Stanhope appoints new head of
Stanhope Capital has appointed a new head of investment management to aid its recruitment and expansion in Switzerland.
Stanhope Capital has appointed a new head of investment management to aid its recruitment and expansion in Switzerland.
Mirabaud Asset Management has extended its European presence with the hiring of Joachim Suter to develop its Swiss market.
France and Switzerland have added a rider their tax information exchange agreement to allow France to request information about unidentified Swiss bank account holders.
Tax evaders no longer have a right to be informed when their information is disclosed to other countries, following a legal amendment approved by the Swiss Parliament.
A deal that would have enabled Germans with undeclared assets in Swiss institutions to pay the back taxes they owe without having their identities revealed is “dead and buried” because of public opposition, Bloomberg has reported.
Baring Asset Management has opened an office in Geneva‚ and named Véronique Fournier to head it up‚ in the new role of head of Switzerland and global head of private banking.
A former UBS bank executive pleaded not guilty in a federal court in Florida yesterday to fraud conspiracy charges in connection with a landmark US tax evasion case.
A private bank based in Zurich and founded just 13 years ago has become the second Swiss bank to close in the wake of US efforts to crack down on the use of such institutions by American taxpayers.
The Swiss government is to introduce new laws to ease the sharing of tax information with other states in line with OECD standards, but is to keep in place measures which mean targets must be notified of an investigation.
The Swiss government has signalled that it is close to starting a renegotiation of its savings tax agreement with the European Union and also indicated a more open stance to wider cooperation on tax matters with the rest of the world.
Switzerland moved a step closer on Monday to providing bank data to the American tax authorities, after the Swiss House of Representatives voted in favour of allowing Swiss banks to comply with the US Foreign Account Tax Compliance Act.
Unigestion, a Geneva-based institutional asset manager with more than $13bn in assets under management, has received a capital markets services licence from the Singaporean regulator, as it moves to expand its presence in Asia.