Global private client merger called off
Firms say ‘now is not the right time to combine the businesses’
PraxisIFM
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Global private client firms to merge
Combined group will have offices in 17 jurisdictions and a headcount of more than 700 people
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Cross-border pension firm enters international Sipp market
Product is specifically designed for British expats following demand from advisers
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Praxis second acquisition boosts pension offering
PraxisIFM is extending its pension services with the acquisition of a 50% stake in RiskCo Group in the Netherlands.
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Praxis buys Netherlands trust business
PraxisIFM, the Channel Islands-based trust, funds and corporate services firm, has bought the Netherlands’ Kompas International for an undisclosed sum, adding to an already extensive global footprint.
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PEOPLE MOVES: Barings, BNP Paribas, PraxisIFM
Baring Asset Management’s heads of EMEA wholesale distribution and global marketing have left the business. BNP Paribas AM has a new Asia Pacific head of institutional sales and currencies portfolio manager. Channel Islands-based PraxisIFM is focusing on client risk with its latest promotion.
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PEOPLE MOVES: Brewin Dolphin, 1825, Julius Baer International
Brewin Dolphin has named its new chief operating officer, while Standard Life’s 1825 has poached a regional managing director from St James’s Place. Julius Baer International has appointed a head of compliance for the UK and Ireland.
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PEOPLE MOVES: Indosuez, Zedra, PraxisIFM
Indosuez Wealth Management has appointed a head of markets and investment solutions for Hong Kong, while Zedra has made three senior hires. PraxisIFM has created a group finance director role following the firm’s expansion in 2016.
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PraxisIFM boosts Middle East growth with acquisition
Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.
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PEOPLE MOVES: Generali, Schroders, Standard Chartered
Generali has confirmed that a top executive in Asia has resigned, while a Schroders veteran is set to leave the company after a recent corporate restructure saw his role disappear. Standard Chartered, meanwhile, has named a heavy hitter from the IMF as its next chairman and appointed a private banking regional head in Asia.
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PraxisIFM acquisition expands Swiss and African presence
Channel Islands-based financial services group PraxisIFM has acquired Ampersand Management, a fiduciary and corporate governance consultancy, to enhance its presence in Switzerland and expand the company’s footprint in Africa.
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Guernsey directors fined for anti-money laundering failings
Four executive directors of Guernsey financial services and former QROPS provider Confiance Limited have been fined, and in three cases also banned from performing key functions for five years.