All articles by Mark Foxwell
Mark Foxwell
Editor’s Comment: FATCA is here
FATCA has been the catalyst for a dramatic change in global tax transparency between taxpayers and their home jurisdictions. It started as a US effort to compel international financial institutions to report on the international accounts of US taxpayers, using its global dominance of the world’s financial system to get the show on the road. But as the bandwagon started to roll, so other countries joined the effort.
Editors Comment: Cooling measures to have little impact on foreign investors in prime London property
The government’s recent move for capital gains tax to apply to non-UK residents has heightened concern that international investors could take their money out of prime London locations.
Analysis: Tackling regulation with automation
Automating compliance makes sense from both a customer service and a satisfying the regulator point of view. Automation means that compliance can be woven through from front to middle to back office, providing greater transparency and giving the ability to both fully record actions taken and keep a closer eye on a client’s situation and resulting investments.
Editor’s Comment: Competition heats up as secrecy ends
Swiss Secrecy has come to an end under the OECD agreement signed this month. The traditional advantage has gone, leaving clients to decide whether to bank in Switzerland or elsewhere. It would appear that a level playing field has now emerged between Switzerland and other countries.
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Exclusive Update: Barclays restructures wealth management arm with roughly £2 billion of assets to be run down
Barclays Wealth and Investment Management will no longer be run as a standalone business after the British bank revealed plans today to merge the division into its personal and corporate banking division.
Canadas financial big hitter focuses on emerging markets for growth
It would appear that after 28 years at RBC, there is no stopping the larger-than-life George Lewis. PBIs editor, Mark Foxwell, sits down with the charismatic leader to find out more about the banks strategy, and the reasons behind RBC becoming one of the worlds leading wealth management businesses
Exclusive: RBC targets acquisitions of up to $2 billion
Royal Bank of Canada may spend up to C$2 billion to buy an asset management business in the US as the country’s largest lender looks to increase client assets in its wealth management business BY 5-7% this year.
Exclusive interview: Citi Private Bank targets clients with new global platform
Over the weekend Citi Private Bank launched a global digital technology platform for its clients, which it believes will revolutionise how clients engage with their portfolios and the bank.
Swiss bank Border & Cie to establish London office
International private banking group, Bordier & Cie, is to establish a London office and launch a recruitment drive for a resident non-domiciled and international clients team.