Nexus expands into Qatar and launches Takaful product
Nexus, one of the largest IFA firms in the Middle East, has opened a Qatar office following regulatory approval from the Financial Centre Regulatory Authority.
News
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UK funds hold assets worth more double national GDP
UK investors are Europe’s biggest users of collective investment funds, with British asset managers holding the equivalent of more than twice the country’s GDP in assets under management at the end of
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Bank of Scotland Intl launches new FTSE 100-linked structured product
Bank of Scotland International has brought out a new version of a five-year sterling-denominated structured product that aims to give investors exposure to the FTSE 100 index, while protecting their o
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Alternative investment industry officials criticise draft EU draft directive
Private equity industry and hedge fund groups have responded to todays publication of a new draft European directive aimed at the alternative investment industry by saying it fails to address the t
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Isle of Man hails prospect of better recovery for KS&F depositors
The Isle of Man government says new information from the UK arm of Kaupthing Singer & Friedlander could mean “quicker and higher recoveries” for depositors caught in the collapse of the Icelandic bank
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Luxembourg funds industry slumps for first time
Assets under management in Luxembourg funds dropped for the first time in 2008, according to data provider Lipper.
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Major US employment agency opens Dubai office
Robert Half International, a New York Stock Exchange-traded American staffing giant, has opened an office in Dubai, just as many laid-off US and UK financial services executives are contemplating foll
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EFAMA urges European fund managers to rise
The head of the main European fund management association called on EU fund houses to rise to the challenge of rebuilding investor trust and offering innovative products to appeal to risk-wary investo
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Cazenove unveils Channel Islands financial planning business
Cazenove Capital Management has appointed Nick Carter, formerly of Synergy Financial Services, to lead its Jersey financial planning operation.
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Offshore bond industry may get budget boost
Trustees are being urged to make greater use of offshore bonds ahead of a 10% hike in both their UK income and dividend tax rates from April 2010.
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UK offshore centres breathe sigh of relief as Foot interim report released
Government officials from such jurisdictions as Jersey and the Isle of Man expressed support for findings contained in Michael Foots interim report on offshore financial centres, released late yester
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European insurance sector fund launched
Quantum Group and Nucleus Euro-Advisers are launching a Luxembourg-regulated and domiciled fund investing in the European insurance sector.