Managers of Wealth - Europe http://eubankers.net/ Tue, 21 Jan 2020 21:18:32 GMT part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png Managers of Wealth - Europe KohanaPHP Quilter CFO on creating value through deal-making News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78015/quilter-cfo-on-creating-value-through-deal-making Mark Satchel reveals in an interview how undertaking numerous acquistion and disposals helped him become the finance chief of the FTSE-250 wealth manager. Wealth and Asset Management UBS sells B2B fund distribution platform to Clearstream News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78027/ubs-sells-b2b-fund-distribution-platform-to-clearstream As part of the transaction, UBS and Clearstream will enter into long-term commercial cooperation arrangements for the provision of services to UBS's Global Wealth Management and Asset Management business divisions Wealth and Asset Management KBI Global Investors welcomes BofA/Moynihan campaign to bring common standard to alignment of investments with SDGs News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78029/kbi-global-investors-welcomes-bofamoynihan-campaign-to-bring-common-standard-to-alignment-of-investments-with-sdgs The Dublin-based manager aligned its investment strategies with the SDGs from their inception Wealth and Asset Management The Best Hotels In Channel Islands For Business Travelers, 2020 News Aggregation Team Sunday, January 19, 2020 12:00 am http://eubankers.net/article/77963/the-best-hotels-in-channel-islands-for-business-travelers-2020 Accommodation can cost you dearly and you must find yourself a reasonable deal which suits your budget Wealth and Asset Management A year in Donate a Days; why compounding isn’t just relevant to investing...by Penny Lovell News Team Sunday, January 19, 2020 12:00 am http://eubankers.net/article/77987/a-year-in-donate-a-days-why-compounding-isnamprsquot-just-relevant-to-investingby-penny-lovell I’m excited to see what fantastic new charitable initiatives will be pursued by Sanlam employees in 2020 and beyond. Come to think of it, I think I might have 9 spare pairs of shoes to donate… Wealth and Asset Management KBL epb rebrands as Quintet News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77926/kbl-epb-rebrands-as-quintet The pan-European private banking group as a whole has been renamed “Quintet Private Bank.” KBL Luxembourg, the private bank in the Grand Duchy, has been rebranded as “Quintet Luxembourg” and KBL España as “Quintet Espa Wealth and Asset Management St James's New Face? Advice giant appoints brand agency Landor to 'further reputation' News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77929/st-jamesamp039s-new-face-advice-giant-appoints-brand-agency-landor-to-amp039further-reputationamp039 Following multi-agency pitch. Wealth and Asset Management GAM warns profits to tumble as assets shrink News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77932/gam-warns-profits-to-tumble-as-assets-shrink This results in expected total group AuM of approximately CHF 132 billion2 as at 31 December 2019 compared to CHF 132.2 billion1 as at 31 December 2018. Wealth and Asset Management Peter Hargreaves uses £100m HL stake to create charity business News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77933/peter-hargreaves-uses-amppound100m-hl-stake-to-create-charity-business Peter Hargreaves is planning to set up a £100 million charitable foundation financed through shares in the stockbroker bearing his name. Wealth and Asset Management Orchard Street acquires London industrial estate for UK wealth manager News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77957/orchard-street-acquires-london-industrial-estate-for-uk-wealth-manager The four units – situated on a seven-acre site within Chessington’s industrial estate on Cox Lane – is fully-let to three tenants. Wealth and Asset Management Catherine Sherwin new head of AlixPartners in France News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78007/catherine-sherwin-new-head-of-alixpartners-in-france In France, she leads a team of eleven Managing Directors and some fifty consultants. Executive Moves Crestbridge announces mid-year promotions across the Group News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78019/crestbridge-announces-mid-year-promotions-across-the-group The business has recognised the achievements and expertise of a further 17 members staff in this latest round of promotions. Executive Moves Cloud-Based Law Firm Rimon Opens Year With 3 International Hires From Big Law News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78021/cloud-based-law-firm-rimon-opens-year-with-3-international-hires-from-big-law The firm, founded in San Francisco, has brought on partners from Gibson, Dunn & Crutcher, Herbert Smith Freehills, and Baker McKenzie to open up shop in Dubai, Berlin and Sydney, respectively. Executive Moves Sanlam strengthens regional wealth management team News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78023/sanlam-strengthens-regional-wealth-management-team He will work closely with the Cumbrian team. Executive Moves Former Rathbones director joins Close Brothers News Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77975/former-rathbones-director-joins-close-brothers Bringing a