Managers of Wealth - Offshore https://offshore.managersofwealth.com/ Tue, 21 Jan 2025 01:33:41 GMT part of MediaG8way Group https://offshore.managersofwealth.com/ https://offshore.managersofwealth.com/assets/images/logo.png Managers of Wealth - Offshore KohanaPHP TISE reports double digit listings growth and new records in 2024 News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62286/tise-reports-double-digit-listings-growth-and-new-records-in-2024 The total market value of all listed securities surpassed the £750 billion mark for the first time, reaching £756 billion at the end of December. Wealth and Asset Management Labuan Financial Services Authority is Committed to Preserving Integrity of Labuan IBFC News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62287/labuan-financial-services-authority-is-committed-to-preserving-integrity-of-labuan-ibfc Labuan FSA wishes to emphasise our zero tolerance for any breaches of the law. Wealth and Asset Management Guernsey Trust Manager joins Citywealth Future Leaders Awards 2025 judging panel News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62289/guernsey-trust-manager-joins-citywealth-future-leaders-awards-2025-judging-panel She will be joining five other judges and panel moderator Karen Jones, CEO of Citywealth. Wealth and Asset Management Most Influential Recognition Once Again for Iain Johns News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62290/most-influential-recognition-once-again-for-iain-johns Having appeared in the list regularly over the past decade, Iain has extensive experience of dealing with the financial affairs of some of the world’s wealthiest families. Wealth and Asset Management JTC wins at global banking & finance awards News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62293/jtc-wins-at-global-banking-ampamp-finance-awards The awards recognise companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world. Wealth and Asset Management Private wealth management – have you considered the SPF? News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62272/private-wealth-management-ampndash-have-you-considered-the-spf The Circular provides that, should an SPF have its statutory seat or central administration in Luxembourg, it is eligible to receive a certificate from the LTA confirming its residency status in accordance with Luxembourg law. Wealth and Asset Management Highvern’s Group Director named in the 2025 eprivateclient 50 Most Influential News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62255/highvernamprsquos-group-director-named-in-the-2025-eprivateclient-50-most-influential The selection of the 50 Most Influential individuals is conducted by PAM Insight’s judges Wealth and Asset Management Heather Tibbo Recognised as ‘Influential’ Industry Professional News Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62240/heather-tibbo-recognised-as-amplsquoinfluentialamprsquo-industry-professional Heather is included in the 2025 eprivateclient 50 Most Influential list, published this week. Wealth and Asset Management Saffery Trust Managing Director named one of 2025 50 Most Influential News Aggregation Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62198/saffery-trust-managing-director-named-one-of-2025-50-most-influential The peer-nominated listing identifies leaders within the private client sector, taking account of their achievements over the prior year and potential for the year ahead. Wealth and Asset Management Ogier’s global head of Private Wealth Matt Guthrie named in eprivateclient 2025 50 Most Influential News Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62207/ogieramprsquos-global-head-of-private-wealth-matt-guthrie-named-in-eprivateclient-2025-50-most-influential Matt’s inclusion in the definitive rankings follows a thorough judging process which considered candidates’ achievements and their impact on the profession in the past 12 months. Wealth and Asset Management Ganado Advocates announces new partner News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62283/ganado-advocates-announces-new-partner George Bugeja has been promoted to partner Executive Moves Labuan FSA Announces Departure of Chairman Dato’ Wan Mohd Fadzmi News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62288/labuan-fsa-announces-departure-of-chairman-datoamprsquo-wan-mohd-fadzmi Labuan FSA will unveil the appointment of its new Chairman in due course, pending approval from the Ministry of Finance. Executive Moves JTC Law welcomes Fiona Dalton to senior leadership team