Managers of Wealth - Europe http://eubankers.net/ Thu, 19 Sep 2019 15:01:00 BST part of MediaG8way Group http://eubankers.net/ http://eubankers.net/assets/images/logo.png Managers of Wealth - Europe KohanaPHP CII ditches SJP exclusivity after adviser backlash News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74778/cii-ditches-sjp-exclusivity-after-adviser-backlash The professional body made assurances that, while it had been working in collaboration with SJP, it always intended to ultimately make the unit available to the whole market. Wealth and Asset Management Tilney and Smith & Williamson Announce Transformational Merger News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74786/tilney-and-smith-ampamp-williamson-announce-transformational-merger Transaction will create the UK’s leading integrated wealth management and professional services group with over £45 billion of assets under management Wealth and Asset Management Sarasin profits fall 15% on outflows and ‘difficult’ investment performance News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74799/sarasin-profits-fall-15-on-outflows-and-amplsquodifficultamprsquo-investment-performance Sarasin & Partners reported profits down 15% as a combination of ‘difficult’ investment performance and client outflows chipped away at its assets under management (AUM). Wealth and Asset Management Lloyds-Schroders wealth management venture to launch price war News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74734/lloyds-schroders-wealth-management-venture-to-launch-price-war Agressive fee strategy puts pressure on rival St James’s Place Wealth and Asset Management Heartwood launches four sustainable multi asset funds News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74735/heartwood-launches-four-sustainable-multi-asset-funds Heartwood began its research into developing a rich multi asset sustainable proposition in 2013 and created four global multi asset sustainable strategies across the risk spectrum – Defensive, Cautious, Balanced and Growth. Wealth and Asset Management "The UK economy remains poised to accelerate when political certainty is delivered", Sanlam News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74750/ampquotthe-uk-economy-remains-poised-to-accelerate-when-political-certainty-is-deliveredampquot-sanlam In this sense the longer term outlook for inflation remains well supported, and the UK economy remains poised to accelerate when political certainty is delivered. Wealth and Asset Management Most wealth managers witnessed colleague sick with stress News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74764/most-wealth-managers-witnessed-colleague-sick-with-stress More than half of wealth managers have seen a colleague take time off work to cope with mental health issues. Wealth and Asset Management Why wealth firms are throwing cash at veteran talent News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74766/why-wealth-firms-are-throwing-cash-at-veteran-talent With new clients increasingly sourced from rivals rather than the newly-rich, one age cohort is in high demand: the industry veteran. Wealth and Asset Management Third deal in a week for UK wealth firm News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74772/third-deal-in-a-week-for-uk-wealth-firm It could spend a maximum of £10.4m on all of the acquisitions Wealth and Asset Management JTC reports further growth News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74728/jtc-reports-further-growth The results also pointed to the investment JTC has made in its global platform through the enhancements made to its senior management team Wealth and Asset Management Schroders appoints Head of Sustainable Credit News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74773/schroders-appoints-head-of-sustainable-credit Saida is an experienced and accomplished investor in sustainable credit. Executive Moves Anderson Strathern makes raft of promotions, including at partner level News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74792/anderson-strathern-makes-raft-of-promotions-including-at-partner-level The firm also retained all of its second year trainees. Executive Moves GAM expands global credit team with new hire News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74794/gam-expands-global-credit-team-with-new-hire Head of investments of the GAM Group, Matthew Beesley, said: ‘The appointment of Florian Komac illustrates how global the investment teams at GAM are. Executive Moves Schroders poaches from SJP to launch academy News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74795/schroders-poaches-from-sjp-to-launch-academy His new role will include recruiting advisers to join Schroders Personal Wealth and leading their professional development once at the firm. Executive Moves Soo-Youn Kim to lead Dentons’ new Europe South Korea desk News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74800/soo-youn-kim-to-lead-dentonsamprsquo-new-europe-south-korea-desk A partner in the Corporate and M&A group, Soo-Youn Kim will focus on assisting Korean clients on