Managers of Wealth

Finma says a portfolio manager licence approval took 536 days

The average time was 108 days.

Swiss attorney general charges former St Gallen Pensionskasse portfolio manager with insider trading

The manager worked for the treasury of the canton of St Gallen from 2003 to 2014, and for the Pensionskasse of the canton from 2014 to 2018, investing pension fund’s assets.

US Whistleblower Victory Against UBS Overturned

For its part, UBS argued that the plaintiff did not even qualify as a whistle-blower.

Bank of England shows new focus on inflation

Central bank accelerates rate hikes with 0.5% increase, but dire forecasts signal rates may not go as high as previously feared.

FINMA extends protective measures at Sberbank (Switzerland) AG

The investigating agent appointed by FINMA will continue to perform their duties.

Partner Kellyann Ozouf on STEP Awards Panel of Experts

Kellyann joins the STEP Panel of Experts for the fourth year running, this year she is once again sitting on the 'Multi-Family Office Team of the Year' Panel.

Geneva WM obtains Finma licence

MSM Investment Advisors provides wealth management services to high net worth families.

PIMFA welcomes extension of the Consumer Duty implementation timeline

Under the FCA’s revised timeline firms will have until 31 July 2023 to implement the Duty for new and existing policies – an extension of three months – and a further 12 months from then – until 31 July 2024 – to implement t

ASIC suspends AFSL of wealth management firm

The firm’s licence has been suspended for six months.

New eligibility guidance released for the charity sector and overseas aid organisations

Note that charities have a duty to make a referral to the DBS when it believes a person has caused harm or poses a future risk of harm to vulnerable groups, including children.

Charity Commission publishes "Public Trust in Charities 2022" report

In less welcome reading, the report refers to “a stubbornly persistent scepticism regarding how charities use their money and how they behave”.

Burges Salmon named Best HNWI UK Law Firm 2022

At the Fintech Awards 2022, the firm has been named as Best HNWI UK Law Firm

IMF warns world may soon be 'teetering on the edge of recession'

UK GDP growth in 2023 set for 0.5%

Central bankers in seven league boots

The currency watchdogs have watched inflation for too long, and this impression is becoming more and more entrenched.

Frenkel Topping forms Joint Venture with CFG Law

The joint venture sees CFG Law, part of the Client First Group, provide services jointly with Frenkel Topping’s independent financial advice division, under the trading name CFG Financial Services Limited.

Ogier named Offshore Law Firm of the Year for the second time this month at Chambers HNW Awards

This industry recognition caps a milestone year for Ogier and its Trusts Advisory Group, which provides seamless contentious and non-contentious private client and trusts services to a global client base.

PIMFA announces shortlist for second Diversity & Inclusion Awards

Launched last year and opening to entries in April, PIMFA’s industry awards demonstrate our continuing commitment to promote diversity and inclusion best practice within the financial services industry.

Cayman Compliance and Regulatory Updates – Q2 2022

Regulated entities must ensure that their sanctions compliance programmes remain fit-for-purpose and contain mechanisms that allow them to quickly respond to the complex, far-reaching and swift changes to Targeted Financial Sanctions.

UK’s outdated property taxes favour the wealthy, says OECD

An increase could mean lower income tax and and also help young people on to the property ladder

Harneys recognised as the “first port of call” in Chambers HNW guide 2022

This is the sixth consecutive year the firm has received this recognition.

Legal,Regulation,Tax & Compliance