wealth of experience in the private client sector Executive Moves Societe General Securities Services Appoints New CEO for Italy News Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77978/societe-general-securities-services-appoints-new-ceo-for-italy He will play an important role in helping our clients to meet efficiently their market, regulatory and technological needs through a range of innovative services. Executive Moves Mirabaud strengthens UK wealth management division News Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77979/mirabaud-strengthens-uk-wealth-management-division These new hires represent the latest part of Mirabaud Group’s expansion strategy to provide a strong commitment to its UK wealth management clients. Executive Moves Louise Durkan joins Quantuma as Partner in Bristol office News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77981/louise-durkan-joins-quantuma-as-partner-in-bristol-office Now, the firm has further boosted its offering with the arrival of Louise Durkan in its Bristol Office. Executive Moves Portfolio Manager Consultancy hired a new director News Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77986/portfolio-manager-consultancy-hired-a-new-director He will focus on growing the business in servicing large institutional clients Executive Moves Mediobanca SGR expands investment advisory team News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77990/mediobanca-sgr-expands-investment-advisory-team Ferrando will also be responsible for the maintenance of a proprietary investment process for third party funds and ETPs' selection used by Mediobanca Private Banking. Executive Moves SFO updates Handbook guidance on evaluating a compliance programme News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/77996/sfo-updates-handbook-guidance-on-evaluating-a-compliance-programme The Serious Fraud Office has updated its Operational Handbook to include a chapter on evaluating a compliance programme. The chapter considers: the relevance of compliance for SFO cases; what a compliance programme entails; time periods relevant to deci Legal, Regulation & Compliance Disguised remuneration: independent loan charge review News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78008/disguised-remuneration-independent-loan-charge-review The independent review of the disguised remuneration loan charge has now concluded and the government has published its response. Legal, Regulation & Compliance The LuxSE updates its Rules & Regulations News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78018/the-luxse-updates-its-rules-ampamp-regulations The LuxSE has substantially amended its Rules & Regulations to integrate recent mandatory legal and regulatory developments as well as to provide increased clarity, transparency and usability for its clients. Legal, Regulation & Compliance Luxembourg's fund sector faces risk of abuse News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78020/luxembourgamp039s-fund-sector-faces-risk-of-abuse Report warns that the country's position as an investment hub increases the likelihood for criminals to commit fraud Legal, Regulation & Compliance FCA readies for fresh crackdown on advisers News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78024/fca-readies-for-fresh-crackdown-on-advisers In the letter advisers were urged once again to “start from the assumption that a pension transfer is not likely to be suitable” Legal, Regulation & Compliance Cheshire advice firm pays staff to quit News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78025/cheshire-advice-firm-pays-staff-to-quit Equilibrium Asset Management employs 86 staff at its office in Wilmslow. Legal, Regulation & Compliance Appleby advises on closing of Zedra acquisition News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78030/appleby-advises-on-closing-of-zedra-acquisition "We look forward to seeing ZEDRA go from strength to strength in the jurisdiction.” Legal, Regulation & Compliance VitalityInvest and SEI launch new Global Multi-Manager fund range News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78032/vitalityinvest-and-sei-launch-new-global-multi-manager-fund-range The new Global Multi-Manager funds are available exclusively through VitalityInvest’s ISA, Junior ISA and Retirement Plan Legal, Regulation & Compliance Woodford fund shows vulnerable side of shadow banking, regulator says News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77971/woodford-fund-shows-vulnerable-side-of-shadow-banking-regulator-says By contrast, the growth rate averaged 8.5% annually in 2012-17, when shadow banking grew rapidly as banks faced heavier regulation following the 2007-09 financial crisis. Legal, Regulation & Compliance McMafia law to target drug dealers’ millions News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77972/mcmafia-law-to-target-drug-dealersamprsquo-millions THE McMafia law could be used to strip county lines drug dealers of assets, even if police do not have enough evidence to charge them. Legal, Regulation & Compliance How FinTechs Will Come of Age in the 2020s News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78031/how-fintechs-will-come-of-age-in-the-2020s We view FinTech as an opportunity to offer the best digital financial experience to everyone, everywhere. FinTech