mergers, acquisitions, inward investments, real estate transactions and other corporate and commercial matters in Italy and more widely in Europe. Executive Moves Mercer appoints Wealth Management Proposition Leader News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74732/mercer-appoints-wealth-management-proposition-leader He has more than 20 years of experience in the investment management industry, most recently at Russell Investments where he led its Wholesale & Partnerships business with responsibility for UK and offshore distribution of funds. Executive Moves KPMG partner joins PA Consulting News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74739/kpmg-partner-joins-pa-consulting Before that, he sent roughly a decade at KPMG in his first spell at the accounting and consulting firm, and two years at the in-house consulting arm of Philips. Executive Moves KPMG financial services consulting suffers further resignations News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74740/kpmg-financial-services-consulting-suffers-further-resignations The duo reported to Howarth Executive Moves Management changes at Handelsbanken News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74749/management-changes-at-handelsbanken He will assume his new position by March 2020, at the latest Executive Moves Environmental fund manager expands client services team News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74751/environmental-fund-manager-expands-client-services-team She worked at a venture capital firm for over four years Executive Moves Solvency II: Prudent Person Principle News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74779/solvency-ii-prudent-person-principle The proposals are relevant to all UK Solvency II firms (including in the context of provisions relating to Solvency II groups), mutuals, third-country branches, the Society of Lloyd’s (the Society) and its managing agents (collectively, ‘firm Legal, Regulation & Compliance Latvia’s financial watchdog fines PrivatBank for lax money-laundering controls News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74780/latviaamprsquos-financial-watchdog-fines-privatbank-for-lax-money-laundering-controls The FCMC, which has already twice over the past four years fined PrivatBank for similar reasons Legal, Regulation & Compliance Baker McKenzie bumps trainee pay by 7% as its confirms autumn retention score News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74788/baker-mckenzie-bumps-trainee-pay-by-7-as-its-confirms-autumn-retention-score £48,000 in year one, rising to £52,000 in year two Legal, Regulation & Compliance Contractual Interpretation: Establishing the relevant ‘factual matrix’ News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74789/contractual-interpretation-establishing-the-relevant-amplsquofactual-matrixamprsquo Upon discovery of their mistake, Lehman Brothers sought restitution on the grounds that the actual agreement was for 22 notes only and it had inadvertently over-delivered. Legal, Regulation & Compliance The limits of audit: public perceptions and legal realities News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74791/the-limits-of-audit-public-perceptions-and-legal-realities These factors were not identified by Grant Thornton when it conducted its audit. Legal, Regulation & Compliance Don’t play Midnight Cowboy with a midnight limitation deadline News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74793/donamprsquot-play-midnight-cowboy-with-a-midnight-limitation-deadline The underlying proceedings at first instance concerned the calculation of the limitation period for a claim against trustees. Legal, Regulation & Compliance Apple Can’t Win Its $14 Billion European Tax Battle News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74798/apple-canamprsquot-win-its-14-billion-european-tax-battle Even if the tech giant wins its court appeals, it will have to pay the money—and more—to Washington Legal, Regulation & Compliance Will the sale of public trophy assets still be used to solve Italy's economic crisis? News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74801/will-the-sale-of-public-trophy-assets-still-be-used-to-solve-italyamp039s-economic-crisis The plan involved an immediate reduction in Italy’s public debt and an improvement in the finances of local authorities. Legal, Regulation & Compliance Linklaters acts on largest European float of the year News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74731/linklaters-acts-on-largest-european-float-of-the-year The Euronext Amsterdam debut implied a market capitalisation of €95bn. Prosus shares jumped 26% on close, boosting its market cap to €120bn. Legal, Regulation & Compliance Watchdog grills Metro Bank staff over misreporting scandal News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74738/watchdog-grills-metro-bank-staff-over-misreporting-scandal FCA widens investigation into miscategorised loan risk-weightings to include managers Legal, Regulation & Compliance Paris-based asset manager Adopts Broadridge’s Investment Operations Platform