Managers of Wealth

Ozouf and Harris to speak at Jersey Funds Forum

Senator Philip Ozouf and John Harris are the latest big names to confirm they will be speaking at the businesslife.co Jersey Funds Forum 2014: The Global Perspective.

The claws are out on bankers’ bonuses

UK regulators have put forward what they say are the world’s toughest rules on bankers’ pay.

Carey Group Achieves a World First

Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.

FCA sets out its approach to financial promotions in social media

The FCA sees positive benefits from using social media but there has to be an element of compliance

Americans Give Up Passports as Asset-Disclosure Rules Start

The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.

EY senior manager walks into Bovill wealth management team

His prior experience includes a four-year stint at the FSA as manager of a thematic review team.

Irish Collective Asset-management Vehicle Bill published

Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.

Swiss add names to list to prevent bypassing of Russia sanctions

Switzerland decided in March against imposing its own sanctions in response to the Ukraine crisis and its economy minister said last weekend the cabinet had no plans to change this policy.

SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks

The promoters reaped more than $2.5 million in illegal profits through their schemes.

AIFMD rules fuel offshore fund boom

According to a BNY Mellon and FTI Consulting survey of firms in Europe, only two-fifths of asset managers had received authorisation and almost a fifth did not have the required AIFMD structure in place by July 22.

Sidley Austin triumphs for Investec in banker bonus High Court battle

The former bankers argued that they had an unwritten agreement with the bank that their bonuses would be calculated based on an “economic value added” formula, rather than the profit and loss accounts of their desk.

Bonus bashing rule could put off top banking talent

The new rules on remuneration have been imposed due to concerns over excessive risk taking and bankers’ role in the financial crash of 2008.

Doubts over Macquarie Private Wealth compensation

The only people we know who’ve received compensation are people who’ve taken court action or lodged complaints with the Financial Services Ombudsman

Global Forum releases new compliance ratings on tax transparency for 10 jurisdictions

With the release of the latest batch of reviews, the Global Forum has now completed 143 peer reviews and assigned compliance ratings to 64 jurisdictions that have undergone Phase 2 reviews.

10 Most frequently asked questions by Dalila Ver Elst, Senior Compliance Officer, Maitland

FATCA is US law, but what does “UK FATCA” mean?

IMA hits out at European body over dealing commission conflict

The Financial Conduct Authority has cracked down on fund managers charging clients for corporate access and revealed last month that only two of the firms it

HMRC close the net on offshore payment intermediaries

The attraction to the contractor in using an offshore payment intermediary is easy to understand

The Hedge Fund Manager On The FBI’s Most Wanted List

Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, is wanted by the FBI for his alleged involvement in a market manipulation scheme designed to artificially improve the performance of eight Cayman I

New tax rules for loans taken out by UK resident non-domiciliaries by Withers

When a UK resident but non-domiciled individual taxed on the remittance basis takes out a loan, either in the UK or overseas, which is secured on foreign income and gains and brings the funds borrowed into the UK, there are two aspects of the loan which m

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