deutsche and guggenheim discuss deal
Deutsche Bank has entered into exclusive negotiations with US-headquartered financial services firm Guggenheim Partners, regarding the sale of several parts of its asset management division.
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guernsey looks at fatca partnership with us
Guernsey’s income tax authorities are looking at whether the island should join the UK, France, Germany, Italy and Spain by joining forces with the US to exchange information on individuals with accounts within its borders, a Guernsey newspaper reported yesterday.
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expats still living the dream survey finds
Expatriate Britons are continuing to live the dream despite the downturn in global economic prospects over the past five years, according to the latest instalment of the NatWest International Personal Banking (NatWest IPB) Quality of Life Index.
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guardian wm opens in hk and plans asia push
Advisory firm Guardian Wealth Management has opened an office in Hong Kong, and intends to launch further operations in Malaysia, Singapore and mainland China.
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38 percent of mideast advisers positive on 2012
Financial intermediaries in the Middle East are relatively cautious about the outlook over the next ten months, with just 38% of some 207 surveyed by Invesco on 1 Feb saying they had a positive view on prospects for growth this year.
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hk plans for insurance comp scheme worry industry
Hong Kongs insurance industry is fuming over government plans to implement a compensation scheme that would pay policyholders in the event that an insurer were to collapse, the South China Morning Post said today.
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gam to acquire arkos capital
Fund group GAM has announced plans to purchase Arkos Capital, a Swiss long/short investment firm with CHF664m in assets under management.
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barclays blocked from using highly abusive
Barclays has been blocked by the UK government from using two highly abusive tax avoidance schemes, which it is claimed would have cost the UK Treasury around £500m in lost revenue.
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latam growth means opportunities says state street
BMCCP may not as easy to pronounce as BRIC, but the prospects for growth in Brazil, Mexico, Chile, Colombia and Peru are nonetheless significant, according to a just-released State Street report on Latin America.
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lloyds tsb international closes hong kong office
Lloyds TSB International has closed its representative office in Hong Kong as part of a strategy to only focus on geographies where it believes it can build scale.
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trail allowed and no budge on legacy but fsa
The FSA today aimed to allay confusion surrounding legacy and trail commission post-RDR, but warned it would maintain a close supervisory eye on intermediaries’ behaviour to detect any foul play.
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uhy adds tunisian firm to network
UHY International, the global accountancy network, has added a Tunisian firm, CNBA, to its network as it looks to boost its coverage of North Africa.