Managers of Wealth Offshore

A Better Way to Sell Citizenship

Last October, the Caribbean island nation of St. Lucia announced it would launch a citizenship-by-investment program, or CIP.

The Swiss Have Sent a Chilling Message to Banking Whistleblowers

If governments around the world who have been helped by Hervé Falciani will not protect him, they would make themselves guilty of wilful blindness or of looking the other way while a whistleblower is legally crucified.

Intertrust sells Cayman banking activities

The transaction will have no effect on Intertrust`s profitability going forward.

Safra, Coutts Boost Swiss Bank Program Fines Near $1 Billion

The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States.

Another Swiss private bank reaches resolution under Swiss Bank Program

The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States.

AND THE WINNER WAS... (and Hitler’s Ball) by Justin Urquhart Stewart

This article represents a personal and light-hearted view from 7IM, and is based on current financial news and events around the world.

Caribbean Getaway: Islands Sell Citizenship to Spur Construction Deals

West Indies become hot spot for rich foreigners to invest and gain passports

Hong Kong’s long history of money laundering

In the age of gentlemen bankers, suitcases stuffed with US$100 bills were accepted without question

Chinese firm gives up on Kleinwort Benson bid

Instead Fosun will focus on completing the acquisition of German private bank Hauck & Aufhäuser in a €210 million deal.

BVI shaping up to compete with the Cayman Islands by Philip Graham

The Cayman Islands may offer sleek Ferrari style products but the BVI has packed on some muscle recently and, like the Mustang GT in this YouTube clip, is giving Cayman some competition.

How 2015 made me wiser… by Penny Lovell

In the investment world every day is different. Yes, some aspects may seem repetitive but every day, every year, we learn new things. It’s like cooking: the raw materials and the recipes might look the same, but each restaurant is different from the

The hike before Christmas by Tim Price

“Christmas at my house is always at least six or seven times more pleasant than anywhere else. We start drinking early. And while everyone else is seeing only one Santa Claus, we'll be seeing six or seven.' - W.C. Fields.

HSBC appoints Rothschild for restructuring of private banking arm

The move to reduce the private bank comes after Stuart Gulliver, chief executive of HSBC, unveiled plans in the summer to help simplify the global group and focus on core markets, including Asia.

Finance Malta - Insight Newsletter - December 2015

I am sure that during the past quarter you have experienced, or at least, heard of Malta’s varied activity

M&A bankers toast a bumper year discreetly

Colleagues are encouraged instead to go for low-key lunches or dinners within their teams.

Bear buys private bank in Luxembourg

This transaction will significantly strengthen Julius Baer's position in the Luxembourg financial centre.

Swiss banks release names of missing account holders

Releases names of more than 2,600 holders of accounts that have lain dormant for at least 60 years

Desperately Seeking Substance by Labuan IBFC

There is considerable interest to tap into the increased consumer spending in Asian economies, as the rising salaries of the region’s growing middle class are expected to further drive demand for consumer products.

Challenging relationships by Penny Lovell

The report states that High Net Worth respondents have been working with their wealth management firm for 13.6 years on average.

Wealth and Asset Management