Managers of Wealth

Frontier workers: Swiss government adopts new agreement with Italy

The new agreement will enter into force once the Italian parliament ratifies it.

Latham & Watkins Advises Hg on Acquisition

German-led team advised the leading software investor on the transaction.

China Orders Banks to Speed Up Ditching Nonstandard Wealth Management Assets

Regulators in the first half of this year already ordered banks to speed up the disposal of remaining nonstandard credit assets, the person said.

Walkers Guide to Setting Up a Cayman Islands Cryptocurrency or Blockchain Fund

Once the investment strategy has been determined, and there is the necessary interest from investors, the decision needs to be made on the most optimal way to structure the fund.

US probes Deutsche Bank's asset management arm over sustainability claims

The agency earlier this year established a task force to root out misconduct related to environmental, social and governance issues.

Italian Mafia Exploits Cryptocurrency and the Deep Web

The anonymity offered by the online markets is particularly valuable to the criminals amids the pandemic

Swiss Court Rejects Ex-BSI Banker’s 1MDB Appeal

The Federal Administrative Court turned down the appeal to lift a three-year regulatory ban over failure to properly combat money laundering.

What Can We Expect from the SEC with COP26 Around the Corner?

Chair Gary Gensler of the Securities and Exchange Commission (SEC) has made climate change headlines of his own in recent weeks.

Chinese tech turmoil and equality distract from fundamentals

The falls in Chinese share prices have prompted investors, including ourselves, to look closer at China’s prospects. Short-term volatility should not cloud China’s underlying investment strengths.

Key market developments in the Isle of Man

The Isle of Man Government recently passed the Beneficial Ownership (Amendment) Act 2021 which comes into force on 1 September 2021.

Zurich IAMs merge and say: ‘join us’

‘Our message to other independent asset managers facing high regulatory costs is to join us,' said Marcel Chevrolet.

Tools for measuring culture: quality, quantity - or both?

A series of recent publications on the topic provide interesting food for thought on how to tackle those challenges

Bank Reyl Turns Up in PDVSA Scandal

Naman Wakil tapped more than $21 million from a Swiss bank account

Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai

Raffaele Imperiale, suspected of buying Van Gogh paintings on black market, considered one of Italy’s most dangerous fugitives

Freshfields represents The Goldman Sachs Group on its proposed acquisition of NN Investment Partners

With a heritage dating back almost 175 years, NN Investment Partners employs more than 900 professionals in 15 countries and combines the use of data and technology with fundamental analysis in its investment processes.

American Airlines Bans Alcohol On Flights Until Next Year

The airline had said in the past that it would not resume alcohol sales onboard until September 13th, which is when the federal mask mandate was expected to expire.

Ogier launches ESG Align – a new compliance tool to get fund managers climate ready

ESG Align is designed to elevate managers' understanding of climate-related risk in portfolio management, and provide a useful compliance check against the new SFC requirements.

Planning for liquidity - using Cayman Islands private wealth structures for pre-IPO and exit events

Cayman Islands trusts and private wealth structures are now an increasingly popular choice for those looking ahead to protect these significant investment gains in a tax efficient asset protection vehicle.

Globally taxing times ahead

The OECDs proposals gained widespread media coverage following the G7 Summit in June 2021, with the G7 pushing for the global minimum corporation tax rate of 15%.

Swiss Bank Executive Arrested in Mallorca

A spokesman for Ihag confirmed that Rueegg cannot leave Spain due to a U.S. request for legal assistance, and that he had been suspended from his duties at the bank.

Legal,Regulation,Tax & Compliance