News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62291/jtc-law-welcomes-fiona-dalton-to-senior-leadership-team For the last 12 years, she has worked alongside the senior team at Jersey’s largest firm to support its growth and development and attain its top tier status. Executive Moves Praxis announces New Year promotions News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62263/praxis-announces-new-year-promotions A further 40 people have been moved up across the Group’s offices in the Channel Islands, Hong Kong, Malta, Mauritius and the UK. Executive Moves Collas Crill announces round of promotions in the Channel Islands News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62264/collas-crill-announces-round-of-promotions-in-the-channel-islands Ms Miller and Mr Gent both work in the firm's Real Estate team. Executive Moves VG announces promotions in Employee Incentives, Corporate and Private Wealth businesses News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62271/vg-announces-promotions-in-employee-incentives-corporate-and-private-wealth-businesses They have all earned a number of promotions previously during their successful careers at VG and are now set to lead the business to new growth. Executive Moves Joe Williams joins our Bermuda team News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62276/joe-williams-joins-our-bermuda-team With special experience supporting fund financing and general banking transactions, acting for both lenders and borrowers, Joe will prove to be an immense asset to the team. Executive Moves VG Announces Career Promotions in Employee Incentives, Corporate and Private Wealth Businesses News Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62247/vg-announces-career-promotions-in-employee-incentives-corporate-and-private-wealth-businesses They have all earned a number of promotions previously during their successful careers at VG and are now set to lead the business to new growth. Executive Moves Rebecca Khanna promoted to leadership role at Clarien News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62251/rebecca-khanna-promoted-to-leadership-role-at-clarien Her prior positions have spanned significant global responsibilities, delivering strategic outcomes in Bermuda, Canada and the Philippines. Executive Moves Jersey Competition Regulatory Authority appoints Non-Executive Member News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62256/jersey-competition-regulatory-authority-appoints-non-executive-member Ed has knowledge of the Jersey financial services, digital, hospitality, retail and wholesale sectors. Executive Moves FS: Bahamas tax system competitive, but higher yields needed News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62282/fs-bahamas-tax-system-competitive-but-higher-yields-needed Wilson also noted that the government has introduced tax reforms that will impact the cruise lines’ Bahamian private islands Tax Turnquest concerned about impact of VAT food cut on govt revenue News Aggregation Team Tuesday, January 14, 2025 12:00 am https://offshore.managersofwealth.com/article/62222/turnquest-concerned-about-impact-of-vat-food-cut-on-govt-revenue Turnquest served as deputy prime minister and minister of finance under the Dr. Hubert Minnis Free National Movement administration between 2017-2020 Tax You have until the end of January to file a 2023 tax return News Aggregation Team Tuesday, January 14, 2025 12:00 am https://offshore.managersofwealth.com/article/62227/you-have-until-the-end-of-january-to-file-a-2023-tax-return Paper forms are also available from the Revenue Service counter staff or through the parish offices. Tax Halkitis: Govt to lose $30M annually due to VAT reduction News Aggregation Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62206/halkitis-govt-to-lose-30m-annually-due-to-vat-reduction Mr Halkitis said this is a tax paid by the consumer thus the vendors will not incur any losses from the change. Tax Government to forgo $30M in revenue as VAT on food items reduced to 5% News Aggregation Team Friday, January 10, 2025 12:00 am https://offshore.managersofwealth.com/article/62186/government-to-forgo-30m-in-revenue-as-vat-on-food-items-reduced-to-5 Halkitis explained: “When the FNM took VAT off breadbasket items and some other items, VAT was at 7.5 percent across the board. Tax Accountants cite key challenges as businesses prepare for license renewals News Aggregation Team Thursday, January 09, 2025 12:00 am https://offshore.managersofwealth.com/article/62173/accountants-cite-key-challenges-as-businesses-prepare-for-license-renewals Among the primary