News
People Moves | news 8 Mar 16
PEOPLE MOVES: FPI, Source, Old Mutual…
FPI has named a new financial director and Source has appointed a UK chief executive. In spite of break-up rumours, Old Mutual Wealth has hired a head of proposition from Sanlam. Both Vonobel and Aviva Investors announced departures.
Vote for Brexit to bash Brussels bureaucrats – Varoufakis
Yanis Varoufakis would find it hard to resist voting for Brexit if he were British, he said at a Pan-European Congress hosted by International Adviser’s sister publication Expert Investor in Rome last Friday. However, his wish is not going to materialise, congress delegates believe.
HSBC GAM launches Eurozone fund
HSBC Global Asset Management has launched a multi-asset fund in Hong Kong and expects Eurozone economic growth picking up in 2016.
Tax & Regulation | news 7 Mar 16
Senior Managers Regime comes into force in UK
The UK’s new senior managers regime, designed to hold bankers and insurance managers accountable for misconduct in areas under their responsibility, has come into force and will apply equally to officers of the Financial conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
North America | news 7 Mar 16
US-Swiss FATCA exception clause very narrow
Despite the recent FATCA carve-out agreed between the US and Switzerland, US citizens looking to circumvent their tax reporting obligations will have to look further afield if they want to avoid declaring their offshore assets.