09/21/2023
Wren Sterling adds £250mn AUM with south west deal
Twining said Keith Stockdale and his team have the “entrepreneurial drive” the firm is looking for and a very loyal client bank.
Legal,Regulation,Tax & Compliance
09/20/2023
Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili US$743 mil
A hearing in the case is scheduled for Nov 2 at which CS Trust will attempt to stay the judgement against it.
09/20/2023
Online Safety Bill passes final reading in the Lords – positive reaction
The legislation establishes a ‘Duty of Care’ on social media websites and search engines, making them more responsible for the content they publish for the first time.
09/20/2023
HMSA joins the 16% of applicants who have a Finma trustee licence
The wealth-planning specialist is the latest firm to be authorised as the regulator works through its lengthy backlog.
09/19/2023
FCA finds no evidence of de-banking based on political views
FCA review sparked by Nigel Farage’s claims concludes that banks are not closing accounts primarily based on customers’ political views.
09/19/2023
Withers wins Matrimonial and Family Law Firm of the Year at ALB Hong Kong Awards 2023
This is the 10th year the Withers’ family team has received this prestigious award from ALB
09/18/2023
Standard Chartered and Dubai Department of Economy and Tourism sign Cooperation Agreement to promote business opportunities between Hong Kong and Dubai
Standard Chartered and the Dubai Department of Economy and Tourism will also set up a joint working group to discuss about how to achieve these objectives.
09/18/2023
China police detain some Evergrande wealth management staff
The police said the investigation into the financial management unit was ongoing and urged investors to report any further financial crimes.
09/15/2023
SER opens investigation against Banque Cantonale du Valais (Walliser Cantonal Bank)
The alleged violation concerns regulations on ad hoc publicity and is related to the disclosure of price-relevant facts.
09/15/2023
Why the FCA could be restricting Raymond James
Dodgy tech systems, concerns over suitability, scrutiny over client cash controls, and anxiety over Raymond James’s ‘flexible’ model may have fed into the FCA’s restrictions.
09/13/2023
How the PUK Became a Bad Bank for Regulation
National Councilor and parliamentary group president Thomas Aeschi of the SVP directed a barb on the topic of Credit Suisse at FDP president Thierry Burkart.
09/12/2023
Carey Olsen pair named NextGen Leaders by eprivateclient
The NextGen Leaders list, which replaces eprivateclient's prestigious annual UK and UK Crown Dependencies Top 35 Under 35, recognises outstanding professionals working in the legal and finance sectors
09/12/2023
Societe Generale and Brookfield partner to launch a EUR 10 billion private debt fund
The seed fund will focus on two strategies
09/11/2023
JPMorgan Chase, Goldman Sachs, UBS and Morgan Stanley Agree To Pay $499,000,000 Over Anti-Competitive Accusations
The pension funds accuse the banks of trying to corner the market with their own system called EquiLend, while hindering the development of new platforms that would execute the borrowing and lending of electronic securities.
09/08/2023
Nordea AM Secures Singapore License
The new hub will also be integrated with NAM’s «ESG-focused internal investment boutiques as well as its portfolio managers covering equities, fixed income and multi-asset investments».
09/08/2023
Woodford investors could get £200m compensation in early 2024
Link Fund Solutions lays out the timetable for a final compensation programme for investors trapped in the Woodford Equity Income, subject to a likely December vote.
09/08/2023
Asian Captive Conference 2023: The Connected Risk Journey in Self-Insurance
Steering the risk journey in an ever-shifting captive landscape
09/07/2023
Alleged Launderer Assets Seized at Julius Baer, CS
Previously, Vang also had $2.6 million frozen at RHB Bank Bhd. and S$600,000 at UOB Kay Hian Pte.
09/07/2023
How much can a state guarantee cost?
The Federal Council recently wrote a corresponding message .
09/07/2023
European WMs stumped by Mifid directives in sustainability assessments
Over half (57%) said that they do believe that it will improve investor outcomes, and 11% are not sure whether it will or not.