Europe
HSBC PB Switzerland to pay $192m for US tax evasion case
It maintained accounts in names of nominee entities established in the BVI, Liechtenstein and Panama
PEOPLE MOVES: Kingswood, 7IM, HSBC Private Bank
Three senior promotions and a hire at wealth firm, while investment manager’s co-founder retires
PEOPLE MOVES: Axa, LGIM, Aviva
Insurer names group chief innovation officer, while investment manager hires compliance chief
Julius Baer sets aside CHF153m for East German legacy case
Private bank will appeal to the Swiss Federal Supreme Court
American investment firm inks third Italy deal in six months
As it expands distribution channels in the country