Europe
J. Safra Sarasin buys Credit Suisse’s Gibraltar, Monaco arms
Swiss private banking firm J. Safra Sarasin is set to acquire Credit Suisse’s operations in Gibraltar and Monaco, the company has announced.
Guernsey funds enjoy year-on-year growth, now worth £230bn
The funds business in Guernsey is now worth £227.6bn ($323.7bn, €288.2bn) – a year-on-year increase of £8.2bn in net asset value, data from the Guernsey Financial Services Commission (GFSC) has revealed.
Alternatives | 22 Mar 16
‘Unprecedented’ global ageing to drive investment, says PGIM
The record rise in the world’s elderly population will increase investment opportunities in real estate, healthcare and technology, according to a new survey published by PGIM, the global investment management businesses of Prudential Financial.
Fears of rising depositary fees follow Ucits V introduction
The introduction of a new law governing Ucits could lead to an increase in fees charged by depositary banks responsible for holding the funds, industry experts have warned.
Efama urges EU to create Europe-wide pension produc
The European Fund and Asset Management Association (Efama) has urged the European Commission to create a standardised Pan-European personal pension product (Pepp) – in response to ongoing plans to create a single market for financial retail products.