News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74782/paris-based-asset-manager-adopts-broadridgeamprsquos-investment-operations-platform SILEX will deploy Broadridge’s investment operations platform to manage its portfolios, enabling it to streamline and automate workflow around an array of traded instruments. FinTech SS&C Reports Record AUM for Asset Managers in Q2 2019 Drive Higher Operating Margins News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74784/ssampampc-reports-record-aum-for-asset-managers-in-q2-2019-drive-higher-operating-margins Global equity and fixed income markets were all positive during the second quarter. FinTech Profile Software to showcase new platforms at Sibos News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74744/profile-software-to-showcase-new-platforms-at-sibos Profile executives will be available, at stand no J131, to meet with professional delegates and discuss how Profile’s solutions can enhance their digitalisation journey. FinTech Nets and KPMG Partner to Launch AI-Powered Payment Fraud Prevention Solution News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74745/nets-and-kpmg-partner-to-launch-ai-powered-payment-fraud-prevention-solution Nets Fraud Ensemble is an AI powered anti-fraud engine that assists fraud prevention teams to navigate this ever-changing landscape in real time. FinTech Carey Olsen supports Zedra on cryptoassets offering News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74746/carey-olsen-supports-zedra-on-cryptoassets-offering Carey Olsen has supported trust, fund and corporate services provider Zedra on the launch of its end-to-end solution for the purchase and sale of Bitcoin. FinTech IHS Markit Named Best Alternative Data Provider for Hedge Funds News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74707/ihs-markit-named-best-alternative-data-provider-for-hedge-funds Our ability to help firms access alternative data spanning the industrial economy and the capital markets makes IHS Markit a unique partner for our customers,” said Adam Kansler, president of Financial Services at IHS Markit. FinTech Why Wealth Managers Need Effective Client Onboarding by Shane Meredith, Contemi Solutions News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74708/why-wealth-managers-need-effective-client-onboarding-by-shane-meredith-contemi-solutions This failure drives clients away because onboarding is the formal process of bringing a customer into a platform. FinTech SS&C Successfully Re-platforms Largest U.K. wealth manager News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74709/ssampampc-successfully-re-platforms-largest-uk-wealth-manager Largest U.K. wealth manager seamlessly migrates GBP69.1 billion AUM FinTech Bahrain's Bwallet adds payment function for UK bank accounts News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74717/bahrainamp039s-bwallet-adds-payment-function-for-uk-bank-accounts Users can scan a QR code to make cashless payments through their mobile phones. FinTech UK-Based Platform for Issuing Digital Securities, Smartlands, Plans to Raise Capital for Global Scaling News Team Monday, September 16, 2019 1:00 am http://eubankers.net/article/74659/uk-based-platform-for-issuing-digital-securities-smartlands-plans-to-raise-capital-for-global-scaling In over just two years, the Platform managed to create an FCA-regulated security token issuance mechanism based on its proprietary technology and designed for crowdfunding or private investments in diverse sectors of the real economy. FinTech UK’s largest venture capital trust launches new fundraise News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74796/ukamprsquos-largest-venture-capital-trust-launches-new-fundraise Octopus is targeting another £120 million fundraise for its flagship VCT. Alternative Investments Lloyd’s Neal reveals £2.3bn profit in H1 2019 but says ‘brave choices’ ahead News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74753/lloydamprsquos-neal-reveals-amppound23bn-profit-in-h1-2019-but-says-amplsquobrave-choicesamprsquo-ahead It said this was the net impact of a 6.5 percent reduction in business volumes “as underwriters adjusted their books to improve performance” plus average risk adjusted rate increases of 3.9 percent. Alternative Investments Key Capital aims to raise €50m for commercial and residential property News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74699/key-capital-aims-to-raise-ampeuro50m-for-commercial-and-residential-property Investor’s new fund to focus on investments that add value or cash in on opportunities Alternative Investments Germany's Osram urges investors to accept 4.3 billion euro AMS offer News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74700/germanyamp039s-osram-urges-investors-to-accept-43-billion-euro-ams-offer To reduce dependence on smartphone producers, AMS wants to combine its business with Osram's to expand in the auto industry and supply manufacturers with sensors and lighting solutions for self-driving cars. Alternative Investments Artemis expands fixed income offering with pair of bond funds