wealth management firm enters liquidation
Jersey-based wealth management company, Horizon Investments, has gone into liquidation.
Regions
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pru rumoured to be planning hong kong move
Rumours have yet again surfaced that Prudential, the UKs biggest insurer, may relocate its headquarters from London to Hong Kong.
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shifting to shariah model could increase value
Converting a financial services business to a Shariah-compliant model could increase the value of a company by 18% to 25%, due to the current scarcity of genuine Islamic investments, a report issued by Switzerland-based Bank Sarasin concludes.
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devere eyes swedish market
DeVere Group, which claims to be the worlds largest advisory firm, plans to open its first office in Sweden, in the second quarter of this year.
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reduced cost platform launched for hk advisers
A new execution-only platform has been launched for financial advisers in Hong Kong.
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bnp paribas opens dubai offices
Banking giant BNP Paribas, which runs its regional Middle East business from Bahrain Financial Harbour, has opened two offices in Dubai, prompting speculation that it is seeking to mitigate risks related to ongoing political unrest in Manama, the Bahraini capital.
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hansard globals shift to reg prem pays off
Hansard Global, the Isle of Man-based savings products provider, boosted its after-tax margin on new business sales by three percentage points in the six months to the end of December, helped by a a dramatic refocusing on regular premium rather than single premium products.
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barclays wealth advisory opens in monaco
Possibly spotting a need for professional wealth management services in Monaco in the wake of Tottenham Hotspur manager Harry Redknapps courtroom accounts of a neglected bank account he opened in the principality in 2002 Barclays has opened a Wealth Advisory operation there.
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irish maltese exchanges partner for debt listings
The stock markets in two English-speaking European Union jurisdictions today unveiled a new, jointly-owned and -run securities market for handling complex debt listings.
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Gibraltar says non gib fund admins to be allowed
Gibraltars newly-elected government today said it plans to change its legislation, possibly within weeks, to permit experienced investor funds domiciled in the jurisdiction to be administered by entities not located there.
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call for us to join world in residence taxation
The American Citizens Abroad, a Geneva-based group which represents the interests of expatriate US citizens, has called on the US government to join most of the rest of the world in taxing its citizens on the basis of where they live, rather than where they were born, or the nationality of their parents.
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offshore law firm appleby to open in shanghai
Appleby, which claims to be the worlds largest provider of offshore legal, fiduciary and administration services, has announced plans to open a representative office in Shanghai, its first in mainland China.