concerns, Albury highlighted the audit and review assurance deadlines. Tax Pintard slams government’s “punitive approach” to taxes and vehicle regulations News Aggregation Team Wednesday, January 08, 2025 12:00 am https://offshore.managersofwealth.com/article/62151/pintard-slams-governmentamprsquos-ampldquopunitive-approachamprdquo-to-taxes-and-vehicle-regulations In a statement, Pintard noted: “With every budget cycle, this government finds new ways, directly or indirectly, to impose taxes and fees on the very people they promised to support. Tax Pintard slams government’s “punitive approach” to taxes and vehicle regulations News Aggregation Team Tuesday, January 07, 2025 12:00 am https://offshore.managersofwealth.com/article/62146/pintard-slams-governmentamprsquos-ampldquopunitive-approachamprdquo-to-taxes-and-vehicle-regulations There are ways to strengthen the rule of law on the road without sacrificing fairness and compassion. Tax Luxembourg tax: what's new in 2025? News Team Monday, January 06, 2025 12:00 am https://offshore.managersofwealth.com/article/62118/luxembourg-tax-whatamp039s-new-in-2025 The global ordinary rate lowers from 24.94% to 23.87% for companies based in Luxembourg City. Tax Premier bullish about impact of corporate income tax News Aggregation Team Tuesday, December 24, 2024 12:00 am https://offshore.managersofwealth.com/article/62043/premier-bullish-about-impact-of-corporate-income-tax The Government plans to introduce a statutory 15 per cent corporate income tax that will be applicable to Bermuda businesses Tax Deadline to register for data handling work News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62279/deadline-to-register-for-data-handling-work This helps the free flow of data between the islands and the EU, helping its economy, it said. Regulation, Risk & Compliance Electronic service of judicial documents: a game changer in legal processes News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62281/electronic-service-of-judicial-documents-a-game-changer-in-legal-processes More efficient e-communication and notification procedures would expedite the service process Regulation, Risk & Compliance BMA confirms registration of 13 insurers in December News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62285/bma-confirms-registration-of-13-insurers-in-december Aon Reinsurance Bermuda Ltd was registered as a broker and Euclid Mortgage Bermuda Ltd was registered as an agent. Regulation, Risk & Compliance Cayman issues 40 new international insurance licenses in 2024 News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62265/cayman-issues-40-new-international-insurance-licenses-in-2024 Additionally, three new insurance managers were licensed during 2024. Regulation, Risk & Compliance Data Protection For Cayman Islands Investment Funds News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62266/data-protection-for-cayman-islands-investment-funds The DP Act is similar to the General Data Protection Regulation (GDPR) of the European Union with which many clients will be familiar. Regulation, Risk & Compliance AXA XL's Bermuda Professional Lines Business Launches New Wage & Hour Policy News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62267/axa-xlamp039s-bermuda-professional-lines-business-launches-new-wage-ampamp-hour-policy Higher minimum wages, increased salary thresholds for exemptions under the U.S. Fair Labor Standards Act and expanded overtime protections, all point to increased risk and exposure to defend costly litigations. Regulation, Risk & Compliance The doctrine of mistake in Guernsey News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62269/the-doctrine-of-mistake-in-guernsey The doctrine of mistake can often provide a relatively inexpensive and efficient way to rectify a mistaken decision by a settlor Regulation, Risk & Compliance GFSC increases licence fees by 5.3% despite concerns News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62249/gfsc-increases-licence-fees-by-53-despite-concerns It said it had received feedback from all sectors of industry, but primarily on the overall fee increase Regulation, Risk & Compliance Revenue Service director role split into two separate jobs News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62250/revenue-service-director-role-split-into-two-separate-jobs The responsibilities of the director of the Revenue Service are being split into two separate jobs. Regulation, Risk & Compliance CCA condemns Izmirlian’s winding-up petition as “meritless,” vows to protect Bahamian jobs