Managers of Wealth

Swiss Banks Charge Hefty Transfer Fees

For foreign securities, the cost has dropped from 120 francs to 95 francs over the same period.

PIMCO European Central Bank Reaction: On a quarterly cutting journey

The September rate cut, the second this year after June, reaffirms the ECB’s projection of hitting the inflation target by the fourth quarter of 2025.

IQ-EQ adds trust services in Cayman Islands

IQ-EQ has three client segments — fund and asset managers; private and institutional asset owners; and debt, capital markets and corporate.

Two Ogier rising stars recognised as 2024 eprivateclient NextGen Leaders

The annual list by eprivateclient recognises, introduces, and promotes outstanding professionals and talent based in the UK and UK Crown Dependencies.

UK tax changes could drive wealthy executives overseas, says CVC

Lucas, who has shares in CVC worth about $640 million according to LSEG data, said that he was not concerned about the prospect of staff moving due to any tax changes

BBVA gets green light from U.K’s Prudential Regulation Authority to take indirect control of Banco Sabadell’s British unit TSB

The authorization is one of the conditions to which the purchase offer to Banco Sabadell shareholders is subject and a necessary step to complete it, since TSB would become part of BBVA.

Former Barclays banker banned from top City job: Thomas Kalaris labelled 'dishonest' as he loses appeal

Saranac appealed, with a hearing held in July and yesterday the Upper Tribunal in London upheld the regulator’s decision to ban Kalaris.

Deutsche Bank reaches settlements with a large share of the plaintiffs in Postbank takeover litigation matter

Among the plaintiffs who agreed to a settlement is also the largest individual plaintiff in these proceedings, representing about one third of all claims.

IHT receipts rise again; great wealth transfer will ‘change everything’

The latest HMRC figures reveal IHT receipts collected by the Treasury surged to £2.8bn in the last quarter (April to July).

TD has first loss in decades after hit from U.S. laundering probe

The results come a day after Toronto-Dominion said it anticipates paying a total of more than US$3 billion in penalties related to U.S. compliance lapses.

Three indicted in money laundering case compromising Singapore’s AML status

The case involved the covert transfer of $S3bn in illicit funds, some from overseas gambling operations.

Finma on stablecoins: “Same business, same risks, same rules”

Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.

FCA scrutinises DFM feedback amid SDR extension rumours

The FCA has promised to set out next steps ‘shortly’ on talk that wealth managers will be given an extension to the December deadline.

Anti-greenwashing: UK firms gearing up for new FCA rules and guidance

Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear

Former Banker Who Helped Launder Rp34.5 Trillion In Singapore Diadili

Both Wang Qiming and Liu Kai are Chinese managers and citizens who work in Citibank and the private bank Julius Baer Switzerland.

Nikko Asset Management gets UK stewardship nod

Nikko AM’s submission is structured around how the firm addresses these principles in its investment management and other operations

Finma has gone too far, says Swiss Blockchain Federation

Swiss Blockchain Federation says Finma’s approach to stablecoins will make it impossible for Swiss issuers to participate in the market.

LGT Capital Partners expands its semi-liquid open-ended solutions with two private equity and private credit vehicles

The open-ended private equity strategy invests through diversified portfolios of secondaries and co-investments.

Swiss Life Asset Managers acquires Condecta

Swiss Life Asset Managers buys space solutions firm Condecta from private equity firm Paragon Partners.

SFOs Start Applying For Singapore's Philanthropy Tax Scheme

The total amount of philanthropic donations was not disclosed as the first reporting cycle only takes place next year.

Legal,Regulation,Tax & Compliance