News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74703/artemis-expands-fixed-income-offering-with-pair-of-bond-funds Secondly, and also as a sub-fund of Artemis' Luxembourg Sicav, the firm will be launching next month a Global High Yield Bond fund. Alternative Investments Octopus VCT edges toward £1bn with fresh fund raise News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74720/octopus-vct-edges-toward-amppound1bn-with-fresh-fund-raise According to Octopus, the Octopus Titan VCT offers investors access to a “well-established and diverse” portfolio of more than 70 “potentially game-changing” smaller companies. Alternative Investments LGIM partners with Foxberry for sustainable European equity ETF launch News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74721/lgim-partners-with-foxberry-for-sustainable-european-equity-etf-launch Its launch will also see the Foxberry Sustainability Consensus Europe Total Return Index launched Alternative Investments deVere’s Corporate Solutions expands News Aggregation Team Monday, September 16, 2019 1:00 am http://eubankers.net/article/74676/devereamprsquos-corporate-solutions-expands It’s becoming harder for companies to recruit and retain top talent and by adding value to their programs, they are able to overcome these issues. Alternative Investments HKE vows to press on with $39b LSE bid after rebuff News Aggregation Team Sunday, September 15, 2019 1:00 am http://eubankers.net/article/74643/hke-vows-to-press-on-with-39b-lse-bid-after-rebuff The LSE said earlier on Friday, as it rebuffed the Hong Kong approach, that it was sticking with its $27 billion acquisition of data and analytics company Refinitiv - a deal that the HKEX offer had required the London exchange to abandon. Alternative Investments Fund looks to the Continent for its long-term growth News Aggregation Team Sunday, September 15, 2019 1:00 am http://eubankers.net/article/74645/fund-looks-to-the-continent-for-its-long-term-growth Crockford looks for companies where a structural change within the organisation, or its market, or a key product looks likely to spur future growth. Alternative Investments EON Hires BNP Paribas to Sell $1.1 Billion Czech Retail Business News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74737/eon-hires-bnp-paribas-to-sell-11-billion-czech-retail-business The European Commission on Tuesday granted EON permission to take over Innogy from RWE AG in a deal that is set to transform Germany’s energy landscape. Investment Banking Barclays boss Jes Staley sets up 'tense' showdown to oust board raider Bramson News Aggregation Team Monday, September 16, 2019 1:00 am http://eubankers.net/article/74667/barclays-boss-jes-staley-sets-up-amp039tenseamp039-showdown-to-oust-board-raider-bramson Bramson has repeatedly urged Barclays to scale back its investment bank in a move he claims would boost profits and the share price. Investment Banking Run Lola Run! by Andrew Hauser News Team Friday, September 13, 2019 1:00 am http://eubankers.net/article/74630/run-lola-run-by-andrew-hauser The complexity in FX markets lies not in the products themselves, which for the most part are relatively simple. Investment Banking Deutsche Bank said to offer $2m packages to some top ECM bankers News Aggregation Team Tuesday, September 10, 2019 1:00 am http://eubankers.net/article/74502/deutsche-bank-said-to-offer-2m-packages-to-some-top-ecm-bankers The German bank closed its global equities business as part of its restructuring at beginning of July, leaving only a small secondary effort to support its ‘focused ECM’ strategy. Investment Banking Controversial 'Russian spy bank' set to break into Europe News Aggregation Team Tuesday, September 03, 2019 1:00 am http://eubankers.net/article/74332/controversial-amp039russian-spy-bankamp039-set-to-break-into-europe The Moscow-backed bank's staff are reportedly being granted full diplomatic immunity by their Hungarian hosts. Investment Banking UK Market Comeback Despite Uncertainty - LCPP News Team Monday, September 02, 2019 1:00 am http://eubankers.net/article/74281/uk-market-comeback-despite-uncertainty-lcpp Buyer momentum continues to build Investment Banking Bankers look forward, not backwards, as bonus talks kick off News Aggregation Team Sunday, September 01, 2019 1:00 am http://eubankers.net/article/74269/bankers-look-forward-not-backwards-as-bonus-talks-kick-off It's all about coming up with a compelling narrative - just like selling an asset or winning a mandate - to secure a decent share of the global compensation pool and keep their bankers back home in well paid seats. Investment Banking The Nomura ghost that haunts Barclays investment bank News Aggregation Team Friday, August 30, 2019 1:00 am http://eubankers.net/article/74240/the-nomura-ghost-that-haunts-barclays-investment-bank Deutsche people are also dotted around Barclays' markets business. Investment Banking U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah Friday, August 30, 2019 1:00 am http://eubankers.net/article/74248/us-sanctions-lebanonamp039s-jammal-trust-bank-for-ties-to-hezbollah Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities. Investment