hsbc private bank to close jersey branch in favour
HSBC Private Bank is to close its Jersey office, amalgamating its Channel Island operations into its Guernsey branch.
HSBC Private Bank is to close its Jersey office, amalgamating its Channel Island operations into its Guernsey branch.
The four Channel Islands Chambers of Commerce have met for the first time, in what Julian Winser, president of the Guernsey Chamber of Commerce, said was expected to become a regular event.
Carmignac Gestion, the Paris-based investment boutique, has opened an office in London, as part of a strategy announced last year of expanding into the UK.
International advisory firm, AES International, has introduced a team of oil and gas industry specialists servicing clients working in these sectors around the world.
Assets held on UK platforms used by financial advisers climbed 8% in the first quarter of the year to touch £190bn, according to data released yesterday by Platforum, the London-based platform consultancy.
Private bank Brown Shipley has launched a South Asian service which aims to serve the needs of clients of South Asian origin based in the UK and overseas.
Assets of the worlds largest 1,000 banks grew by 6.4% in 2010/2011 to a record $101.6 trn, with China posting the greatest growth, a new report by TheCityUK reveals.
More than two-thirds of advisers do not expect to offer a self-directed service to clients after the Retail Distribution Review takes effect at the start of 2013, according to a poll of 614 financial intermediaries by one of the largest UK investment platforms.
Old Mutual Asset Managers UK and Skandia Investment Group are to be combined into a single business.
The deVere Group, which calls itself the worlds largest independent international financial consultancy, said it is looking to recruit an additional 50 UK-based financial advisers over the next 12 to 18 months, as it expands its UK presence.
Two men and a woman have been jailed for their part in an offshore share scam which saw investors duped out of more than £4m ($6.5m, 4.9m) via two boiler rooms based in Spain and Ireland.
Having established business links with China, India, Russia and the Gulf, Jersey will shortly be exploring opportunities to promote its interests in Latin America, the Channel Islands Treasury & Resources minister, Philip Ozouf, revealed yesterday.