HSBC cuts ties with expat US clients
HSBC Private Bank will cease offering services to US private clients who bank overseas.
Industry
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Skandia Intl allows access to option trading fund
The Curzon Traded Options Fund has been made available on Skandia Intls personal portfolio bond.
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FSA executes search warrants on Castlestone’s offices
The FSA is investigating Castlestone Management but is not detailing what it is looking for.
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Aberdeen AM plans Shariah bond funds for Malaysia
Aberdeen AM Asia is planning to launch Shariah compliant bond funds in Malaysia.
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Principal expands into the Netherlands
Principal Global Investors (Europe) has announced plans to expand into the Netherlands.
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Hong Kong asset management tops HK$10trn
Hong Kongs combined asset management business topped HK$10trn at the end of 2010.
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Asian cities top ranking of global business centres
The worlds largest companies are choosing Asia’s boom cities for their new offices, a report says.
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Malta offers tax breaks to finance workers
Malta is seeking to attract top finance professionals from within the EU by offering tax breaks.
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Williams de Broë in talks to buy BNP Paribas Private Investment Management
Williams de Broë is in discussion with BNP Paribas WM Management to buy BNP Paribas Private IM.
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Bank of Valletta will not appeal MFSA fine
The Bank of Valletta will not appeal the findings of the MFSA into its defunct La Valette fund.
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Two funds launch on Alceda platform
Two Ucits-compliant funds have launched on the Luxembourg-based Alceda Fund Management platform.
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Code to encourage responsible investing in South Africa launched
A new Code for Responsible Investing in South Africa was launched in Johannesburg today.