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Guernsey showcases credentials to Chinese fund managers 20/10/2014
Guernsey Finance, the promotional agency for the Island’s finance industry, has demonstrated its credentials as an international funds centre to China’s leading asset management groups.

Guernsey Finance appoints new CEO 20/10/2014
Channel Island promotional body, Guernsey Finance, has announced Dominic Wheatley as its new chief executive with effect from 1 December. Mr Wheatley will replace Fiona Le Poidevin, whose resignation was announced in July (see thewealthnet 29/07/2014).

EXCLUSIVE: New entrants to wealth management sector likely to come from unexpected sources, Hakan Valberg of Advent Software told 2014 PAM Annual Operations Dinner 17/10/2014
New entrants to the wealth management sector are likely not to come from the traditional areas that have fed the industry in the past, according to Hakan Valberg, president of Advent Software EMEA.

EXCLUSIVE: Management information needs to inform on four key areas post-RDR, Neil Walkling of Bovill tells 2014 PAM Annual Operations Dinner 16/10/2014
In the post Retail Distribution Review (RDR) world, management information at wealth management firms must include four key areas to ensure a firm is keeping within the spirit and rules of the new regulation, Neil Walkling, consultant and conduct risk specialist at Bovill told the 2014 PAM Annual Operations Dinner earlier this week (14/10/2014)

European Banking Authority launches crackdown on bankers' bonuses 16/10/2014
The European Banking Authority (EBA) yesterday (15/10/2014) published the findings of its investigation into discretionary remuneration practices across the EU banking sector. It showed that competent authorities across the 28 EU Member States have reported that 39 institutions use ‘role-based' or ‘market value' allowances on top of fixed remuneration.

Swiss regulator publishes fully revised Collective Investment Schemes Ordinance 14/10/2014
The Swiss Financial Market Supervisory Authority FINMA will put its fully revised Collective Investment Schemes Ordinance into effect on 1 January 2015.

FCA cracks down on misleading financial marketing 14/10/2014
The Financial Conduct Authority is intervening much more frequently against firms that flout its rules on misleading financial promotions.

Switzerland takes next step towards automatic exchange of information 09/10/2014
Switzerland’s Federal Council has adopted definitive negotiation mandates for introducing the new global standard for the automatic exchange of information in tax matters with partner states.

FCA bans directors of wealth management firm for client money abuses 09/10/2014
The Financial Conduct Authority has fined and banned David Gillespie, managing director, and David Welsby, finance director, of stockbroking and wealth management firm Pritchard Stockbrokers for "serious failings" in relation to the protection of client money.

'Regulation can become its own enemy,' says Nedbank Private Wealth head 08/10/2014
Tick box regulation culture could cause the private banking industry to lose sight of the clients’ needs according to Greg Horton, executive head Nedbank Private Wealth - International.

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