Suspension lifted at Holborn Assets
Dubai-headquartered Holborn Assets Insurance Brokers has resumed normal business after the Insurance Authority suspension of the company’s licence was lifted on Monday, sources have told International Adviser.
Middle East
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The privacy risks of cross border investing
What can unite the UK and Russia, Saudi Arabia and Qatar and Pakistan and India? The answer, as all nerds know, is not football but tax, specifically the Common Reporting Standard (CRS), according to Irwin Mitchell Private Wealth partner Alex Ruffel and solicitor Luke Micallef-Trigona.
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Canaccord responds to IA action over Holborn
In light of the regulatory action by the UAE Insurance Authority against Holborn Assets, Canaccord Genuity Wealth Management has told International Adviser that it is “keeping the matter under review and looks forward to the conclusion of the regulator’s findings”.
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Woodbrook to make UAE and Latin America acquisitions
International financial adviser Woodbrook Group is in the process of making at least two more acquisitions this year – including entries into the UAE and South America.
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Holborn Assets has Dubai licence suspended
Dubai-based Holborn Assets Insurance Brokers has had its Insurance Authority licence suspended for three months, in a rare case of the regulator taking action over a complaint about what is believed to be the sale of a long-term savings product.
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Praemium secures regulatory approval to launch UAE funds
Australian investment platform Praemium has launched five investment funds in the UAE, as it prepares to set up shop in the Dubai International Finance Centre (DIFC).
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PEOPLE MOVES: PSG Wealth, Vanguard, Martin Currie
Vanguard fills its newly created head of Italy position, Martin Currie sets out its succession plan involving a Blackrock alum and PSG Wealth grows its Johannesburg office.
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Zurich enters passive market with Middle East adviser offering
Zurich International Life has launched a set of low cost passive funds that will offer financial advisers a simple investment solution for their customers in the Middle East.
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The Fry Group opens in Dubai
Global financial advisory firm The Fry Group has appointed a market head, Middle East as the business breaks into the region.
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UAE overhauls visa rules for residents and visitors
The UAE government has announced changes to its visa requirements which should make life easier for expats.
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‘Dubai leak’ exposes $110m dirty money trail
Dubai’s property market is being abused by money launderers, according to a campaign group which has published a report based on leaked documents.
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Bahrain apartment not enough to avoid Aussie income tax
A man who has lived and worked in the Middle East since 2009 has failed to convince an appeal court that he is a non-resident of Australia and therefore should not have to pay income tax.