Investec closing its Guernsey trust operation following review
Investec is closing its Guernsey Trust office over the next 12 months, with the loss of 62 jobs.
Industry
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Quilter adds to Jersey team
Quilter has appointed Damien Maltwood as investment manager within its Jersey office.
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Prudential consolidating UK and international sales forces
Prudential is consolidating its UK and international life business development teams.
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John Spellman leaves Isle of Man Finance
Isle of Man Finance director John Spellman has left the position to pursue other interests.
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Pru rumoured to exit UK
Prudential is said to be working on a deal to sell its entire UK and US businesses.
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LGT CP to launch Ucits fund of hedge funds
LGT Capital Partners is launching a Dublin-domiciled Ucits III fund of hedge funds.
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Missing Marrache brother returns to Gibraltar to face questioning, Gib paper says
Third Marrache brother returns to Gibraltar to face questioning, Gib paper says
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Gulf countries move closer to implementing value-added tax
The Gulf Cooperation Council countries are moving in the direction of implementing a value-added tax
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HSBC launches Global Emerging Markets Equity Alpha Fund
HSBC Global Asset Management is to launch a UCITS III absolute return global emerging markets fund
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Fund introduces new income-producing asset class
A new fund that gets revenues from loans made to terminally ill US cancer patients is being launched
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As 50% top tax rate takes effect in UK, experts debate its likely effects
British residents with incomes of £150,000 or more will today begin paying the new 50% top tax rate.
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Landsbanki Guernsey depositors call attention to comments in UK Justice Committee report
Landsbanki Guernsey depositors’ group calls attention to UK report it says proves their claims