Managers of Wealth Offshore

Sovereign launches ‘lite’ version of Malta scheme; hires Tailford

Sovereign said the product is flexible in terms of investment options “accepting most life company bonds together with other asset management products”.

Apex Fund Services opens Jersey office

Apex Fund Services has announced the opening of its Jersey office and expansion of its presence in the Channel Islands.

Societe Generale Securities Services Mandated by Ocean Dial Asset Management

Ocean Dial Asset Management Limited was established in London in 2005 and is regulated by the Financial Conduct Authority. The firm specialises in investing in India.

Isle of Man based structured product targets up to 15% returns

It is aimed at the investor, via financial advisers, seeking medium to long-term capital growth for a moderate level of risk and will limit exposure to no more than 10% for each underlying counterparty.

Guernsey welcomed 89 new international insurers in 2013

The most recent information from the GFSC shows that Guernsey’s international insurance industry had gross assets, net worth and premiums of £22.90 billion, £9.34 billion and £4.63 billion respectively in 2012.

Cayman funds ahead of the curve

After spending much of the year in consultation with the industry, CIMA’s near-term regulatory approach is becoming clearer.

New Ocean Capital Management Launches Two New Reinsurance Investment Strategies

Chris McKeown, Chief Executive Officer of New Ocean, commented "It is extremely gratifying to attract such sophisticated and industry-leading investors to our platform.

Guernsey's Concept Group launches two Gibraltar QROPS

The Concept Group‚ one of the largest QROPS providers anywhere until HM Revenue & Customs de-listed almost all of Guernsey's schemes in April‚ is launching two new schemes in Gibraltar.

Offshore bond ‘flies in the face’ of HMRC rules

Axa claims the product is able to do this and provide the tax advantages of an offshore bond, because the investment decisions are outsourced to a discretionary fund manager.

President of Maldives invites Indian companies to invest in Maldives

He stated that the Maldives strategic location – a stone’s throw away from India – made it an ideal location for Indian investment.

Sagicor to get £86m from sale of its Europe business

The sale (of Sagicor at Lloyd’s) will return approximately US$130 million in cash capital to the group

Republic Bank (Barbados) Limited delisted from BSE

Barbadian investors will have one less company on the Barbados Stock Exchange

Why has 1MDB parked RM7.5b in Cayman Island?

Questions were raised in Parliament, but answers were not forthcoming.

Aon subsidiary company moves home from Gibraltar to Malta

It will broaden its domicile options for Protected Cell activities

Barbados Raises $150 Million From Foreign Investors

The Central Bank of Barbados Friday said the Freundel Stuart government had been able to secure US$150 million floating rate loan from regional and international investors.

Mario Carey Realty showcases the Bahamas to wealthy buyers at Shanghai luxury property show

As global markets shift and with interest of Asian markets escalating

Guernsey adds 33 new funds in Q3 2013

Taking into account licences rescinded, there was net growth of 17 funds during the period.

Old Mutual shifts Murphy’s UK Opps fund to absolute return sector

Old Mutual Global Investors has moved Simon Murphy’s £40m UK Opportunities fund to the IMA Targeted Absolute Return sector after merging its offshore and onshore versions.

Fitch Rates Bermuda’s $50M 2023 Bonds ‘AA-’

A statement from the ratings agency said, “The net proceeds from the issuance of the notes will be deposited in the Sinking Fund established in 1993 as a separate legal entity for the repayment of government borrowings.

Gibraltar Gov’t approves plans for new ‘locally-owned’ community bank

The Gibraltar Government has approved plans for a new “credit institution” that is seen as filling a need in the marketplace that was made more urgent by Barclays' recent announcement of plans to reduce its Gibraltar presence.

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