News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62252/cca-condemns-izmirlianamprsquos-winding-up-petition-as-ampldquomeritlessamprdquo-vows-to-protect-bahamian-jobs BML Properties Ltd. has requested the appointment of Simon Townend and Jean K. Green-Thompson of KPMG Bahamas Ltd., along with James Neill of KPMG Ireland Regulation, Risk & Compliance Gallagher’s Natasha Lucock features in Future Leaders List News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62273/gallagheramprsquos-natasha-lucock-features-in-future-leaders-list Natasha is a key member of the Gallagher team in the Channel Islands and Isle of Man. Comment, Analysis & Research Five signs of financial irresponsibility News Aggregation Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62201/five-signs-of-financial-irresponsibility These individuals often try to live the life they want rather than the one they can afford, and in the long term, this approach can lead to disastrous financial consequences. Comment, Analysis & Research Are we falling short on true advocacy for the Cayman Islands financial services industry? News Aggregation Team Tuesday, January 07, 2025 12:00 am https://offshore.managersofwealth.com/article/62137/are-we-falling-short-on-true-advocacy-for-the-cayman-islands-financial-services-industry Very probably because the representation to date is misaligned with and fails to establish the true fundamentals of the financial services structuring undertaken in the Islands. Comment, Analysis & Research Moody's: Country's debt-for-nature swap credit positive News Aggregation Team Tuesday, January 07, 2025 12:00 am https://offshore.managersofwealth.com/article/62150/moodyamp039s-countryamp039s-debt-for-nature-swap-credit-positive The goal of the transaction in The Bahamas was to use available credit enhancement solutions for refinancing a feasible portion of the debt at very favorable costs. Comment, Analysis & Research Why Guernsey's public finances was focus of 2024 News Aggregation Team Tuesday, December 31, 2024 12:00 am https://offshore.managersofwealth.com/article/62080/why-guernseyamp039s-public-finances-was-focus-of-2024 The 2023 accounts according to Deputy Chief Minister Heidi Soulsby showed the island had "a good year", reporting a surplus overall surplus of £63.7m. Comment, Analysis & Research BMA finds decrease in Bermuda insurers buying cat reinsurance News Aggregation Team Tuesday, December 31, 2024 12:00 am https://offshore.managersofwealth.com/article/62081/bma-finds-decrease-in-bermuda-insurers-buying-cat-reinsurance In 2023, 95.7% of respondents explicitly calculated some or all external reinsurance treaties in their cat modelling. Comment, Analysis & Research Year in Review: Did we feel any richer as inflation and interest rates fell? News Aggregation Team Friday, December 27, 2024 12:00 am https://offshore.managersofwealth.com/article/62056/year-in-review-did-we-feel-any-richer-as-inflation-and-interest-rates-fell While property sale prices remain high, that doesn’t necessarily translate into fast sales. Comment, Analysis & Research Budget measures unlikely to affect local business, top CEOs say News Aggregation Team Monday, December 23, 2024 12:00 am https://offshore.managersofwealth.com/article/62027/budget-measures-unlikely-to-affect-local-business-top-ceos-say Chamber of SMEs said the budget fell short of addressing serious employment-related issues Comment, Analysis & Research What are some of the current challenges for mental health in the workplace? News Team Friday, December 20, 2024 12:00 am https://offshore.managersofwealth.com/article/61926/what-are-some-of-the-current-challenges-for-mental-health-in-the-workplace In today’s corporate environment, the term "mental health" is increasingly being discussed Comment, Analysis & Research Nearly 30% of household income spent on housing News Aggregation Team Thursday, December 19, 2024 12:00 am https://offshore.managersofwealth.com/article/62002/nearly-30-of-household-income-spent-on-housing The report compared data to Organisation for Economic Development and Cooperation (OECD) member countries. Comment, Analysis & Research Mourant Property team advise on largest office transaction to complete in the Channel Islands in 2024 News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62270/mourant-property-team-advise-on-largest-office-transaction-to-complete-in-the-channel-islands-in-2024 After several bids in excess of the quoting price, the investment was purchased by a syndicate of local investors. Legal Augmented advocacy series: AI and legal privilege