Industry
DeVere closes Miami office
International advisory firm deVere Group has closed its Miami office, one of its two major hubs in the US, following the company’s “strategic review” announced earlier this year.
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.