News
People Moves | news 10 May 16
PEOPLE MOVES: Barclays WIM, Rothschild, Bedrock…
Barclays Wealth & Investment Management confirmed the departure of its long-serving managing director, with Edmond de Rothschild replacing its outgoing chief executive and Bedrock snaring its new managing partner from Coutts.
Vanguard eyes fund, ETF launches in HK
ETFs could get a boost when they are allowed to be traded through the stock connect programmes, according to James Martielli, Vanguard’s head of portfolio review for Asia.
Tax & Regulation | news 9 May 16
More than $12trn from emerging markets in offshore accounts
More than $12trn (£8trn, 10.5trn) has been taken out of emerging economies such as China and Russia and stashed in offshore accounts, new data from advocacy group the Tax Justice Network (TJN) has revealed.
Middle East | news 9 May 16
DIFC begins liquidating Bank Sarasin Alpen in Dubai
The court of the Dubai International Financial Centre (DIFC) has begun is first non-voluntary winding up of a company under its jurisdiction as it enforces a ruling against a private bank which failed to pay a fine in a long-running financial mis-selling case.
Commodities | news 9 May 16
WisdomTree launches commodity Ucits ETF on London exchange
ETF and ETP sponsor WisdomTree launched its first broad-based Enhanced Commodity Ucits ETF on the London Stock Exchange on Monday.