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Jersey’s Harris warns of potential knock-on effects to Jersey of Brexit’s impact on UK

By: Helen Burggraf | 21 Jul 2017

John Harris, director-general of the Jersey Financial Services Commission, has told a recent Institute of Directors gathering that although Jersey’s financial services industry is “doing well” at…

4.2m Eurozone expats in limbo as Brexit talks stall

By: Gary Robinson | 21 Jul 2017

More than 4.2m expats across Europe are in limbo over their future status in the EU and the UK as Brexit talks stalled yesterday. A row over…

Italian tax police demand details on 10,000 Swiss bank accounts

By: Eugene Costello | 21 Jul 2017

Italy’s tax authorities are pressing their Swiss counterparts for details relating to some $8bn held in 10,000 bank accounts by Italian citizens. Switzerland’s Federal Tax Administration is…

PEOPLE MOVES: Fidelity, Brooks Macdonald, Aberdeen, Weatherbys

By: Eugene Costello | 21 Jul 2017

Fidelity Fidelity International has boosted its multi asset team, with the news that it has appointed of Chris Forgan (pictured left) as co-portfolio manager. Forgan will be…

Canada launches consultation into limiting use of corporations for HNWI tax planning

By: Helen Burggraf | 21 Jul 2017

The Canadian government this week has launched a consultation into whether the use of private corporations by wealthy individuals for begun consulting on proposals to restrict high-income…

BOOK REVIEW: ‘The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets’

By: Gerry Brown | 21 Jul 2017

Successful investors are often viewed like celebrity chefs, with much time and effort spent by their acolytes, students and rivals alike in analysing their “recipes” for success.…

EFAMA and AMIC launch joint report on fund leverage in Europe

By: Lauren Lamont | 20 Jul 2017

The European Fund and Asset Management Association (EFAMA) and Asset Management and Investors Council (AMIC) have published a joint report, analysing the use of leverage in investment…

Credit Suisse targets Saudi Arabia for private banking push

By: Eugene Costello | 20 Jul 2017

Credit Suisse has announced a recruitment drive for private bankers – “relationship managers” – to support its expansion into Saudi Arabia for both its wealth management business…

Jersey-born Crocodile Dundee ‘tax fraudster’ to fight extradition

By: Eugene Costello | 20 Jul 2017

The notorious case of the Jerseyman sought down under to face criminal proceedings for allegedly masterminding the biggest tax fraud in Australian history, involving clients such as…

FCA slam property fund providers amid liquidity risks concerns

By: Gary Robinson | 20 Jul 2017

The UK financial services regulator has warned open-ended property fund providers to improve their practices after finding that they “did not adequately plan” for the spate of fund…

Prudential and CT Corp create Indonesia life insurance JV

By: Gary Robinson | 20 Jul 2017

US life giant Prudential Financial and Indonesian consumer-focused business group CT Corp have created a joint venture to provide life insurance solutions to the Indonesian and Asian marketplace.…

Isle of Man moves to address skilled worker shortage

By: Eugene Costello | 20 Jul 2017

As concerns over a possible shortage of skilled workers caused by Brexit is causing some banks to consider relocating some of their UK staff to Paris and…

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