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Coutts hires from RBC for senior Jersey trust role 22/01/2015
Coutts has hired David Thompson as head of fiduciary investments at Coutts Trustees, in what it said marked a further investment in its Jersey trust business.

Former Baer banker found guilty of breaking Swiss secrecy but avoids jail 19/01/2015
Rudolf Elmer, a former Julius Baer banker who revealed details of client accounts via WikiLeaks was convicted of violating Swiss banking secrecy laws but avoided jail.

The week on eprivateclient - First Names, Collas Crill, Waverton among others 12/01/2015
A selection of stories featuring on thewealtnet's sister publication - eprivateclient - last week

New Abu Dhabi wealth centre selects Hector Sants as adviser 17/12/2014
Sir Hector Sants, who was chief executive of the Financial Services Authority (FSA) from July 2007 to June 2012, is to advise Abu Dhabi on its plans to become a leading offshore financial centre (see thewealthnet 15/12/2014).

New legislation boosts Jersey's ‘growing hedge fund sector' 09/12/2014
Jersey’s positioning as a centre for hedge fund business is set to experience “further growth” according to Jersey Finance’s chief executive officer, Geoff Cook, following a recent change in legislation.

Putin sets all-out amnesty to attract offshore cash back home 05/12/2014
President Vladimir Putin, faced with a plunge in the ruble and an economy hit by Western sanctions, announced what he termed an all-out amnesty to encourage offshore capital to return Russian capital from abroad.

HSBC pays $12.5 million to settle US claims over wrongful client business 26/11/2014
HSBC is to pay $12.5 million to settle accusations that its Swiss private banking arm solicited US investors without being registered.

Jersey regulators warn over Channel Islands offshore bank 25/11/2014
Banking regulators in Jersey have issued warning not to deal with a bank, named as Channel Offshore Bank (COB), claiming to operate in the Channel Islands.

South African bank to open offshore branch in Guernsey 28/10/2014
The Guernsey Financial Services Commission (GFSC) issued a deposit-taking licence to FirstRand Bank Limited Guernsey branch on Friday 17 October.

London-based wealth manager launches French expat business 27/10/2014
Maseco Private Wealth, a UK wealth manager specialising in serving US clients, has extended its reach to cater for one of the largest expat communities in the UK, the French expatriates.

 
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