STM life subsidiaries suffer regulatory setback
But group states that ‘no action has been taken’ by the Gibraltar watchdog
Gibraltar
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Why Gibraltar is an attractive hub for family offices
Managing large sums of wealth effectively is a ‘demanding job’
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£10m Gibraltar Qrops case gets green light for UK trial
62 investors allege they received ‘unsuitable’ pension transfer advice
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Gibraltar business buys Swiss private bank
It presents a ‘great opportunity to enhance our services’
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‘Frustrating’ second half weighs on STM Group results
But not its acquisition ambitions, as the company looks to add scale to its UK operation
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62 investors lose bid to sue Gibraltar Qrops trustee in UK
Judge said they failed to establish a ‘good arguable case’ for it to take place in Britain
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Post-Brexit Gibraltar still seeking clarity
Unclear if European regulators will have issues with EU residents transferring to a Gibraltar Qrops
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STM Group sells Gibraltar trust business for £2.45m
Proceeds will be used to ‘fund organic growth opportunities and further support’ its M&A strategy
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Sovereign Group completes double M&A swoop
It has bought a tax advice firm in Portugal and a trust company in Gibraltar
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UK Financial Services Bill enters parliament
As it aims to ‘deliver long-term market access’ with Gibraltar, as well as ‘limit’ Brexit disruptions
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STM Group reaches agreement with Gibraltar regulator
Status of its subsidiaries in the British overseas territory remains unchanged
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Blacktower granted Cyprus licence
As firm looks to ‘Brexit-proof’ its European business