Banking Greek bank deposits rise in July for fifth month in a row News Aggregation Team Thursday, August 29, 2019 1:00 am http://eubankers.net/article/74211/greek-bank-deposits-rise-in-july-for-fifth-month-in-a-row Athens exited its latest bailout in August and is relying on bond markets to refinance its debt. Investment Banking Greece to Offer $10 Billion to Help Banks Cut Down Bad Debt News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74767/greece-to-offer-10-billion-to-help-banks-cut-down-bad-debt European authorities may approve program in coming weeks Comment, Analysis & Research PIMFA fears over MiFID II costs and charges News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74769/pimfa-fears-over-mifid-ii-costs-and-charges This in turn could result in the necessary changes to in-house processes and procedures. Comment, Analysis & Research UK wealth market to decline by 5 per cent in 2019 and 2020 if there is a no deal Brexit, says GlobalData News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74771/uk-wealth-market-to-decline-by-5-per-cent-in-2019-and-2020-if-there-is-a-no-deal-brexit-says-globaldata Deposits in the UK held 64 per cent of the average UK portfolio in 2008, but since then this has reduced to 58 per cent as of 2018. Comment, Analysis & Research Digital challenges to the international monetary and financial system by Benoît Cœuré News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74775/digital-challenges-to-the-international-monetary-and-financial-system-by-benoampicirct-campoeligurampeacute Panel remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Banque centrale du Luxembourg-Toulouse School of Economics conference on “The Future of the International Monetary System” Comment, Analysis & Research Impact Of Digital Disruption Worldwide News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74777/impact-of-digital-disruption-worldwide Our analysis reveals the current standing of major global economies Comment, Analysis & Research KPMG set to slash jobs in the UK News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74787/kpmg-set-to-slash-jobs-in-the-uk A spokesperson for KPMG is quoted by the FT: “We are not taking these steps lightly, but we believe the proposed structure will enable us to deliver the best possible experience for our clients. Comment, Analysis & Research Private Trust Companies: an ideal solution for wealthy families dealing with complexly structured fortunes? News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74785/private-trust-companies-an-ideal-solution-for-wealthy-families-dealing-with-complexly-structured-fortunes One of the primary reasons for the PTC’s popularity is it allows a family to retain an element of control over their wealth. Comment, Analysis & Research Understanding The Impact Of Deutsche Bank’s Ill-Fated Postbank Acquisition News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74797/understanding-the-impact-of-deutsche-bankamprsquos-ill-fated-postbank-acquisition Not only has the acquisition failed to deliver the desired results, it has actually weighed on Deutsche Bank’s performance over the years. Comment, Analysis & Research Deloitte UK, KPMG UK and PWC UK pledge to support disability inclusion News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74741/deloitte-uk-kpmg-uk-and-pwc-uk-pledge-to-support-disability-inclusion The Valuable 500 was launched at the World Economic Forum’s annual summit in Davos, Switzerland. Comment, Analysis & Research World Payments Report 2019 News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74726/world-payments-report-2019 Emerging markets will soon dictate and shape the global payments landscape in terms of innovation, transaction capacity handling, and industry trends. Comment, Analysis & Research The 2020 Dutch budget and tax plan: key takeaways for multinational enterprises News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74781/the-2020-dutch-budget-and-tax-plan-key-takeaways-for-multinational-enterprises The tax rate of this conditional withholding tax is expected to be the upper corporate income tax rate Tax Aviva platform clients face race against the clock News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74776/aviva-platform-clients-face-race-against-the-clock The self assessment tax deadline is January 31. Tax Bankers or Mobsters Becomes Question in German Cum-Ex Tax Probe News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74706/bankers-or-mobsters-becomes-question-in-german-cum-ex-tax-probe While tax crimes remain the central issue, prosecutors have also found evidence that private investors may have been duped Tax £125m QROPS Tax Windfall Plan Flops For HMRC News Aggregation Team Monday, September 16, 2019 1:00 am http://eubankers.net/article/74665/amppound125m-qrops-tax-windfall-plan-flops-for-hmrc The overseas transfer charge is paid by expats moving money into an offshore QROPS pension when the scheme is based outside the European Economic Area (EEA) in a place other than the country where they live. Tax Malta against