UK 'Charging Ahead' of Europe in Open Banking, Says TINK News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78022/uk-amp039charging-aheadamp039-of-europe-in-open-banking-says-tink After raising €90 million in fresh funding, founder and CEO of Swedish firm says he hopes to help UK banks stay at forefront of open banking adoption FinTech Broadridge to Acquire FundsLibrary News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78026/broadridge-to-acquire-fundslibrary Acquisition to help asset managers meet UK and EU regulatory requirements FinTech UK Wealth Manager and specialist SIPP Provider selects Cashfa News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77949/uk-wealth-manager-and-specialist-sipp-provider-selects-cashfa Cashfac was selected to help orchestrate all aspects of cash movements and real-time operational general ledger accounting across products, IFAs and Fund Managers. FinTech IBM wins $1.1 bn deal from Spain’s Banco Sabadell News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77912/ibm-wins-11-bn-deal-from-spainamprsquos-banco-sabadell Spain’s Banco Sabadell has selected IBM for a 1 billion euro ($1.11 billion) overhaul of its IT systems over the next ten years. FinTech Edgelab becomes first whitelabel partner for new Avaloq Wealth Platform News Team Wednesday, January 15, 2020 12:00 am http://eubankers.net/article/77870/edgelab-becomes-first-whitelabel-partner-for-new-avaloq-wealth-platform Edgelab empowers private banks to achieve long-term success by providing them technology solutions FinTech Why the world is due a revolution in financial education News Aggregation Team Wednesday, January 15, 2020 12:00 am http://eubankers.net/article/77871/why-the-world-is-due-a-revolution-in-financial-education If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will – quite literally – be huge!” he wrote. FinTech GBST adds investment pathways functionality News Team Tuesday, January 14, 2020 12:00 am http://eubankers.net/article/77794/gbst-adds-investment-pathways-functionality GBST says the new functionality will launch with an updated version of Composer by the end of March. FinTech Are Corporate Actions Being Treated Fairly? by William Rouse, Contemi News Team Tuesday, January 14, 2020 12:00 am http://eubankers.net/article/77795/are-corporate-actions-being-treated-fairly-by-william-rouse-contemi At a time of unprecedented change, when recurring demands are made on firms’ data management, processing and reporting capabilities, nobody wants to add to their operational burdens. FinTech Cybersecurity Threats Call for a Global Response News Team Tuesday, January 14, 2020 12:00 am http://eubankers.net/article/77810/cybersecurity-threats-call-for-a-global-response Different public agencies within a country need to communicate seamlessly. And most challenging, information sharing between countries must improve. FinTech Cannabis ETF launches in UK News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/77999/cannabis-etf-launches-in-uk Som Seif, chief executive of Purpose Investments, said: “The medical cannabis industry was pioneered in Canada, and we’re thrilled with the opportunity to partner with HANetf to take what we have learned from our Purpose Marijuana Opportunitie Alternative Investments Saudi investors in talks to buy London’s Ritz hotel, says report News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78001/saudi-investors-in-talks-to-buy-londonamprsquos-ritz-hotel-says-report Barclay brothers said to want £750m for landmark property Alternative Investments ALFI PwC Report: Pension Funds' AUM set to rise to $61 Trillion News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78034/alfi-pwc-report-pension-fundsamp039-aum-set-to-rise-to-61-trillion In terms of asset allocation, equity continues to hold the crown, accounting for 38% of total pension assets at the end of 2018. However growth, in percentage terms, has turned negative – with allocation falling from 60% in 1998 Alternative Investments Tory billionaire Michael Spencer punts £75m bet on City firms News Aggregation Team Sunday, January 19, 2020 12:00 am http://eubankers.net/article/77964/tory-billionaire-michael-spencer-punts-amppound75m-bet-on-city-firms Big investments included stakes in insurer Singapore Life and platform AJ Bell Alternative Investments Women entrepreneurs pitch innovation for Africa to UK investors News Team Sunday, January 19, 2020 12:00 am http://eubankers.net/article/77967/women-entrepreneurs-pitch-innovation-for-africa-to-uk-investors The Department for International Trade and the Department for International Development hosted Start-up Night Africa in partnership with the Lionesses of Africa Alternative Investments Switzerland’s Real Estate Building Now Sold On Blockchain News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77923/switzerlandamprsquos-real-estate-building-now-sold-on-blockchain BrickMark is the blockchain-based next generation real estate investment and management company. Alternative Investments Billionaire Builds Treehouse Atop London Office Tower News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77874/billionaire-builds-treehouse-atop-london-office-tower A quirky slice of America opens in the British capital with the London Treehouse Hotel. Here’s our review. Alternative Investments Where