Gibraltar looks to establish private foundations
Gibraltar’s Government has released a public consultation on the establishment of private foundations, in a bid to level the playing field with other jurisdictions.
Jersey
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Elian announces two strategic leadership changes
Global corporate services provider Elian announced two strategic changes to its senior leadership team on Tuesday.
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Sanditon to launch offshore fund for Julie Dean
Sanditon Asset Management is to launch an offshore mirror of Julie Dean’s UK Fund, through a Dublin ICAV structure.
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Pitfalls in drawing income from offshore pension plans
Having saved for most of their life to amass an income to use in retirement, most people get to a certain age and start to think about drawing on those financial reserves as they wind down from the daily grind.
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Standard Bank promotes Peake to CFO
Standard Bank has promoted Jonathan Peake to chief financial officer, handing him responsibility for the finance and treasury teams across its offshore businesses in Jersey, Isle of Man and Mauritius.
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Elian partners SEI to offer customised investment management
Global corporate services provider Elian has formed a partnership with SEI to offer an investment proposition to clients, after getting an investment business licence from Jersey’s financial regulator.
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Jersey funds using private placement under AIFMD jump 10%
The number of Jersey funds being given access to Europe through private placement regimes under the EU Alternative Investment Fund Managers Directive (AIFMD) has risen by 10% in six months, figures from the Jersey Financial Services Commission reveal.
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ESMA recommends six non-EU nations for AIFMD passport
The European Securities and Markets Authority (ESMA) has recommended that six countries should be among the first wave of non-EU countries to get access to a Europe-wide passport under the Alternative Investment Fund Managers Directive (AIFMD).
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Tax avoidance ‘sham’ defeated in tribunal by HMRC
HM Revenue & Customs has won a legal battle against a £29m offshore tax avoidance scheme where money was supposed to fund research into brain disorders.
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IAM Advisory reappoints CIO
Independent investment advisory firm IAM Advisory has reappointed its old chief investment officer after a seven year break from the role.
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Jersey foreign direct investment passes £65bn
Jersey has attracted more than $65bn and distributed over $75bn annually, according to a new report commissioned by Jersey Finance, the representative body for the crown dependency’s financial community.
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Barclays appoints Channel Is head of offshore funds
Barclays has appointed Steve Rickards to lead the creation and implementation of the bank’s offshore funds strategy.