News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62274/augmented-advocacy-series-ai-and-legal-privilege Under English law, there are two primary categories of LPP: legal advice privilege and litigation privilege. Legal Bedell Cristin partner Kristian Wilson named a Leading Partner in the latest Legal 500 Asia Pacific rankings News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62275/bedell-cristin-partner-kristian-wilson-named-a-leading-partner-in-the-latest-legal-500-asia-pacific-rankings The Legal 500 is widely regarded as a benchmark for excellence in the legal profession Legal Walkers Tops Rankings in 2025 Chambers Asia Pacific & Legal 500 Asia Offshore Guides News Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62277/walkers-tops-rankings-in-2025-chambers-asia-pacific-ampamp-legal-500-asia-offshore-guides This achievement highlights our unwavering commitment to delivering exceptional service to our clients. Legal Stig of the Dump meets crypto: how one hard drive ended up in legal landfill News Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62245/stig-of-the-dump-meets-crypto-how-one-hard-drive-ended-up-in-legal-landfill The Council refused, citing environmental, permitting and public safety concerns. Legal Appleby advises Soccer Labs on the launch of Soccerverse - the blockchain-based football simulation game News Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62246/appleby-advises-soccer-labs-on-the-launch-of-soccerverse-the-blockchain-based-football-simulation-game Soccerverse is backed by Square Enix and Hiro Capital following a multi-million fundraise in 2024. Legal Two Carey Olsen lawyers recognised in eprivateclient's 50 Most Influential News Team Tuesday, January 14, 2025 12:00 am https://offshore.managersofwealth.com/article/62215/two-carey-olsen-lawyers-recognised-in-eprivateclientamp039s-50-most-influential The list recognises the leading figures in the UK and global offshore private client practitioner sector, including advisers from the wealth management, accountancy, legal, trust, family law, and fintech sectors. Legal The 2024 end of year wrap up: Channel Islands employment edition News Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62210/the-2024-end-of-year-wrap-up-channel-islands-employment-edition In October 2024, the prescribed minimum wage for adult employees (i.e. aged 18 and over) increased to £12 per hour Legal Carey Olsen advises Digicel on sale of majority stake in Cricket Sporting Investments Ltd. News Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62213/carey-olsen-advises-digicel-on-sale-of-majority-stake-in-cricket-sporting-investments-ltd The Carey Olsen Bermuda corporate team advising DGHL comprised Steven Rees Davies as responsible partner and Alex Collis as lead counsel Legal Appleby announces acquisition of fiduciary services company in Seychelles – expanding global reach with enhanced service offering in key jurisdiction News Team Friday, January 10, 2025 12:00 am https://offshore.managersofwealth.com/article/62183/appleby-announces-acquisition-of-fiduciary-services-company-in-seychelles-ampndash-expanding-global-reach-with-enhanced-service-offering-in-key-jurisdiction This strategic acquisition further strengthens Appleby’s global footprint and expands its ability to provide comprehensive fiduciary services to clients worldwide. Legal Cayman Finance CEO calls for more investment in the industry at Chamber Economic Forum News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62280/cayman-finance-ceo-calls-for-more-investment-in-the-industry-at-chamber-economic-forum The Cayman Finance CEO noted the financial industry offers significant opportunities for Caymanians AIM and Hedge Funds Insurance industry is going through a ‘profound’ tech transformation News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62284/insurance-industry-is-going-through-a-amplsquoprofoundamprsquo-tech-transformation There are a few important and fast developing trends that stand out. AIM and Hedge Funds Jersey businesses can elevate Customer Experience with new free training programme News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62248/jersey-businesses-can-elevate-customer-experience-with-new-free-training-programme Joanne Vandermerwe-Mahon, an experienced customer service trainer and Founder of Profit on a Plate, will lead the 4-hour session AIM and Hedge Funds Capital International Bank awarded with 'one of the strongest credit ratings in the industry' News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62261/capital-international-bank-awarded-with-amp039one-of-the-strongest-credit-ratings-in-the-industryamp039 ‘For our customers, it means peace of mind’ AIM and Hedge Funds BILTIR CEO on navigating the Bermuda reinsurance market in 2025 News Aggregation Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62234/biltir-ceo-on-navigating-the-bermuda-reinsurance-market-in-2025 Leader shares insights into the mood of the market in the New Year AIM and Hedge Funds AM Best affirms the ratings of RGA subsidiaries News Aggregation Team Tuesday, January 14, 2025 12:00 am https://offshore.managersofwealth.com/article/62219/am-best-affirms-the-ratings-of-rga-subsidiaries The group’s liquidity measures remain stable, and its financial leverage remains well within AM Best’s guidelines for the current ratings. AIM and Hedge Funds BOV Buġibba and Luqa branches reopen with modern upgrades News Team Tuesday, January 14, 2025 12:00 am https://offshore.managersofwealth.com/article/62229/bov-bu%C4%A1ibba-and-luqa-branches-reopen-with-modern-upgrades Żebbuġ branch closes temporarily AIM and Hedge Funds Leading real estate firm The Agency Bahamas doubles sales in 2024, names top producer Managing Partner Predicts ‘Even stronger 2025’ News Aggregation Team Tuesday, January 14, 2025 12:00 am https://offshore.managersofwealth.com/article/62230/leading-real-estate-firm-the-agency-bahamas-doubles-sales-in-2024-names-top-producer-managing-partner-predicts-amplsquoeven-stronger-2025amprsquo That local dedication along with visually striking marketing globally helped propel The Agency to immediate success. AIM and Hedge Funds Jersey Finance launches Sustainable Finance Summit 2025 News Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62209/jersey-finance-launches-sustainable-finance-summit-2025 The week will culminate in our annual Sustainable Awards gala event. AIM and Hedge Funds Private funds growth pushes the number of Cayman funds above 30,000 in 2024 News Team Thursday, January 09, 2025 12:00 am https://offshore.managersofwealth.com/article/62168/private-funds-growth-pushes-the-number-of-cayman-funds-above-30000-in-2024 Most industry trackers reported an increase in overall hedge fund assets under management in 2024. AIM and Hedge Funds Crypto Funds in the Cayman Islands News Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62278/crypto-funds-in-the-cayman-islands This same flexibility means that Cayman is already taking advantage of the latest shift towards securitising common assets and decentralised finance (DeFi) products. FinTech AI is best opportunity to improve underwriting performance News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62292/ai-is-best-opportunity-to-improve-underwriting-performance The cost of implementation ranked fifth, while buy-in from the workforce and buy-in from senior management were sixth and seventh. FinTech Redefining business in the digital age News Aggregation Team Monday, January 20, 2025 12:00 am https://offshore.managersofwealth.com/article/62294/redefining-business-in-the-digital-age How PwC Digital Services is shaping a future of innovation and resilience FinTech Digital asset economy-focused Soter Insure gets full licensing in Bermuda News Aggregation Team Friday, January 17, 2025 12:00 am https://offshore.managersofwealth.com/article/62268/digital-asset-economy-focused-soter-insure-gets-full-licensing-in-bermuda The move allows the Bermuda-based operating company to launch insurance products tailored to institutions within the Web3 ecosystem. FinTech Enabling an AI future News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62253/enabling-an-ai-future From financial services to tourism, AI is rapidly becoming a cornerstone of business and Bermuda is ensuring its people have the skills to thrive in this evolving landscape. FinTech Cybercriminals set to benefit from advances in AI News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62254/cybercriminals-set-to-benefit-from-advances-in-ai “While AI has obvious applications in defensive cybersecurity, we believe that in the near term, threat actors will be the primary beneficiaries of these technologies.” FinTech Buzzing towards an AI-driven future News Aggregation Team Thursday, January 16, 2025 12:00 am https://offshore.managersofwealth.com/article/62262/buzzing-towards-an-ai-driven-future Mellifera chairman Joseph Camilleri shares the project’s potential for positive change FinTech WeFi launches the world’s first deobank: Pioneering a new era of decentralized banking News Aggregation Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62236/wefi-launches-the-worldamprsquos-first-deobank-pioneering-a-new-era-of-decentralized-banking