fund managers are hunting for returns this year News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77883/where-fund-managers-are-hunting-for-returns-this-year Fund managers outline the markets they are backing this year and discuss the prospects for the major global economies. Alternative Investments German Growth Falls to Six-Year Low, Hit by Manufacturing Recession News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77885/german-growth-falls-to-six-year-low-hit-by-manufacturing-recession International trade disputes and China’s slowdown weigh on Germany’s flagship auto industry Alternative Investments Unigestion advances alternative risk premia strategy in US market News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77890/unigestion-advances-alternative-risk-premia-strategy-in-us-market Simone Gallo, head of Global Intermediary Distribution at Unigestion, said: "This partnership shows a continued demand for innovative, nimble and liquid alternative approaches that can help multi-asset investors looking for uncorrelated returns and a Alternative Investments JPMorgan to buy Paris building to bring euro teams from London News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77974/jpmorgan-to-buy-paris-building-to-bring-euro-teams-from-london That reflects a wider trend of banks shifting selected activities to euro-zone cities ahead of Brexit, without calling into question London's dominance as Europe's premier financial centre. Investment Banking Brazilian investment bank opens office in Portugal News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77992/brazilian-investment-bank-opens-office-in-portugal The bank's operations in Portugal will be led by its partner Ricardo Borgerth, who brings 16 years' experience at the firm's wealth management division. Investment Banking Barclays said to be cutting some top director roles in investor banking News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77924/barclays-said-to-be-cutting-some-top-director-roles-in-investor-banking Barclays CEO Jes Staley has clamped down on expenses, and in 2019, he said the bank cut 3,000 jobs in the second quarter Investment Banking Wells Fargo is building out its investment bank in Paris News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77948/wells-fargo-is-building-out-its-investment-bank-in-paris The bank has named Nick Bennett CEO of WFSE, subject to regulatory approval. Bennett was previously the bank's head of fixed income and trading for EMEA. Investment Banking Barclays has made itself a pariah over the climate crisis – now it's time for a boycott News Aggregation Team Thursday, January 09, 2020 12:00 am http://eubankers.net/article/77682/barclays-has-made-itself-a-pariah-over-the-climate-crisis-ampndash-now-itamp039s-time-for-a-boycott The problem is that other big institutional investors will buy that sort of crap because that’s what big institutional investors usually do. Investment Banking Morning Coffee: JPMorgan's warning about working for 2nd tier banks. The thing about all those new Python jobs News Aggregation Team Wednesday, January 08, 2020 12:00 am http://eubankers.net/article/77647/morning-coffee-jpmorganamp039s-warning-about-working-for-2nd-tier-banks-the-thing-about-all-those-new-python-jobs Pinto signaled too that 2020 will be a year in which banks like JPMorgan continue to juice their technology spending to get more out for what they put in. Investment Banking Lloyds Banking Group reveals £1.6bn boost for Scots businesses News Aggregation Team Monday, January 06, 2020 12:00 am http://eubankers.net/article/77578/lloyds-banking-group-reveals-amppound16bn-boost-for-scots-businesses Part of that money saw Bank of Scotland support Lerwick Port Authority to develop a new white fish market at Lerwick Harbour by providing a £3 million funding package. Investment Banking SocGen: making the case for European bank champions News Aggregation Team Monday, January 06, 2020 12:00 am http://eubankers.net/article/77583/socgen-making-the-case-for-european-bank-champions EU politicians are warming to cross-border mergers. The French lender wants to be at the forefront Investment Banking Here are the most written about companies of 2020 News Aggregation Team Thursday, January 02, 2020 12:00 am http://eubankers.net/article/77506/here-are-the-most-written-about-companies-of-2020 Sainsbury's was written about on 840 occasions across the business pages as its failed attempt to merge with riv brought it significant attention. Investment Banking Deutsche Bank-Cerberus Advisory Agreement Set to End News Aggregation Team Tuesday, December 24, 2019 12:00 am http://eubankers.net/article/77411/deutsche-bank-cerberus-advisory-agreement-set-to-end Cerberus has been a paid adviser and a top shareholder of the German lender Investment Banking European Banks: Performance Anxiety? News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/77997/european-banks-performance-anxiety The sum may be paltry in the context of the American bank’s other businesses but put it in the same category as European players such as Julius Baer which had less than $500 billion in assets at the end of 2019. Comment, Analysis & Research Reverse Brexit? Report States Over a Thousand EU Financial Firms to Open Offices in the UK