australias firstmac launches singapore operation
Firstmac Ltd, a privately-held Australian provider of residential loans, has opened an office in Singapore, and named Alfred Goh to head it up.
Author: International Adviser
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former citic pacific exec jailed for insider
A former assistant director of finance at CITIC Pacific, a Hong Kong based property and mining company, has been jailed and fined for insider dealing.
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uks territories keep schtum on son of fatca
Spokesmen for some of the UK’s key overseas territories said little beyond the fact that they look forward to meeting UK Government officials imminently to discuss the possibility of their exchanging more information with the UK, in the wake of a report that the UK is seeking to impose its own version of the US…
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schroders unveils renminbi bond fund
Schroders has launched a new fund to give offshore investors access China’s fixed income market in the Chinese currency.
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kleinwort benson sells former close qrops business
Kleinwort Benson is to sell all of the offshore retail and pensions trust business it acquired from Close Brothers in 2011 to QROPS and QNUPS specialist, Overseas Trust and Pension.
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investigation finds sham offshore directorship
A joint investigation by The Guardian newspaper, BBC Panorama and the Washington-based International Consortium of Investigative Journalists has revealed a thriving trade in offshore tax evasion in a series of articles and films which throw a light on the unscrupulous behaviour of some UK based tax specialists.
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fiduciary wealth signs up platform one
Fiduciary Wealth Management, the private wealth arm of Gibraltar’s Fiduciary Group, has named Platform One as its investment platform, and said it plans to utilise both its UK and International services.
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carney named new bank of england governor
Bank of Canada governor Mark Carney has been named as Mervyn King’s successor at the Bank of England.
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hong kongs affluent optimistic for market over
The “aspiring affluent” and affluent in Hong Kong are more optimistic about the next six months than their Singaporean counterparts according to a recent survey which also found the majority plan to review their investments.
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not for profit pension providers recommended
Hong Kong’s Mandatory Provident Fund Schemes Authority is urging the government to consider a number of recommendations to help drive down fees and improve performance of MPF retirement schemes, even going so far as to suggest the use of not-for-profit providers.
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british government rumoured to be planning son
Britain’s overseas territories, including the Crown Dependencies, Gibraltar and the Cayman Islands, are expected to be seeking official confirmation with some urgency of a report that the UK government is planning a ‘son of FATCA’ aimed at obtaining information on all accounts held by British taxpayers.
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mc trustees malta qrops reopens for business
MC Trustees has resumed accepting business into its Malta QROPS scheme, which has been restored to HM Revenue & Customs' online list.