hmrc writes to 6000 hsbc geneva customers
HM Revenue & Customs has this week begun writing to 6,000 UK residents who hold or held accounts with HSBC in Geneva, Switzerland, inviting them to disclose any tax irregularities.
News
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ici global appoints policy director
ICI Global has appointed Giles Swan as director of global funds policy.
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kleinwort benson names wealth management head
Stephen Rothwell has been named as Kleinwort Bensons new head of wealth management taking over from interim head Guy McGlashan.
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sanlam buys majority stake in Swiss tax firm
Sanlam Private Investments (SPI), part of South Africa-based Sanlam Group, has acquired a majority share in Summit Trust International a Swiss international fiduciary and tax services company.
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fidelity fundsnetwork adds further offshore funds
Fidelity FundsNetwork has extended the range of offshore funds available on its platform.
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syz expands its fund research team
Swiss banking group Syz & Co has announced two new appointments to Syz Fund Research, its fund analysis and long only manager selection service.
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dexia am opens in dubai
Dexia Asset Management has opened its first office in Dubai as it plans to broaden its distribution in the Middle East and North Africa region.
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nikko am plans tokyo flotation
Nikko Asset Management, the Japan-based fund manager which is seeking to expand its footprint in southeast Asia, plans to list on the Tokyo Stock Exchange next month.
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morningstar adopts new rating scale
Morningstar has launched its new global fund rating scale, which replaces its previous qualitative ratings and is due to be adopted by OBSR next year.
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prudential rebrands asia asset management arm
Prudential is re-branding its Asia asset management operations Eastspring Investments, as it plans to expand its offering in Europe and Asia and to enter the North American market.
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ubs wm hires three in mexico
UBS has bolstered its wealth management division in Mexico, with the appointments of Jaime Lopez Hidalgo Preciado, Gabriel Gomez Zaragoza and Enrique Ignacio Morales Abiega.
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manulife to enter cambodia market
Canadian insurance giant Manulife said it has received approval in principle from Cambodias Ministry of Economy and Finance to set up a wholly foreign-owned life insurance operation in the country.