News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78000/reverse-brexit-report-states-over-a-thousand-eu-financial-firms-to-open-offices-in-the-uk More than 1,400 EU-based firms have applied for permission to operate in the UK after Brexit, with over 1,000 of these planning to establish their first UK office, according to a Freedom of Information request (FOI) by financial regulatory consultancy Bov Comment, Analysis & Research Strong rebound in London luxury home sales News Aggregation Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78004/strong-rebound-in-london-luxury-home-sales Across London's priciest neighborhoods, such as Mayfair and Chelsea, home sales increased by 34 per cent, the biggest gain since mid-2017. Comment, Analysis & Research Over 1000 EU financial firms planning to open UK offices after Brexit News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78005/over-1000-eu-financial-firms-planning-to-open-uk-offices-after-brexit Over 1,000 of these firms do not currently have an office in the UK, suggesting they intend to establish their first office after the UK’s departure from the EU on 31 January. Comment, Analysis & Research CEO Pessimism Over Global Growth Reaches Record High - PwC News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78017/ceo-pessimism-over-global-growth-reaches-record-high-pwc When asked about their own revenue growth prospects, the change in CEO sentiment has proven to be an excellent predictor of global economic growth. Comment, Analysis & Research Three Top Trends In Wealth Management For 2020 News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78009/three-top-trends-in-wealth-management-for-2020 The most visible trends are the rise of intergenerational wealth, and the growing number of high-net worth women. Comment, Analysis & Research British Prime Minister, African Leaders urge Investors to accelerate Economic Role on the Continent News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78016/british-prime-minister-african-leaders-urge-investors-to-accelerate-economic-role-on-the-continent African Development Bank President Akinwumi Adesina announced a new $80 million Bank-DFID infrastructure financing partnership . Comment, Analysis & Research Davos 2020: delegates at World Economic Forum urged to commit to fintech News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78013/davos-2020-delegates-at-world-economic-forum-urged-to-commit-to-fintech Mr Green goes on to add: “The momentum and energy of this evolution now needs to be harnessed by delegates in Davos. Comment, Analysis & Research Is the sustainable Blue Economy investible? News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78014/is-the-sustainable-blue-economy-investible The survey shows that while there are already opportunities in early stage, impact and fixed income investments, with infrastructure and listed equity allocations on the horizon, the main barriers for investors continue to be a lack of investment grade pr Comment, Analysis & Research What Connects Us by Joe Moynihan News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78028/what-connects-us-by-joe-moynihan Jersey has a focus on nurturing the talent of tomorrow to ensure we are future-proofed in key areas like governance, regulation, sustainable finance and philanthropy. Comment, Analysis & Research Adviser teams with accountants to form ‘one stop shop’ News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77994/adviser-teams-with-accountants-to-form-amplsquoone-stop-shopamprsquo Harwood specialises in retirement planning for individuals and business owners, investment advice and inheritance tax planning. Tax Beware the hidden tax pitfalls of divorce News Team Sunday, January 19, 2020 12:00 am http://eubankers.net/article/77961/beware-the-hidden-tax-pitfalls-of-divorce Tax will not be the priority on divorce Tax HRMC has more staff chasing benefit cheats than wealthy tax dodgers News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77935/hrmc-has-more-staff-chasing-benefit-cheats-than-wealthy-tax-dodgers While people falsely claiming benefits costs the taxpayer £2.3billion a year the rich are ripping us off for up to £120billion. Tax JERSEY: Draft regulations to implement mandatory disclosure rules issued - Deloitte News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77946/jersey-draft-regulations-to-implement-mandatory-disclosure-rules-issued-deloitte The regulations are broadly in line with expectations following the end of the consultation period that ran to 15 November 2019 Tax Corporate Tax Advisers Grapple with New EU Disclosure Rules News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77896/corporate-tax-advisers-grapple-with-new-eu-disclosure-rules EU members enacted law last year; first reports due in August Tax British Tax Havens to Share Data With Russian Authorities News Aggregation Team Tuesday, January 14, 2020 12:00 am http://eubankers.net/article/77802/british-tax-havens-to-share-data-with-russian-authorities The sharing of financial information is in the spotlight as Russia has lifted restrictions on its citizens holding overseas bank accounts. Tax Business Property Relief and Capital Gains Tax: planning opportunities for business owners News Team Monday, January 13, 2020 12:00 am http://eubankers.net/article/77766/business-property-relief-and-capital-gains-tax-planning-opportunities-for-business-owners