removal of tax exemption on aviation and shipping fuels News Aggregation Team Sunday, September 15, 2019 1:00 am http://eubankers.net/article/74646/malta-against-removal-of-tax-exemption-on-aviation-and-shipping-fuels Finance Minister Edward Scicluna said that while changes are required to the Energy Taxation Directive removing the tax exemption would have negative repercussions on Malta Tax The impact of withholding tax rules on Polish real estate transactions News Team Thursday, September 12, 2019 1:00 am http://eubankers.net/article/74612/the-impact-of-withholding-tax-rules-on-polish-real-estate-transactions Based on the forecast for 2019, the strong interest in real estate assets in Poland looks set to continue. Tax UK: Taxpayer Victory In UK Corporate Residence Case Involving Offshore SPVs News Team Wednesday, September 11, 2019 1:00 am http://eubankers.net/article/74546/uk-taxpayer-victory-in-uk-corporate-residence-case-involving-offshore-spvs The boards of the three Jersey companies were comprised of three Jersey resident professional directors, and the secretary of Development Securities Ltd, who was UK resident. Tax Italian Tax Authorities Request Information From Switzerland On UBS Bank Customers News Aggregation Team Tuesday, September 10, 2019 1:00 am http://eubankers.net/article/74517/italian-tax-authorities-request-information-from-switzerland-on-ubs-bank-customers The purpose of the publication in the official Swiss Journal is to give to persons concerned the possibility to object to the disclosure of details on their personal account and receive a final decree ("Schlussverfügung") from the FTA inste Tax Govt told to hike capital gains tax rates News Aggregation Team Tuesday, September 10, 2019 1:00 am http://eubankers.net/article/74534/govt-told-to-hike-capital-gains-tax-rates We want tWe want to encourage more people to save and investo encourage more people to save and invest Tax Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact News Aggregation Team Friday, September 06, 2019 1:00 am http://eubankers.net/article/74458/ecuador-serbia-ratify-oecdamp039s-multilateral-tax-cooperation-pact The Convention is the primary instrument for swift implementation of the Standard for Automatic Exchange of Financial Account Information in Tax Matters. Tax HSBC Looks to Unload French Retail Bank News Aggregation Team Thursday, September 12, 2019 1:00 am http://eubankers.net/article/74586/hsbc-looks-to-unload-french-retail-bank The move to reduce its footprint in Europe would be one of its first strategic actions under new interim Chief Executive Noel Quinn Retail Banking BNP Paribas plans bid for Deutsche Bank's equity derivatives News Aggregation Team Friday, August 30, 2019 1:00 am http://eubankers.net/article/74238/bnp-paribas-plans-bid-for-deutsche-bankamp039s-equity-derivatives Deutsche Bank plans to auction its equity derivatives portfolio next month having received significant expressions of interest from banks, private equity firms and hedge funds, the sources told Reuters. Retail Banking The European race to provide real-time payments News Aggregation Team Friday, August 30, 2019 1:00 am http://eubankers.net/article/74244/the-european-race-to-provide-real-time-payments As financial services players consider their options for instant payments, reachability will be key. Retail Banking Deutsche Bank to extend hiring squeeze to thousands of temporary workers News Aggregation Team Friday, August 23, 2019 1:00 am http://eubankers.net/article/74117/deutsche-bank-to-extend-hiring-squeeze-to-thousands-of-temporary-workers New policy could be 'unwieldy' for a sector that requires flexibility when hiring, says one recruiter Retail Banking Commerzbank discussing more job cuts: newspaper News Aggregation Team Friday, August 23, 2019 1:00 am http://eubankers.net/article/74129/commerzbank-discussing-more-job-cuts-newspaper Shares in Commerzbank were up 1.3% in early Frankfurt trade. Retail Banking Lendable launches Luxembourg fund with Credit Suisse News Aggregation Team Thursday, August 22, 2019 1:00 am http://eubankers.net/article/74083/lendable-launches-luxembourg-fund-with-credit-suisse The lending platform said the new structure will target British consumers. Retail Banking Commerzbank mulls branch closures as part of broader strategy review News Aggregation Team Thursday, August 22, 2019 1:00 am http://eubankers.net/article/74086/commerzbank-mulls-branch-closures-as-part-of-broader-strategy-review The Frankfurt-based bank is weighing the closures as part of a broader strategy review. Retail Banking Bank of China coming to Greece this year News Aggregation Team Thursday, August 22, 2019 1:00 am http://eubankers.net/article/74098/bank-of-china-coming-to-greece-this-year Bank of China is the world’s fourth largest bank by assets behind three other Chinese banks, with nearly $3 trillion. Retail Banking Hampden posts first-half growth as uncertainty hits London market News Aggregation Team Tuesday, August 20, 2019 1:00 am http://eubankers.net/article/74015/hampden-posts-first-half-growth-as-uncertainty-hits-london-market Mr