Managers of Wealth Offshore

Cramer Closes Bahamas Chapter

A long story comes to an end: Cramer wanted to get rid of its Bahamas branch in the summer of 2016 and planned to sell it to a group that included IXE Holding, IPG Securities and TR4 Holding.

7IM hires Rathbones director to launch Jersey office

‘We continue to see strong demand in Jersey for our discretionary investment services and platform.

Butterfield Reports First Quarter 2018 Results

The core efficiency ratio1 for the first quarter of 2018 was 62.3% compared with 65.4% in the previous quarter and 62.5% in the first quarter of 2017.

Schroders targets wealth management growth

Schroders’ wealth management business has operations in the Channel Islands, Gibraltar, Switzerland, Hong Kong and Singapore, as well as Britain, Germany, Italy and Spain.

Results of Butterfield AGM Vote

Each of the proposals numbered 1 through 6 on the Meeting Agenda was approved by the requisite vote, including the election as directors of all persons nominated.

Prestigious speakers at SGG Crossroads event

This exclusive event will focus on how ‘the finance industry can contribute to a better society’. It will attract an international executive audience of 150 participants active in the alternative fund industry: asset managers as well as lawyer

Vistra Continues Global Expansion with the Launch of a New Canada Office

This new office will complement our existing offices in North America and further strengthen the experience and expertise we can provide to our clients in this critical region.

Chinese Firm Wraps Up Liechtenstein Bank

The Vaduz-based private bank's assets stood at more than one billion Swiss francs ($1.04 billion) in October, when the deal was first disclosed.

Investment manager grows

As a result net new business is growing strongly, increasing the value of our discretionary funds under management and our revenues, which are contributing significantly to the group’s overall growth,’ he said.

PraxisIFM adds to Netherlands presence

The acquisition was announced in November 2017 and completed on 30 March 2018.

Guernsey sets out green investment agenda

Compliance with green criteria will be required and it will be open to all types of funds.

Butterfield Completes Acquisition of Deutsche Bank Global Trust Solutions

As part of the acquisition, Butterfield established a Singapore trust company.

Jersey and Abu Dhabi sign financial collaboration agreement

The partnership reinforces ADGM’s commitment, as an international financial centre to enhance and build stronger collaborations with company registries in other jurisdictions.

Momentum Wealth and Provisca part company

Guernsey-based platform Momentum Wealth International is bringing its marketing and distribution back in-house and has ended its contract with Provisca, which had been providing these services.

Standard Bank reports strong 2017

Standard Bank Wealth International is 100 per cent owned by Standard Bank Group, the largest bank in Africa by assets

Fund administrators have to embrace change fast, thinks ZEDRA

A good fund administrator knows that whilst the investment manager drives performance, it is the administrator who assumes the pivotal role of ensuring that the fund meets its wide-ranging legal and regulatory obligations.

Jersey’s philanthropy goal

The number of global ultra-wealthy people, with a net worth of $30m or more, is forecast to grow to 299,000 by 2021.

Vistra makes another acquisition

This sees Vistra’s presence in Ireland grow significantly, following the acquisition of Dublin based Squires Gilbride last month and the acquisition of the Corporate Services business of Deutsche Bank’s Global Transaction Banking division anno

Pictet Closes Booking Centers for Independent Asset Managers

Pictet Asset Services is the custody bank and fund administration division of Geneva-based bank Pictet.

Brooks Macdonald reports on new business

Across the group, Brooks Macdonald saw a 25.8 per cent year-on-year increase in total discretionary FUM, reaching £11.7bn at 31 December, and a 10.9 per cent increase in revenue, driven by growth across its UK investment and funds businesses and its

Wealth and Asset Management