Managers of Wealth

What Can We Expect from the SEC with COP26 Around the Corner?

Chair Gary Gensler of the Securities and Exchange Commission (SEC) has made climate change headlines of his own in recent weeks.

Chinese tech turmoil and equality distract from fundamentals

The falls in Chinese share prices have prompted investors, including ourselves, to look closer at China’s prospects. Short-term volatility should not cloud China’s underlying investment strengths.

Key market developments in the Isle of Man

The Isle of Man Government recently passed the Beneficial Ownership (Amendment) Act 2021 which comes into force on 1 September 2021.

Zurich IAMs merge and say: ‘join us’

‘Our message to other independent asset managers facing high regulatory costs is to join us,' said Marcel Chevrolet.

Tools for measuring culture: quality, quantity - or both?

A series of recent publications on the topic provide interesting food for thought on how to tackle those challenges

Bank Reyl Turns Up in PDVSA Scandal

Naman Wakil tapped more than $21 million from a Swiss bank account

Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai

Raffaele Imperiale, suspected of buying Van Gogh paintings on black market, considered one of Italy’s most dangerous fugitives

Freshfields represents The Goldman Sachs Group on its proposed acquisition of NN Investment Partners

With a heritage dating back almost 175 years, NN Investment Partners employs more than 900 professionals in 15 countries and combines the use of data and technology with fundamental analysis in its investment processes.

American Airlines Bans Alcohol On Flights Until Next Year

The airline had said in the past that it would not resume alcohol sales onboard until September 13th, which is when the federal mask mandate was expected to expire.

Ogier launches ESG Align – a new compliance tool to get fund managers climate ready

ESG Align is designed to elevate managers' understanding of climate-related risk in portfolio management, and provide a useful compliance check against the new SFC requirements.

Planning for liquidity - using Cayman Islands private wealth structures for pre-IPO and exit events

Cayman Islands trusts and private wealth structures are now an increasingly popular choice for those looking ahead to protect these significant investment gains in a tax efficient asset protection vehicle.

Globally taxing times ahead

The OECDs proposals gained widespread media coverage following the G7 Summit in June 2021, with the G7 pushing for the global minimum corporation tax rate of 15%.

Swiss Bank Executive Arrested in Mallorca

A spokesman for Ihag confirmed that Rueegg cannot leave Spain due to a U.S. request for legal assistance, and that he had been suspended from his duties at the bank.

Monetary Policy Report - August 2021

Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.

Time Waits for no MLRO: GFSC Thematic Review on Reporting Suspicion

The two largest groups in the pool of 29 firms that took part in the thematic review comprised banks and fiduciaries, in line with the risk weightings attributed by the Bailiwick's National Risk Assessment (NRA).

Hogan Lovells advises UBS on its first infrastructure equity investment in Germany

The transaction is already completed and marks UBS' first infrastructure equity investment in Germany.

KPMG debuts ambitious tax practice for US expats in UK and Europe

The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK's family office and private client team.

Federal Council sets parameters for binding climate reporting for large Swiss companies

Sustainable finance offers the Swiss financial centre an opportunity to further reinforce its competiveness.

FCA publishes welcome guidance on ESG and sustainable funds

The FCA gives specific examples of the numerous poor applications it has received for the authorisation of ESG funds and sets out its expectation of "material improvements in future applications".

TISE makes Listing Rule changes to target SPACs

TISE initially introduced rules for listing SPACs in 2015 and it has recently revised them to align with developing market trends in both the US and Europe and notably, where there may be an institutional investor base.

Legal,Regulation,Tax & Compliance