Managers of Wealth

Completion of BNP Paribas Jersey Trust Corporation Limited

This latest deal will bring additional scale and local expertise to ZEDRA’s already fast growing Jersey office.

Tax non-compliance to be ‘hard and costly’: Sars wealth unit director

Anyone believing that they are ‘out of sight, out of Mind’ may fast find themselves being approached by revenue service, says Natasha Singh.

Insurance woman wins discrimination lawsuit against Swiss Re

Sommer says she was passed over for two managerial positions while she was on maternity leave, despite having more experience than those hired later.

Bank compliance for wealth management subsidiaries

When establishing BWMS, the qualifications and business capacities of shareholders, especially initiators and controlling shareholders, are of great concern and strictly examined by regulators.

UK FCA issues clarification on IFPR and SM&CR

This was to retain the definition in the FCA’s rules following deletion of the IFPRU sourcebook.

‘Absolutely glorious’: Malaysians hail jailing of Najib Razak

Malaysians say they hope Najib’s jailing serves as a warning against corruption as the former prime minister spends his first day in prison at a complex outside the capital.

UBS set for CHF 200m fine over messaging app misuse – report

The banks will also admit their staff’s use of the apps, such as WhatApp, was against regulations, the article continues.

Six’s regulator says biotech broke reporting rules and proposes sanctions

The company allegedly violated the regulations in the financial reporting of 2019 and 2020.

Credit Suisse Investment Bankers Are Bracing for Brutal Cutbacks

Conversations with about a dozen Credit Suisse dealmakers, traders, financiers and wealth advisers, who asked to remain anonymous, depict an investment bank braced for a reckoning.

UBS Faces Fine Over Messaging App Misuse

The settlement is expected to be announced by the end of September.

Changes to HMRC’s Trust Registration Service – do the new rules apply to you?

The deadline for affected trustees to register their trusts on the TRS is 1 September 2022.

Chambers Global Practice Guides - Private Wealth 2022

The guide provides information on 34 jurisdictions

C Hoare & Co sells tax advice business

Acquirer says deal was a ‘natural move’

Marlin Capital Partners expands Apex Group partnership

This extends Apex Group’s existing partnership with Marlin, having been appointed in 2021 to provide outsourced Management Company, Middle Office and Fund Administration services to the Marlin Money Market Fund.

Wealth adviser boosts tax advisory capability

Tax director Stephen Martin, who was hired last year, said it was important to 'provide solutions to all our clients'.

SJP to compensate wife of partner over 'unsuitable' pension advice

It would not be unreasonable for SJP to assume that its appointed representatives could make informed decisions for themselves.

Credit Suisse Ramps up Legal Pressure on Softbank

For its part, Softbank attorneys said Credit Suisse's efforts to get information via courts in the US is a «fishing expedition».

Barings Acquires Australian Property Firm

As of March 31 this year, Barings’ global real estate platform managed a total of $48.9 billion in AUM.

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.

Legal,Regulation,Tax & Compliance