Business owners looking to benefit from BPR should periodically review the level of investment activities in their business. Tax The Loan Charge – finally some good news for tax payers News Aggregation Team Monday, January 13, 2020 12:00 am http://eubankers.net/article/77762/the-loan-charge-ampndash-finally-some-good-news-for-tax-payers Many saw the Loan Charge as being grossly unfair, citing examples of employees who were told they would not be employed if they didn't accept payment via loans, numerous cases of miss-selling to unrepresented employees and even suicides of employees Tax A report on 'International Tax Enforcement: Disclosable Arrangements'. News Team Thursday, January 09, 2020 12:00 am http://eubankers.net/article/77678/a-report-on-amp039international-tax-enforcement-disclosable-arrangementsamp039 A report on how the power in Finance Act 2019, which enables regulations to implement Council Directive (EU) 2018/822, will be used in different EU Exit scenarios. Tax Your New Year tax resolutions by Chris Etherington News Aggregation Team Wednesday, January 08, 2020 12:00 am http://eubankers.net/article/77659/your-new-year-tax-resolutions-by-chris-etherington What new years’ resolutions will you make to get your tax affairs in shape? Tax Italy's Banca IFIS rules out M&A as it unveils new plan to boost profit News Aggregation Team Wednesday, January 15, 2020 12:00 am http://eubankers.net/article/77836/italyamp039s-banca-ifis-rules-out-mampampa-as-it-unveils-new-plan-to-boost-profit Italy’s loan recovery market is under pressure to consolidate after years of stellar growth fed by a 200 billion euro ($222 billion) banking clean-up, as lenders were forced to shed loans that turned sour due to a deep recession. Retail Banking TSB to open new IT centre in Edinburgh News Aggregation Team Wednesday, January 15, 2020 12:00 am http://eubankers.net/article/77859/tsb-to-open-new-it-centre-in-edinburgh A new services agreement will see IBM build and manage TSB’s private cloud environment, running services across TSB’s core banking platforms with all of the infrastructure being operated and managed by IBM under supervision by TSB. Retail Banking Danske Offers 2,000 Employees Option to Quit Amid Cost Focus News Aggregation Team Monday, January 13, 2020 12:00 am http://eubankers.net/article/77778/danske-offers-2000-employees-option-to-quit-amid-cost-focus Danske under investigation in $222 billion Estonian scandal Retail Banking HSBC starts process to offload French retail operations News Aggregation Team Monday, January 13, 2020 12:00 am http://eubankers.net/article/77782/hsbc-starts-process-to-offload-french-retail-operations The HSBC divestiture, if materialised, would offer the acquirer access to nearly 230 retail branches and the France deposit base of HSBC. Retail Banking Italy in EU talks over Popolare Bari rescue plan- Economy Minister News Aggregation Team Friday, January 10, 2020 12:00 am http://eubankers.net/article/77745/italy-in-eu-talks-over-popolare-bari-rescue-plan-economy-minister The biggest bank in the south of Italy was put under special administration by Bank of Italy in December. Retail Banking Fledgling British bank Starling flies to Dublin News Aggregation Team Monday, January 06, 2020 12:00 am http://eubankers.net/article/77576/fledgling-british-bank-starling-flies-to-dublin Felim O’Donnell, another former AIB staffer, joined Starling International in September as chief operating officer from Liberty IT, a technology subsidiary of US insurer Liberty Mutual. Retail Banking Germans Hold a Record? 6.6 Trillion in the Banks News Aggregation Team Friday, January 03, 2020 12:00 am http://eubankers.net/article/77537/germans-hold-a-record-66-trillion-in-the-banks The DZ Bank study covers bank deposits, cash, bonds and money market instruments, stocks, funds, insurance, retirement benefits and other financial contributions. Retail Banking Italy plans to sell its Monte Paschi stake by 2021 News Aggregation Team Monday, December 30, 2019 12:00 am http://eubankers.net/article/77484/italy-plans-to-sell-its-monte-paschi-stake-by-2021 At stake is the approximately €5.4bn ($6bn) Italian taxpayers contributed to rescuing Monte Paschi as well as the Siena-based lender’s future as a viable private institution. Retail Banking Russian Government Considers Buying Sberbank News Aggregation Team Friday, December 27, 2019 12:00 am http://eubankers.net/article/77433/russian-government-considers-buying-sberbank The finance ministry said later on Thursday that Siluanov was referring to the overall issue of buying the central bank's stake in Sberbank but not to using the NWF money. Retail Banking EIB Approves EUR 15 mln Loan to JSC Liberty Bank News Aggregation Team Monday, December 23, 2019 12:00 am http://eubankers.net/article/77386/eib-approves-eur-15-mln-loan-to-jsc-liberty-bank The new management believes that Liberty Bank is well positioned to promote financial inclusion across the country, given its unparalleled coverage of Georgia that extends to even the most remote locations of the country. Retail Banking More than £2.85bn languishes in Swiss pension accounts News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77939/more-than-amppound285bn-languishes-in-swiss-pension-accounts deVere United Kingdom