State Street Corporation, the New York-listed financial services provider, has been granted a deposit-taking banking licence by the Jersey Financial Services Commission, making it the first Boston-headquartered bank to hold such a licence there.
The Monetary Authority of Singapore has stunned the country’s advisory and insurance industries by announcing a major review that is seen as potentially changing the way financial advice is given to Singapore residents.
The Dubai Financial Services Authority (DFSA) has warned the UAEs financial services industry and members of the public not to be taken in by an email scam which it said impersonated the head of Dubais Financial Centre.
Dubai is planning to go ahead with an “ambitious” pension fund for expatriates before the end of the year, a Gulf news website is reporting.
The UKs Budget delivered yesterday by Chancellor George Osborne has seen the government clamp down on tax avoidance by Britains wealthy individuals.
Morningstar and OBSR have affirmed their partnership with the rebrand of the latter’s research and consulting businesses to Morningstar OBSR.
George Osbornes 2012 Budget was promoted as benefitting Britains less well off, but as the dust settled on the 114-page document this afternoon, it seemed few are likely to benefit quite so much as those tax experts who specialise in translating what it all means to the wealthy, international individuals who are their clients.
Swiss private banking group, Lombard Odier is to enter the Australian and New Zealand markets through the established network of JBWere.
Nine in ten affluent Asians expect their financial services provider to offer education on investments and wealth management, according to a major study conducted by Standard Chartered Bank and Scorpio Partnership, a global strategy research company.
The deVere Group has agreed a strategic alliance with Dubai-based ECS Insurance Brokers LLC that it says will lead to a full ownership by deVere, according to a statement issued yesterday by the global financial advisory firm.
Nigel Green, the chief executive and founder of global IFA group deVere, has bought a 24% stake in STM Group, the London-listed cross-border provider of QROPS and other financial products.
With the implementation of the Retail Distribution Review set to take place at the start of next year, two-fifths of platform users in the UK are outsourcing some or all of their investment process, according to a survey of 345 people by independent research company Defaqto.
