News
Jersey and Guernsey removed from Italian blacklist
Jersey and Guernsey will no longer appear on Italy’s tax blacklist, after the Italian parliament revised provisions in the country’s tax code relating to blacklists on corporate taxation and controlled foreign companies (CFC) rules.
People Moves | news 7 Jan 16
Hunt for new FCA chief wide open as acting CEO withdraws
The acting head of the Financial Conduct Authority (FCA), Tracey McDermott, has ruled herself out of taking on the job full-time, according to UK chancellor George Osborne.
People Moves | news 7 Jan 16
PEOPLE MOVES: Schroders, State Street, Artemis…
Several senior appointments were announced this week, with Schroders creating a new role, Artemis appointing a new chief investment officer, and State Street Global Advisors naming a new fund head in the Netherlands.
China’s second seven percent slump spooks markets
China’s stock market slumped by 7% for the second time this week, sending other indices around the world including the FTSE 100 down sharply as well.
Beechwood acquires Old Mutual Bermuda
Beechwood Bermuda, a provider of international investment plans, has completed its acquisition of Old Mutual (Bermuda), which had insurance and investment products with over $1bn in assets.