EU adding two Commonwealth, one US territory to tax blacklist
EU officials are set to add the Bahamas, St Kitts and Nevis and the US Virgin Islands to its tax haven blacklist, taking the total number of jurisdictions on the list to nine.
Eastspring establishes onshore presence in China
Eastspring Investments has joined the growing list of foreign asset managers who have set up an investment management wholly-foreign owned enterprises (IM Wfoe) in China.
PEOPLE MOVES: KPMG, Investors Trust, Carrick
KPMG appoints HM Revenue & Customs’ Panama and Paradise Papers lead, Investors Trust recruits from RL360° and another deVere alum has joined Carrick.
Sanlam to take over Moroccan insurer in $1bn deal
Sanlam will take full control of Morocco’s Saham Finances for $1.05bn, and is actively looking for other acquisitions that will make it “number one, two or three” in the markets in which it operates.
FBI operation delayed shutdown of defunct British DFM
Insolvent discretionary fund manager Beaufort Securities was given a stay of execution by the UK regulator to allow the Federal Bureau of Investigation to finish its undercover operation, it has been revealed.