Europe
Investors take refuge in the dollar
European investors hoarded cash in May. As Brexit-induced uncertainty dominated markets, they poured a net €14bn (£10.8bn, $15.8bn) into USD money market funds, according to Lipper fund flows data.
IFA warns of capital gains tax hike on expat homes in Europe
British expats living in Europe could be hit with higher rates of capital gains tax (CGT) on their homes if Britain decides to leave the European Union on Thursday, international IFA firm Blevins Franks has warned.
Alexander Beard partners with French wealth management firm
KMH Gestion Privée and UK-headquartered international financial services company Alexander Beard Group have set up a joint venture to assist companies looking to set up shop in France and provide French and UK nationals with wealth management and pension transfers services.
Best Practice | 21 Jun 16
Axa unveils business transformation plan
French insurance giant Axa has unveiled a five-year strategic plan aimed at transforming the company’s business model from “payer to partner”.
Zedra eyes acquisition in Luxembourg
Trust and fiduciary specialist Zedra is eyeing an acquisition in Luxembourg with a view to making it a key jurisdiction in its five-year plan for the group business.