Managers of Wealth

Rich hedge fund manager to pay wealth 'tax' on basement extension

Hedge fund manager Reade Griffith has been ordered to pay out more than £800,000 to Kensington council

JPMorgan hires New York law firm to help in hiring probe

The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.

Top private client lawyers set for first Hong Kong Private Client Forum

Asia's leading private client lawyers are set to gather at The Mira Hong Kong Hotel next month to debate the challenges facing Greater China's high net worth community at Legal Week's inaugural Hong Kong Private Client Forum.

China to Join Global Fight Against Tax Evasion: OECD

hina is set to join a group of 50 developed and developing countries in the fight against tax evasion

Italy deploys computer robot against tax cheats

Italy has one of Europe’s biggest grey economies and highest levels of cash transactions, making tax evasion a constant problem despite repeated crackdowns.

SEC charges ex-Oppenheimer fund manager with misleading investors

The company earlier this year agreed to settle related charges with the SEC and pay $2.8 million.

More investment in data governance needed in asset and wealth management - Study

More investment in data governance is needed in companies specialising in asset and wealth management

DFMs criticised for not submitting performance data

Aj Somal, certified financial planner at Aurora Financial Planning, said some discretionary managers were shown “in a bad light” by not submitting comparative performance data.

Billionaire banned from financial sector for five years

While the ban would put at least a temporary end to Falcone's hedge fund career, the consent order detailing the agreement does not say Falcone is barred from being a director or officer of a public company.

HMRC Change QROPS Reporting System

There was industry concern that any changes brought in would adversely affect the industry

FCA writes to 11 groups as it launches fund charge probe

They will range from global asset managers to boutiques

Swiss Lawyer’s Guilty Plea Discloses Help in U.S. Tax Probe (3)

Paltzer is cooperating with U.S. authorities in their broader investigation of how foreign banks and advisers helped American clients evade taxes, his lawyer,Thomas Ostrander, said.

Porche Faces New Hedge Fund Cartel Claim In Legal Battle

After other investors lost two similar claims at a German tribunal last year, the funds added antitrust claims against Porsche to their suit, forcing a move to a court that specializes in cartel suits.

Swiss open door to helping tax crackdowns spurred by stolen data

Data leaks have become big business ever since 2008

AQR and Stress Test Requirements to Pose Challenges for European Banks - Moody’s

Moody's Analytics has released two reports outlining the challenges associated with the upcoming Asset Quality Review (AQR) and subsequent stress test requirements for European financial institutions.

Lady Victoria Normanton Sues Saanen Bank For 'Negligence' After £93,000 E-mail Fraud

A Swiss bank is being sued in the English courts by the glamorous British ex-countess Lady Victoria Normanton for ‘negligent’ handling of her finances which led to £93,000 (CHF: 132,000) being stolen from her bank account.

Norwegian Fund Manager Talks Tax Evasion

The chief executive of a Norwegian oil fund has said that the issue of tax evasion could become an area of focus in the future

Chartis Report Outlines Financial Organizations’ Top Global Compliance, Risk and Business Performance Challenges

Capital adequacy, stress testing & internal risk models among top regulatory pressures; Report says flexible technology key to addressing evolving requirements

Expats advised to prepare for new tax sharing regime in European Union

With the amount of financial information to be shared between European Union countries set to significantly increase over the next few years

Magnusson names former Eversheds partner as Copenhagen head

He will draw on his experience gained during a 2,5 year tenure as the Senior Office Partner for Eversheds’ Copenhagen office.

Legal,Regulation,Tax & Compliance