and deVere Switzerland, part of deVere Group which does business in more than 100 countries globally, say the trend has soared in the recent months. Pensions QROPS List – January 1, 2020 News Aggregation Team Thursday, January 09, 2020 12:00 am http://eubankers.net/article/77713/qrops-list-ampndash-january-1-2020 None of the remaining 26 financial centres hits triple figures, with Ireland trailing in third place with 68 QROPS, just ahead of Guernsey (66) and Jersey (65). Pensions What will the Government do on Pensions in the Budget? News Team Tuesday, January 07, 2020 12:00 am http://eubankers.net/article/77617/what-will-the-government-do-on-pensions-in-the-budget The manifesto promised simply to work on a sustainable long-term solution to the problem of providing social care by building cross-party consensus. Pensions Pension costs hurt CC profits as A&O leadership sees pay increases News Aggregation Team Thursday, January 02, 2020 12:00 am http://eubankers.net/article/77530/pension-costs-hurt-cc-profits-as-aampampo-leadership-sees-pay-increases The firm’s pension deficit stood at £284m at the end of the financial year, slightly up on £283m the previous year Pensions Advisers urged to prepare for investment pathways News Aggregation Team Tuesday, December 31, 2019 12:00 am http://eubankers.net/article/77504/advisers-urged-to-prepare-for-investment-pathways This is in some ways similar to RU64 and the requirement to consider a stakeholder pension. Pensions Pension Funds With $680 Billion Finally Find Their Missing Link News Aggregation Team Sunday, December 29, 2019 12:00 am http://eubankers.net/article/77456/pension-funds-with-680-billion-finally-find-their-missing-link The distortions wrought by a policy intended to keep the krone fixed to the euro are particularly pronounced in the pension industry. Pensions At $30 Billion, Norway’s Other Wealth Fund Is Simply Too Big News Aggregation Team Sunday, December 29, 2019 12:00 am http://eubankers.net/article/77460/at-30-billion-norwayamprsquos-other-wealth-fund-is-simply-too-big The government will now go through the fund’s proposals and consider changes to its mandate, the ministry said in an emailed comment to Bloomberg. It didn’t provide a timeline. Pensions Why the French pension system is so complicated News Aggregation Team Sunday, December 29, 2019 12:00 am http://eubankers.net/article/77466/why-the-french-pension-system-is-so-complicated To perceive this attachment to particular regimes, we now have to return to the start of the 20th century, to a time when employers 'and employees' unions didn’t desire a state-run pension system. Pensions Proposed enhanced powers for pensions regulation to impact D&Os in 2020 News Aggregation Team Tuesday, December 24, 2019 12:00 am http://eubankers.net/article/77401/proposed-enhanced-powers-for-pensions-regulation-to-impact-dampampos-in-2020 The Pension Schemes Bill 2019-2020 was finally introduced to Parliament in mid-October 2019 with a view to bringing these new powers (and other changes) into being. Pensions Workplace pension savings plummet for those about to retire News Aggregation Team Monday, December 23, 2019 12:00 am http://eubankers.net/article/77374/workplace-pension-savings-plummet-for-those-about-to-retire The 25th percentile of pension savers shows an even bleaker picture with at least a quarter of 55-64-year-olds having built up savings of just £8,500 ahead of their retirement, a figure which has more than halved from £20,700 in 2014-16. Pensions ECB’s Lagarde Says She’ll Listen to Citizens, Pleads for Unity News Aggregation Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77927/ecbamprsquos-lagarde-says-sheamprsquoll-listen-to-citizens-pleads-for-unity We will try to talk in a language that everyone can understand. Brexit Advisers warned of new no-deal Brexit dangers News Aggregation Team Friday, January 03, 2020 12:00 am http://eubankers.net/article/77559/advisers-warned-of-new-no-deal-brexit-dangers Mr Brookes said the shock to trade relationships, legislative frameworks and logistical chains could have "painful short-term ramifications". Brexit Jersey to reforge business links as UK prepares to renegotiate free trade deals: Brexit News Aggregation Team Thursday, January 02, 2020 12:00 am http://eubankers.net/article/77522/jersey-to-reforge-business-links-as-uk-prepares-to-renegotiate-free-trade-deals-brexit Once the UK leaves the EU, Jersey's approach to external trade will need to continue to adapt, and that is why Jersey is building capacity and investing resources in this field. Brexit Goldman and JPMorgan tweak repo operations to limit Basel impact News Aggregation Team Sunday, December 29, 2019 12:00 am http://eubankers.net/article/77464/goldman-and-jpmorgan-tweak-repo-operations-to-limit-basel-impact Banks crucial to short-term lending market find fresh ways to trade it Brexit Brexit means Brexit? Not quite… News Team Monday, December 23, 2019 12:00 am http://eubankers.net/article/77369/brexit-means-brexit-not-quiteamphellip Regardless of what shape Brexit will take, the UK is most likely to retain a pre-eminent status as a ‘go to’ destination for wealthy individuals and families Brexit UK Banks Put Aside Brexit Risk News Aggregation Team Thursday, December 19, 2019 12:00 am http://eubankers.net/article/77285/uk-banks-put-aside-brexit-risk