Cayman Islands
Cayman-based Bernie Madoff feeder fund author of own demise
After a 12-week trial, liquidated Cayman Islands investment fund Primeo, which invested with infamous Ponzi scheme Bernard L Madoff Investment Securities (BLMIS), was found to be “to a very substantial degree the author of its own misfortune”, a judge has ruled.
High net worth clients to bear brunt of Belgian tax reform
High net worth individuals might end up footing the bill for the forthcoming corporate income tax overhaul in Belgium.
Bob Pain steps down as chairman of Investors Trust Assurance
Bob Pain has resigned as chairman of the board of Cayman Island-based international life company Investors Trust Assurance SPC as of 1 June 2017.
SMP Partners buys Royal Bank of Canada offices in Caribbean
Isle of Man headquartered SMP Partners Group has acquired offices in the Cayman Islands and Barbados following completion of its purchase of Royal Bank of Canada’s trust, fund administration and custodian business in the Caribbean.
Adviser network Nexus Global expands to Latin America
European IFA network Nexus Global (NXG) has expanded to Latin America with the addition of EBG International, a Chile-based advice firm that focuses on the financial planning needs of international executives across the region.