Tax & Technical | 19 Apr 12
when the shoreline gets blurred
A Canadian court recently ruled that a trust can be viewed similarly to a company, with its activities judged on where they take place. Prudentials Gerry Brown says in light of this it is important to ensure offshore activities remain offshore.
nordea opens sov bond fund with real view of risk
Financial services group Nordea has launched an actively-managed European government bond fund which assesses risk based on credit default swap spreads, rather than relying on data from third-party credit rating agencies such as Fitch, Moodys and Standard & Poors.
centurion brings global population strategy
Centurion Fund Managers is launching its Global Population Index Structured Note into the European market, following a launch into Asia last month.
Middle East | 19 Apr 12
hsbc bank middle east agrees deal to merge
HSBC Bank Middle East, a wholly-owned subsidiary of HSBC Holdings, has entered into an agreement to merge its Oman branch and HSBC Oman with Oman International Bank.
singapores life insurance assn comments on fair
The Life Insurance Association of Singapore today used the city-states main newspaper, the Straits Times, to explain its support for a pending review of Singapores financial advisory industry unveiled last month at its 50th anniversary dinner.