Hong Kong’s anxious wealth managers
Economic headwinds, technology shortfalls, regulatory burdens, and talent gaps plague sector
KPMG
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Gender should be ‘irrelevant’ in financial services
IA spoke to prominent women in the Isle of Man financial services sector to discuss progress and change
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PEOPLE MOVES: KPMG, Standard Life, Axa, Barclays Wealth
Six appointments for both KPMG and Barclays Wealth, while Axa UK gets a new chief financial officer
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PEOPLE MOVES: KPMG, Investors Trust, Carrick
KPMG appoints HM Revenue & Customs’ Panama and Paradise Papers lead, Investors Trust recruits from RL360° and another deVere alum has joined Carrick.
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How to advise a family business
Providing financial advice to a family running a business is complex, according to a Europe-wide study that highlighted challenges around growing a business and managing its wealth across generations.
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Honest taxpayers in HMRC’s sights
Steeper fines under HM Revenue & Customs’ requirement to correct (RTC) regime are just the start of changes that could catch out law-abiding taxpayers, according to KPMG’s head of tax investigations.
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EU single market to be ‘fragmented’ by MiFID II, says KPMG
Stark differences in regulatory interpretation among the 28 members of the European Union means that far-reaching reforms covering all aspects of the financial markets could end up defying their purpose and result in a “fragmented” single market.
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Radical shakeup of Swiss private banks needed
Swiss private banks are failing to address rapidly declining profitability and are too focused on defensive measures to implement a radical transformation that will allow them to generate competitive advantage and sustainable growth, says KPMG.
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PEOPLE MOVES: Manulife, Sanlam UK, GAM
Manulife Hong Kong has a new chief financial officer, while Sanlam UK has raided Close Brothers Asset Management to find a chief executive for its new private office proposition. GAM has poached its new representative director and president for Japan from Schroder Investment Management.
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Isle of Man managing director for KPMG dies
Global audit, tax and advisory services firm KPMG has announced that the “much-loved” managing director of its Isle of Man practice, Mike Fayle, died on Saturday at the age of 63.
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Canada vows to curb tax dodgers amid KPMG offshore scandal
Canadian prime minister Justin Trudeau has vowed to do a “better job” tackling tax evasion and tax avoidance following a high-profile exposé into how wealthy individuals used an Isle of Man-linked offshore scheme to avoid paying C$130m (£79m, $97m, €91m) in taxes.
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KPMG blasts Harlequin boss over investor pay-back plan
The independent trustee of Harlequin Property, the £400m ($509m, €454m) overseas property scheme facing ruin, has blasted the company’s chairman David Ames over how he intends to pay back stricken investors.