KKR to open office in Dubai
Kohlberg Kravis Roberts (KKR) is to open an office in Dubai, to be operated through a newly-formed subsidiary.
News
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Old Mutual AM expanding offshore platform with 2 new funds
Old Mutual Asset Managers (UK) is to launch two new Dublin-domiciled offshore funds, one of which will be a global equity absolute return fund. The other, known as the Old Mutual UK Dynamic Equity
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Jersey Finance appoints head of new Hong Kong office
Jersey Finance has named a Shanghai native, Zhaoan Li, to head up its new Hong Kong office.
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FSA announces review of structured products
The UK Financial Services Authority said it is to look into the way structured products are sold in the UK, as it follows up on consumer complaints about such plans that had been backed by Lehman Brothers, the US investment bank that collapsed last year. In a statement, the City watchdog said it and the Financial…
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Lehman’s global asset management arm rises from the ashes
New York-based Investment manager Neuberger Berman has formed a European arm with the successful acquisition of Lehman Brothers Asset Management from the entities in administration.
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Zurich launches portfolio bond
Zurich has launched a portfolio bond from its Dublin operation. The International Portfolio Bond (IPB) will initially be targeted at the UK high net worth market but Zurich said it could later be p
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Tax haven myths busted: legitimate reasons to go offshore (and also, why some prefer to keep it a
One of the biggest surprises for many Kaupthing, Singer & Friedlander Isle of Man depositors who lost access to their savings when the bank collapsed last October has been the lack of sympathy…
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London & Colonial inks Organon QROPS deal
London & Colonial, a Gibraltar based insurer, has signed a distribution deal with UK offshore pension specialist the Organon Group through which its pension and investment services will be wrapped wit
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BNY Mellon launches Dublin-domiciled emerging markets fund
BNY Mellon Asset Management is launching a Dublin-domiciled global emerging market equity fund.
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Tax haven myths busted: legitimate reasons to bank offshore
Offshore bank account holders have been criticised of late for choosing to deposit their money in so-called tax havens. However, there are many legitimate reasons to bank offshore and here we explore
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Malta link in FSA boiler room arrests
The anti-money laundering unit of the Malta Police, along with a number of UK and European law enforcement bodies, was involved in an investigation that led to the arrest in the UK on Wednesday of sev
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A guide to Islamic finance
Mufti Talha Ahmad Azami, associate Sharia manager BMB Islamic, a global player in the Shariah advisory sector, outlines the guiding principles of Islamic finance.