Saxo Bank to open DIFC operation
Saxo Bank, the online trading platform for private, professional and institutional investors, is to open an office in the Dubai International Financial Centre (DIFC).
Industry
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AIFA seeks to consult with financial services industry on regulation
The Association of Independent Financial Advisers (AIFA) has today unveiled a paper on the future of financial regulation in the UK that it intends as a starting point for industry discussion. It i
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Clerical Medical Int’l brand to disappear
The merging of Clerical Medicals intermediary business with Scottish Widows will see Clerical Medical International (CMI) disappear as a brand, though there will be no change to its Isle of Man admi
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Investec Bank (CI) promotes consistency of account
Investec Bank (Channel Islands), the Guernsey-based offshore arm of the London and Johannesburg-listed Investec banking group, is promoting the consistency of its Euro Investec Horizon Account…
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Henderson’s plans for New Star International revealed
As the Henderson Group acquisition of New Star Asset Management progresses, details of Hendersons plans for NSAMs international operations are emerging.
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UK publicly recognises Isle of Mans improvements
The UK government has praised the Isle of Man’s efforts aimed at increasing tax transparency and co-operation and urged other jurisdictions to follow its example.
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UK alternative asset industry says EU directive could damage its members
Hedge fund and private equity firms have slammed EU proposals for tight regulation of their sector. A prevailing theme of the objections centred on the damage the regulations could do to smaller fi
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UK funds industry a global “contender” after Budget improvements
The boost given to the UK’s investments industry by legislative changes announced in the budget means the country is now a “serious contender” as a funds domicile.
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Nexus expands into Qatar and launches Takaful product
Nexus, one of the largest IFA firms in the Middle East, has opened a Qatar office following regulatory approval from the Financial Centre Regulatory Authority.
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UK funds hold assets worth more double national GDP
UK investors are Europe’s biggest users of collective investment funds, with British asset managers holding the equivalent of more than twice the country’s GDP in assets under management at the end of
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Bank of Scotland Intl launches new FTSE 100-linked structured product
Bank of Scotland International has brought out a new version of a five-year sterling-denominated structured product that aims to give investors exposure to the FTSE 100 index, while protecting their o
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Alternative investment industry officials criticise draft EU draft directive
Private equity industry and hedge fund groups have responded to todays publication of a new draft European directive aimed at the alternative investment industry by saying it fails to address the t