The joint special administrator of Hartmann Capital has completed the first stage of its unwinding of the London-based investment company, and revealed that client monies as of Monday totalled £23.7m ($39.4m, 28.8m), while it held client equities worth around £39.8m.
A major rebranding and restructuring of Gibraltar’s financial services industry, aimed at raising its competitive profile and increasing its focus on particular market sectors, is under way, overseen by minister for financial services and gaming Albert Isola.
Lazard Asset Management has launched an offshore version of its Global Equity Income Fund.
At first it was recession-impacted countries like Cyprus, Greece and Portugal that rushed to introduce residence-for-investment schemes aimed at bringing wealthy foreigners to their shores. Then Malta attempted to introduce its own “passport for cash” programme last year, but was derailed, first by local opposition and then by the European Union.
Axa Hong Kong (Life) and Axa Singapore (Life) are to target Asia’s growing number of high net worth individuals with a new range of products and services, and have named David Varley to oversee the operation.
St James’s Place Wealth Management, the Cirencester-based UK wealth management network, is at an “advanced stage” of acquiring the Henley Group, the Singapore-based wealth manager founded by Antony Michell, it has emerged.
Guernsey chief minister Peter Harwood resigned today, in the wake of publication of a critical article in the current issue of the British satirical and investigative publication, Private Eye.
Rising taxes are one of the biggest concerns for investors in Europe according to a recent investor survey from Schroders, which also found confidence is growing among investors.
Ignis Asset Management is closing two of its smaller non-core funds as it restructures its product offering and switches its SICAV range from Dublin to Luxembourg.
The Fraser Mackinlay Group and Caratfin Holdings, two of Cyprus’s largest expat-focussed advisory firms, are to merge, as part of a plan to expand across Europe and Africa.
Bordier & Cie will take over Berry for UK presence as rebrand takes place under CEO Jamie MacLeod.
HSBC’s Retail Banking and Wealth Management division reported a $6.65bn profit, constituting 29.5% of the total group pre-tax profit figure.