Despite the underperformance of 2018 the underlying performance of UK banks in terms of their day to day business on a domestic level hasn’t been that bad, with decent profits in 2018, with the trend continuing into the first half of 2019. Brexit Election result and Brexit cause unease with British expats News Aggregation Team Sunday, December 15, 2019 12:00 am http://eubankers.net/article/77147/election-result-and-brexit-cause-unease-with-british-expats "Some companies import products from the United Kingdom at no additional cost, but now they don't know how the cost of customs or tariffs will affect them," he said. Brexit Aftermath of Brexit is the financial services largest challenge for 2020 News Aggregation Team Tuesday, December 10, 2019 12:00 am http://eubankers.net/article/77026/aftermath-of-brexit-is-the-financial-services-largest-challenge-for-2020 59% of FS workers in the study felt that these challenges left their organisation vulnerable to losing customers over the next 12 months. Brexit New staffing rules make Brexit-related Irish-hubs a magnet for jobs News Aggregation Team Thursday, December 05, 2019 12:00 am http://eubankers.net/article/76879/new-staffing-rules-make-brexit-related-irish-hubs-a-magnet-for-jobs The number of people mandated by the regulator for Brexit related authorisations was a fairly significant increase on previously authorised entities Brexit Brexit investing: what wealth managers have learned News Aggregation Team Thursday, November 07, 2019 12:00 am http://eubankers.net/article/76121/brexit-investing-what-wealth-managers-have-learned We asked a number leading wealth managers what investment calls they have got right, what they have got wrong and how they are navigating the current outlook. Brexit Davos 2020: Greta Thunberg is saving the planet AND reshaping the global investment industry News Team Tuesday, January 21, 2020 12:00 am http://eubankers.net/article/78033/davos-2020-greta-thunberg-is-saving-the-planet-and-reshaping-the-global-investment-industry Her comments at the elite meeting in the Swiss mountain town came just before U.S. President Donald Trump – a global warming sceptic – was due to make a keynote address. Planet SOS Aberdeen Standard Investments - 2020 outlook News Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77977/aberdeen-standard-investments-2020-outlook Aberdeen Standard Investments sees structural growth opportunities in Chinese equities and emerging market (EM) bonds in 2020. Planet SOS Austrian Boerse to join Sustainable Stock Exchange Initiative News Aggregation Team Monday, January 20, 2020 12:00 am http://eubankers.net/article/77991/austrian-boerse-to-join-sustainable-stock-exchange-initiative As politically anchored in the new Austrian government program, sustainability goals and innovative business models should go hand in hand. Planet SOS Don’t expect the earth from fund managers on climate change News Aggregation Team Sunday, January 19, 2020 12:00 am http://eubankers.net/article/77968/donamprsquot-expect-the-earth-from-fund-managers-on-climate-change Decarbonisation is the responsibility of government, not altruistic businessmen Planet SOS Understanding climate risk - McKinsey Global Institute News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77937/understanding-climate-risk-mckinsey-global-institute How could Earth’s changing climate impact socioeconomic systems across the world in the next three decades? A yearlong, cross-disciplinary research effort at McKinsey & Company provides some answers. Planet SOS Mark Carney handed COP26 climate finance role News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77943/mark-carney-handed-cop26-climate-finance-role His key focus will be mobilising ambitious action from across the financial system needed to help achieve the 1.5°C goal of the Paris Agreement. Planet SOS EU Commission and Parliament commit to Green Deal Investment Plan News Team Friday, January 17, 2020 12:00 am http://eubankers.net/article/77945/eu-commission-and-parliament-commit-to-green-deal-investment-plan The Commission will closely monitor and evaluate the progress on this transition path. Planet SOS Investor demand for ESG to grow through 2020, outlines Cerulli News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77875/investor-demand-for-esg-to-grow-through-2020-outlines-cerulli At present in the equity space, the strategies available to investors range from broad ESG funds with exclusion policies to thematic funds, impact investing products, and strategies targeting the UN's Sustainable Development Goals." Planet SOS Charities publicise RFP for impact-focused ESG mandate News Aggregation Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77878/charities-publicise-rfp-for-impact-focused-esg-mandate Guiding principles included that the investment strategy be scalable to test the hypothesis that other impact-oriented pools of capital could come on board. Planet SOS KBC continues its commitment to sustainability with new EIB lending for SMEs News Team Thursday, January 16, 2020 12:00 am http://eubankers.net/article/77892/kbc-continues-its-commitment-to-sustainability-with-new-eib-lending-for-smes KBC loans with EIB support are available to SMEs (up to 3,000 employees) investing in sustainability and/or the bioeconomy. Planet SOS