Managers of Wealth

Trustees and the Art Market Part 1: Buying Art

A purchase with the dealer has been agreed in principle; can the trustee sort out the funds and logistics?

Quantum says Swiss prosecutors close Angola-related case

The Swiss investigations into Bastos were closed on 27 June, the attorney general’s office confirmed to Keystone-SDA.

The island used for promoting the scandalous Fyre Festival could now be yours for a whopping $11.8 million

Spanning across a length of 35 acres of land, the gorgeous isle is home to seven beaches as well as the main house and ancillary buildings and is said to boast of several untouched vistas.

Gucci’s Got Expensive Handbags and Expensive Fund Managers, Plaintiffs in Court Settlement Allege

$1.2 million settlement served in allegations Gucci didn’t opt for cheaper investment options when available.

Five mistakes to avoid when implementing an SFTR solution

As firms prepare themselves for impending SFTR reporting requirements, there are some common mistakes they should be careful to avoid.

Swiss FINSA and what it means to Middle East investors

The new provisions will apply to the financial institutions providing financial services, but also to their employees, directly.

Fear of inheritance tax looms large, India’s super rich are looking to set up trusts

Inheritance tax was abolished in 1985. But fearing its return, rich professionals and businessmen are flocking to tax consultants to set up trusts to avoid the tax.

Swiss government OKs regulatory approach for big banks

“The Federal Council also sees a need for clarification regarding the discount system, the staggered timing of bail-in bonds (conversion of debt into equity) and the liquidity requirements for systemically important banks.”

Elizabeth Warren Starts Winning Begrudging Respect on Wall Street

Financiers drawn to her intelligence, views on social issues

G20 summit - Merian Global Investors fund managers' commentary

Global markets have immediately reacted positively to the signs of thawing in the relationship, with emerging markets and cyclical stocks the principal beneficiaries.

Why Africa’s Biggest Fund Manager Is Under Fire

It’s Africa’s largest fund manager, with the assets under its control equating to about 10% of the total market value of all companies trading on Johannesburg’s stock exchange.

600.000 Reasons To Hide After Embezzling Clients In Monaco

Confident in his ability to hide from justice the Italian’s lawyer did not even show up to appeal the 18 month jail sentence.

Is the EU sending a message to Britain at Switzerland’s expense?

Switzerland blocks its listed stocks from being traded in the EU

Switzerland-EU partnership row facing deadline

Switzerland, last week announced a "protective" plan — set to take effect on Monday — that would bar EU exchanges from trading in certain Swiss shares.

Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550

This year women make up almost 40% of the newly promoted cohort of 81 partners; a market-leading number for any law firm.

Hedge-Fund Heir Found Guilty of Murdering Father

“But in spite of all his love and generosity, this defendant shot his father at close range in his own apartment in an unconscionable and brutal crime.

Scotiabank announces sale of Puerto Rico and US Virgin Islands operations

Oriental Bank and Scotiabank will work together to help facilitate a smooth transition for the business.

Expanding Into the U.S.: Should You Incorporate in Delaware?

Delaware’s popularity isn’t accidental.

Regulatory Headwinds - Appleby

Faced with increased scrutiny from regulators on both global and jurisdictional levels, businesses must continually assess their practices to ensure they fulfil their compliance obligations.

State Street to pay $88.8 million to settle SEC charges

As described in the order, State Street's clients agreed to pay the firm back for out-of-pocket custodial expenses that the firm paid on the clients' behalf. Instead of charging clients for the actual amount of the expenses, however, the SEC ord

Legal,Regulation,Tax & Compliance