boutique asset managers form self help group
Representatives of boutique asset managers from countries around the world met last week in Spain to form a new association called the “Group of Boutique Asset Managers”.
Author: International Adviser
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deadweight tide of regulation
A long-held suspicion of financial services firms was confirmed by a senior Bank of England official last night as he revealed a 600% increase in UK regulation since 1979, comparing the tide of red tape to the country’s unwieldy tax system.
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survey of harlequin investors finds
Almost half of some 154 investors in Harlequin Property surveyed said they had been told that their investments were “low risk” at the time they made them, according to Regulatory Legal, a law firm which is representing a number of disgruntled Harlequin investors.
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coutts continues to ramp up middle east presence
Coutts has appointed a managing director to its Middle East office, adding to its growing team in the region.
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profits rise at nedbank private wealth in 2012
After tax profits at Nedbank Private Wealth, which re-branded from Fairbairn Private Bank in October last year, were up 15% during 2012.
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switzerland closes agreement with us over fatca
Switzerland has adopted a simplified version of the US government’s FATCA tax legislation which was agreed by the two countries earlier this year.
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bond sales dip to nine month low
European bond fund sales tumbled to a nine-month low in February at just 9.4bn, in line with a general trend, according to Lipper data.
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tax evaders should use ldf before time runs
Those seeking to illegally evade tax are running out of places to hide, according to tax experts who are urging those with illegitimate assets overseas to come clean under one of the disclosure facilities on offer from HM Revenue & Customs.
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living in the fast lane a profile of swim
Paul Scott trained as an engineer and started his career in that profession, moving from there into automobile engineering and subsequently, luxury car dealership management. By the time he was 26, he was running major Porshe and Ferrari dealerships in such affluent Southeast England towns as Colchester and Cambridge.
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silverfleet to acquire guernseys ipes
Silverfleet Capital, a London-based private equity firm, has agreed to buy Guernsey-based Ipes, the fund administration and outsourcing services company, in a £50m transaction from RJD Partners, which paid £25m for it in 2008.
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bny mellon am poaches japanese equity
BNY Mellon Asset Management Japan has hired a six-strong Japanese equities team from ING Investment Management.
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fecif chair eu fatca has major implications
For months, Europe’s debt has been the dominant topic at meetings of the EU Commission. In such an environment, it's hardly surprising that the idea of some form of multilateral tax information exchange agreement ultimately proved too tempting to resist, says FECIF chairman Vincent Derudder