Deobanks are the logical next step in this journey, combining blockchain’s transparency, security, and efficiency with innovative features that put users back in control.” FinTech Relm Insurance launches AI suite of products News Aggregation Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62237/relm-insurance-launches-ai-suite-of-products Relm said its new products are designed to provide comprehensive coverage for these emerging risks, both for businesses creating and integrated with AI, and those using AI in peripheral ways. FinTech Guernsey businesses to register with Data Protection Authority before end of February News Aggregation Team Wednesday, January 15, 2025 12:00 am https://offshore.managersofwealth.com/article/62244/guernsey-businesses-to-register-with-data-protection-authority-before-end-of-february Being able to demonstrate this independence played a critical role in the Bailiwick renewing its ‘adequacy’ status with the European Commission. FinTech Insurers hold key to drive ESG forward News Aggregation Team Monday, January 13, 2025 12:00 am https://offshore.managersofwealth.com/article/62203/insurers-hold-key-to-drive-esg-forward Insurance companies must embrace their role as catalysts for a more sustainable world Planet SOS Reflections on COP29 and attitudes to natural capital News Team Friday, December 13, 2024 12:00 am https://offshore.managersofwealth.com/article/61928/reflections-on-cop29-and-attitudes-to-natural-capital Not only is this essential for the prosperity of our planet, but it also presents economic opportunities in driving growth, creating jobs and ensuring energy security Planet SOS Barbados completes world-first climate debt swap News Aggregation Team Friday, December 06, 2024 12:00 am https://offshore.managersofwealth.com/article/61850/barbados-completes-world-first-climate-debt-swap Ecuador, meanwhile, is starting work on its second debt swap targeting rainforest conservation, again facilitated by Bank of America. Planet SOS TISE Supports Gender Responsive Project in Delivery on Net Zero News Team Wednesday, December 04, 2024 12:00 am https://offshore.managersofwealth.com/article/61815/tise-supports-gender-responsive-project-in-delivery-on-net-zero These include the near equalisation of gender representation on the local Water Resource Committee, reducing reported incidents of water collection related domestic violence to zero, and freeing up time saved for more productive activities. Planet SOS Malta’s first GreenBiz Awards celebrate sustainable micro and small businesses News Team Tuesday, November 26, 2024 12:00 am https://offshore.managersofwealth.com/article/61730/maltaamprsquos-first-greenbiz-awards-celebrate-sustainable-micro-and-small-businesses Awards recognised businesses that combine ethical practices with entrepreneurial excellence Planet SOS Guernsey 'on track' to meet climate targets News Aggregation Team Friday, November 22, 2024 12:00 am https://offshore.managersofwealth.com/article/61684/guernsey-amp039on-trackamp039-to-meet-climate-targets In 2020, the States of Guernsey set a target of a 57% reduction on 1990 emission levels by 2030 Planet SOS Jersey Finance Welcomes Sustainable Finance Action Plan News Team Friday, November 22, 2024 12:00 am https://offshore.managersofwealth.com/article/61685/jersey-finance-welcomes-sustainable-finance-action-plan We will be working closely with the Government and the Jersey Financial Services Commission on the delivery of the Sustainable Finance Action Plan. Planet SOS Embracing sustainability – unveiling the power of ESG investing News Team Thursday, November 21, 2024 12:00 am https://offshore.managersofwealth.com/article/61677/embracing-sustainability-ampndash-unveiling-the-power-of-esg-investing The origins of ESG investing can be traced back to the 1960s, when it emerged as ‘socially responsible investing’. Planet SOS Rising electricity prices prompt islanders to turn to renewable energy News Aggregation Team Tuesday, November 19, 2024 12:00 am https://offshore.managersofwealth.com/article/61651/rising-electricity-prices-prompt-islanders-to-turn-to-renewable-energy This effort is supported by significant developments in offshore wind and new large-scale solar farm projects. Planet SOS Bermuda companies on par in environmental sustainability News Aggregation Team Monday, November 18, 2024 12:00 am https://offshore.managersofwealth.com/article/61623/bermuda-companies-on-par-in-environmental-sustainability In 2015, nearly 200 countries including the United Kingdom signed the Paris Agreement Planet SOS