Managers of Wealth

Labuan IBFC and SBF to jointly host masterclass on Labuan International Business and Financial Centre

The masterclass will showcase Labuan IBFC’s sectoral offerings and services

Joseph Safra’s Son Sues Family Members

He claims that the other family members had deliberately diluted his stake in the firm in an effort to oust him from the Safra business.

Finra arbitrators order Credit Suisse to pay $1.3 million to former rep

The Swiss firm loses another dispute over deferred compensation related to the 2015 closure of its U.S. wealth management operation.

PIMFA calls for Financial Conduct Authority to have greater role in protecting public from fraud

It is vital that the public is protected from online fraud, and the devastating impact it can have on people’s lives.

DWS boss does not rule out greenwashing fines

Deutsche Bank's wealth management subsidiary, DWS, will continue to work with authorities in connection with the greenwashing allegations.

Morgan Stanley IM Approved for Full Ownership in China

Morgan Stanley IM will increase its stake from 49 percent to 100 percent upon completion of the transaction which is subject to business registration and other procedures required by Chinese regulatory entities.

Mayer Brown advises Crédit Agricole wealth management arm, Indosuez, on acquisition of majority stake in Wealth Dynamix

The operation supports Indosuez’s innovation focus as well as strengthening Azqore's position in the outsourced banking services' sector.

Swiss authorities open criminal probe into bank data breaches

Authorities launch investigation into last year’s leak of the details of 18,000 accounts at Credit Suisse

Credit Suisse Releases More Greensill Funds to Investors

Fund assets totaling $667 million, were also repaid almost in full at the time.

DIFC overhauls family office regulations

Following the creation of a private wealth centre in August 2022

HMRC frauds circulating ahead of tax return deadline

Remember that criminals rely on you being panicked or flustered and they are skilled at extracting sensitive information.

Finma lodges 27 criminal complaints for unlicensed portfolio managers and trustees

The regulator has also put 153 companies on its warning list.

Four Carey Olsen partners named 'Top Recommended Offshore Experts' in Spear's 500 2023

The rankings are the product of research carried out by the Spear's Research Unit, and comprises in-person and telephone interviews, peer reviews, analysis from subject matter experts and information gathered from clients, advisers and firms themselv

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

Harneys wins Caribbean Law Firm of the Year - Citywealth IFC

The winners are those judged to have excelled in achievement, innovation, expertise, and service.

FCA Consumer Duty review shows industry cannot let up on implementation plans

Time is ticking in terms of getting processes and actions in place and this review highlights that as an industry we cannot take our foot off the gas.

Don’t Blame The Bank, Merrill Boss Says

Make no mistake, Bank of America has propelled the Merrill Lynch business forward.

U.S. asset managers gear up to raise money in volatile China

Fidelity International and Neuberger Berman make new regulatory filings

Finma License Gives Arve Asset Management a Boost

Managing director Michel Fest said the company can now celebrate the two important milestones with the Finma authorization and the acquisition of the fund.

Japanese Insurer Sued Over Van Gogh Painting

They claim in the filing that Sompo had wrongfully benefited from the Sunflowers painting for many years while both knowing that the painting is a casualty of Nazi policies and falsely misrepresenting that it is not.

Legal,Regulation,Tax & Compliance