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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.
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). 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 adds 42 new funds in Q2 18/09/2014 Guernsey’s financial services regulator approved 42 new investment funds during the second quarter of this year, resulting in a total of 131 additions during the 12 months to the end of June 2014. FCA withdraws 'high risk' ranking after Cayman protests 11/09/2014 The Financial Conduct Authority has withdrawn a list of “high risk countries” on its website.
Banks in Switzerland AUM rise by CHF 340bn despite shrinking sector 04/09/2014 Despite the sustained pressure to consolidate and the difficult international and domestic market conditions, Swiss banks continue to play an important role for the Swiss economy. JTC Group expands offering with full service Cayman office 28/08/2014 JTC Group has been granted a licence to provide a full suite of private client, corporate, fund and real estate services in the Cayman Islands. P2P lender appoints from HSBC and Bank of Bermuda for UK offshore push 14/07/2014 Sancus has appointed business development managers on Guernsey and Jersey. Kleinwort Benson hires forensic counsel to probe claimed client leak 10/07/2014 Kleinwort Benson has engaged external forensic counsel to conduct “an urgent investigation” into the source of any leak of confidential client information.
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