Managers of Wealth

Carey Olsen a finalist for two STEP Private Client Awards

Carey Olsen has one of the largest trusts and private wealth teams in the offshore world

COVID- 19 lockdown stays in Spain will count towards tax residency status in Spain

According to Spanish law, an individual will be considered tax resident in Spain if, amongst other criteria, they spend more than 183 days in Spain.

Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents

Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship

Migration of foreign limited partnerships into Jersey

This guide summarises the process for such a continuance

Wolfram Kuoni: "Union Bank's problems were homemade"

A license withdrawal procedure was initiated against Union Bank in 2019.

'Too late': AMP shareholders not satisfied with scalps

The high-profile exits followed "feedback expressed by some major shareholders" about the serious complaints made and company's handling of them, AMP said in a statement on Monday.

Fraud fears as FCA investigates over 150 Covid-19 related scams

The total number of suspected scams reported to the FCA over the last five months is 165. The types of scams that have been circulated during this time include email, phone calls, text messages, letters, and social media.

Mourant Global Funds Update - August 2020

We regularly provide training sessions and updates on market developments

Luxembourg’s Register of Trusts and Fiduces

Fiduciaries and Trustees established in Luxembourg and providing services to express trusts or fiducies established or domiciled in Luxembourg are responsible for completing the information in the RFT

Cyprus sold passports to criminals and fugitives

A leak of government documents reveals Cyprus sold citizenship to dozens of foreigners linked to crime and corruption.

Credit Suisse: Zero Tolerance, or Both-Siderism?

The case has wider significance for high finance, which still hasn't faced the type of reckoning about women and power as other industries like entertainment and media have.

UBP's Saudi Setback

The Swiss ruling denies an appeal by UBP against Hugh Dickson and Mark Byers, liquidators of Saudi Arabia vehicle Saad.

What Law Firms Can Expect in a ‘Grueling’ Second Half of 2020

They may struggle to retain and compensate their most marketable partners if they can’t bolster their firm’s finances by the end of the year.

MetLife Announces Alliance With Barnum Financial Group

MetLife and Barnum Financial Group have a shared passion for giving people the tools and insights they need to pursue their dreams with confidence.

Fidelity Partners With Amazon on Quantum Computing: Tech Roundup

Also, AssetMark launches eService Team to help advisors.

Withers acts on precedent setting Court application to gain increased powers for trustees

The Court considered the extent to which it can grant powers under s57 where there is no particular contemplated transaction/disposition and where the new power was of a general nature and not directly transactional.

Powerwrap signs wealth boutique

“We are very pleased that Craig and Tim have chosen Powerwrap and we are working closely with them to transition their clients onto the platform.”

Updates to the Cayman Islands Beneficial Ownership Regime

Prior to the Amendments, it was the statutory duty of a Company, if required to maintain a beneficial ownership register, to issue a restrictions notice to its own shareholders or members

Fiduciary arrangements and trust in Luxembourg: new obligations for local and foreign trustees

All fiduciaries of fiducies and trustees of express trusts administered in the Grand Duchy of Luxembourg need to set up an internal file on their beneficial owners.

Chinese Private Bankers to Learn From Julius Baer

Julius Baer said it will provide its management expertise to the institute's academic research in order to help train and educate wealth managers in China.

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