Swiss sign ‘FATCA on steroids’ deals with Crown dependencies
Switzerland has signed joint declarations on the automatic exchange of information (AEOI), described as “FATCA on steroids”, with Jersey, Guernsey, and the Isle of Man.
Switzerland
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Lombard Odier IM and ETF Securities add GBP-hedged ETF class
Lombard Odier Investment Managers has broadened the product range it offers through its partnership with ETF Securities by listing a GBP-hedged share class of its Global Corporate Bond Fundamental ETF on the London Stock Exchange.
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Julius Baer creates new investment management division
Swiss private banking group Julius Baer will launch a new investment management (IM) division, to be headed by Yves Henri Bonzon, formerly of Pictet Wealth Management.
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FEIFA partners with GAM
The Federation of European Independent Financial Advisers (FEIFA) has partnered with Zurich-headquartered global asset management firm GAM.
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Julius Baer steps up UK push with four hires
Julius Baer has hired Annabel Bosman, Damien Crommie, Matthew Garnham and Jamie Banks to the firm’s London office.
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Neptune hires Swiss head to boost country growth
Independent fund management company Neptune Investment Management has appointed a head of Switzerland as it looks to grow its business in the country.
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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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RSA share price rises as Zurich Insurance eyes takeover
The Zurich Insurance Group is considering a bid for UK-listed RSA Insurance.
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RBC to sell Swiss arm as it increases Asian focus
The Royal Bank of Canada will sell its Switzerland-based private banking business to the SYZ Group so it can focus increasingly on Asia and the British Isles.
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Julius Baer to pay $350m for US tax evasion
Swiss bank Julius Baer has set aside $350m to settle tax evasion allegations with US tax authorities, significantly reducing the time accountholders have to voluntarily disclose their details at a reduced penalty.
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Carmignac strengthens Swiss ties with new office
Paris-based fund manager, Carmignac, continues its expansion in Europe with the opening of an office in Zurich.
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Swiss compliance service launched for asset managers
A service to help Swiss asset management firms comply with new rules introduced by the Swiss Financial Market Supervisory Authority has been launched.