Middle East | 24 May 17
Globaleye names wealth head in bid to up UAE advice standards
Dubai-headquartered Globaleye has appointed a new head of wealth management to oversee the quality of its advice to clients, raise standards and ensure the company complies with the new rules emerging in the UAE.
Best Practice | 24 May 17
Abu Dhabi creates will registry for expats
Abu Dhabi has created a new register of wills for non-Muslim expats living and working in the UAE, which may allow them to circumvent Sharia law when estate planning.
UK fraudsters fined £2m over property scam
A long-running investigation by the UK’s Financial Conduct Authority (FCA) has finally ended after eight men were convicted and fined over £2m (€2.3m, $2.5m) for running a property scam which conned investors out of more than £4.3m.
OCBC opens Indonesia wealth unit amid tax amnesty success
Singapore’s OCBC Bank has launched an onshore private banking business, spurred by Indonesia’s tax amnesty.
Macro Views | 24 May 17
Warning of ‘volatile summer for markets’ due to Trump and China
Financial markets could turn volatile this summer after one of the biggest multi-asset investing teams in the City of London warned its forecasting models were indicating possible trouble ahead.