All articles by BBR Staff
BBR Staff
Sarasin executives challenging takeover bid by Julius Baer
There seems to be a new twist in the Sarasin and Julius Baer takeover bid. Local media reported that 12 top executive managers have appealed to the banks board in a written letter to fend off a possible takeover by the Swiss private bank Julius Baer.
Credit Suisse to shut US offshore unit
As a part of an overall effort to cutprivate-banking costs and avoid further tangles with US tax authorities, Credit Suisse has said that it will shut its US offshore unit, Credit Suisse Private Advisors, which caters to wealthy Americans.
Luxembourg and Russia sign DTA amendment
Luxembourgs finance minister Luc Frieden and finance minister of the Russian Federation Anton Silouyanov have signed an amendment to the existing bilateral agreement that aims at avoiding double taxation and prevent tax evasion in the area of taxes on wealth and income.
Third Financial Software user base expands in Jersey
Three Jersey-based wealth managers have signed up to tercero wealth workstation, a platform provided by Third Financial Software, a UK-based wealth management technology solutions provider.
Cofunds is Vestra Wealths new fund custodian
Wealth manager Vestra Wealth has appointed Cofunds as its fund custodian of GBP600 million in assets.
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BOE finds risk of financial crisis biggest since 2008
The risk of a financial crisis in the UK is at its greatest since the collapse of Lehman Brothers in 2008, says a survey conducted by the Bank of England (BOE).
HMRC launches new unit to target offshore tax evaders
HM Revenue & Customs (HMRC) has launched a new specialist unit to target offshore tax cheats.
ADCB Jersey branch launches offshore banking
Abu Dhabi Commercial Bank (ADCB) has launched ADCB Offshore Banking through its Jersey branch. The new business caters to the needs of high net worth Excellency clients and Privilege Club members.
SA fund manager ready to snap AIB Investment Managers
Subject to regulatory approval, South African fund manager Prescient will acquire AIB Investment Managers Limited (AIBIM), the asset management subsidiary of the partially state-owned lender Allied Irish Bank Group.
Deutsche Bank may sells asset management business outside its core markets
Deutsche Bank has said that it will conduct a strategic review of its global asset management division outside its core markets in Germany, Europe and Asia.