efg asset management re shuffles senior
EFG Asset Management, the fund management arm of EFG International, has re-shuffled its Hong Kong-based senior management team, introducing two new roles.
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draft gaar legislation published as uk
The UK government is ploughing ahead with plans to introduce a General Anti-Avoidance Rule, and has today published draft legislation and begun a formal consultation process with HM Revenue & Customs and members of the tax industry.
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kleinwort benson creates senior role
Kleinwort Benson has named Clive Wright head of private wealth management offshore, a new position, as the company looks to boost its business in the cross-jurisdictional, high net worth and ultra-high net worth wealth management sectors.
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liechtenstein agreement attracts 2400
More than 2,400 people have come forward to disclose undeclared foreign assets through the Liechtenstein Disclosure Facility, according to HM Revenue & Customs, which says it may now bring in as much as three times the £1bn in revenue it was projected to.
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vontobel unveils high yield bond fund
Swiss-based Vontobel has launched a Luxembourg-domiciled high yield bond fund targeting an annual return of between 5% and 9%.
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globaleye opens flagship europe office
Globaleye, a UAE headquartered advisory firm, has opened an office in Geneva, its first in mainland Europe and one it said will be its flagship on the continent.
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ifas face a challenge when choosing platforms
When you go to buy a sports car, you kick the tyres, take it for a test drive; clothes are even easier you try them on. But how does an IFA choose an international platform for his clients?
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manager changes as invesco hong kong loses ho
Samantha Ho has left Invesco Hong Kong with Mike Shiao and Joseph Tang taking over her fund management responsibilities.
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irs issues new drafts of w 8ben forms to
The American tax collection agency, the IRS, has updated and issued new drafts of the W-8BEN and W-8BEN-E forms as it gears up for the implementation of FATCA next year.
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many non us businesses still far from fatca ready
There are major gaps in the readiness of the worlds compliance industry to comply, on 1 Jan 2013, with the pending implementation of the US Foreign Account Tax Compliance Act, a new survey conducted by Thomson Reuters reveals.
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hsbc oman and oib merger completes
The merger of HSBC Oman and Oman International Bank (OIB) to form HSBC Bank Oman has been officially approved and began its operations on Monday this week.
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fsa rubber stamps advice offshore products
The Financial Services Authoritys new publication of its final guidance on independent and restricted advice underlines the important point that IFAs must cover all suitable products in the advice process, including offshore bonds.