Hartop, who noted Hampden’s client base now stands at around 3,000, said: “I guess part of it is that a lot of jobs will be potentially impacted [by Brexit] and obviously it is a lot more [of a] cosmopolitan population down there. Retail Banking Woes of Metro Bank show how exposed businesses are to a liquidity trap News Aggregation Team Tuesday, August 20, 2019 1:00 am http://eubankers.net/article/74016/woes-of-metro-bank-show-how-exposed-businesses-are-to-a-liquidity-trap There have been sporadic examples of this coming back to bite those who have — unwittingly or not — exposed themselves to greater risk than they might ordinarily want. Retail Banking Sanlam asks network to stop DB transfers News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74760/sanlam-asks-network-to-stop-db-transfers "Our network members also have the freedom to guide their clients using Unbiased, where appropriate." Pensions Lane Clark & Peacock eyes KPMG UK pensions advisory arm News Aggregation Team Tuesday, September 03, 2019 1:00 am http://eubankers.net/article/74340/lane-clark-ampamp-peacock-eyes-kpmg-uk-pensions-advisory-arm This year has been a phenomenal year for LCP Pensions British expats pensions risk being frozen under no deal Brexit News Aggregation Team Monday, September 02, 2019 1:00 am http://eubankers.net/article/74303/british-expats-pensions-risk-being-frozen-under-no-deal-brexit The move, which would affect current pensioners and people who planned to retire in EU countries, opened the threat of removing automatic increases that expat pensioners receive as a result of Britain's EU membership. Pensions Italian funds appoint Neuberger Berman to run joint private equity mandate News Aggregation Team Friday, August 30, 2019 1:00 am http://eubankers.net/article/74253/italian-funds-appoint-neuberger-berman-to-run-joint-private-equity-mandate The five investors in the consortium are Foncer, Fondenergia, Fondo Gomma Plastica, Pegaso and Previmoda. Pensions Platform growth to continue despite end of DB 'sugar rush' News Aggregation Team Friday, August 30, 2019 1:00 am http://eubankers.net/article/74263/platform-growth-to-continue-despite-end-of-db-amp039sugar-rushamp039 Data from the Lang Cat showed assets on advised platforms grew by 4.5 per cent in the second quarter of this year to £418.4bn but net flows were down 1.76 per cent in the quarter to £5.2bn. Pensions Catella advised in the divestment of Chr. Hansen’s expanding headquarter north of Copenhagen to PensionDanmark News Team Thursday, August 29, 2019 1:00 am http://eubankers.net/article/74222/catella-advised-in-the-divestment-of-chr-hansenamprsquos-expanding-headquarter-north-of-copenhagen-to-pensiondanmark The expansion project includes establishment of a modern innovation campus with laboratories for an additional 250 scientists to be completed in 2022. Pensions Govt told to increase state pension age to 75 News Aggregation Team Monday, August 19, 2019 1:00 am http://eubankers.net/article/74010/govt-told-to-increase-state-pension-age-to-75 The state pension bill has increased from £17bn in 1985/86 to £92bn in 2016/17, representing an increase from 3.9 to 4.6 per cent of GDP. Pensions Pension funds join class action against five banks News Aggregation Team Tuesday, July 30, 2019 1:00 am http://eubankers.net/article/73509/pension-funds-join-class-action-against-five-banks The claims are being made against Barclays plc, Citibank, Royal Bank of Scotland plc, JP Morgan and UBS. Pensions FCA plans clampdown on unsuitable pension transfer advice Tuesday, July 30, 2019 1:00 am http://eubankers.net/article/73518/fca-plans-clampdown-on-unsuitable-pension-transfer-advice The Financial Conduct Authority has today published a package of pension related proposals designed to improve the quality of pension transfer advice, and to help consumers get better value from their pension. Pensions National adviser supports FCA Ban News Team Tuesday, July 30, 2019 1:00 am http://eubankers.net/article/73516/national-adviser-supports-fca-ban The FCA proposes to ban contingent charging, which is the practice where the consumer only pays for advice if they elect to transfer. Pensions After Brexit – solving the border problem in a data driven world News Aggregation Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74757/after-brexit-ampndash-solving-the-border-problem-in-a-data-driven-world The data protection officer in your London office has confirmed that the UK is now deemed by the EU to be a 'third country' and they have asked you to confirm whether data flows from the Guernsey and Jersey offices to the UK will continue to be Brexit Forty per cent of UK assets under management held for foreign clients News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74716/forty-per-cent-of-uk-assets-under-management-held-for-foreign-clients These high market shares reflect the size of these countries' economies, their experience in financial services as well as their pool of savings accumulated over the years. Brexit Brexit: the breaking headlines of today are ‘old news’ by tomorrow News Team Monday, September 16, 2019 1:00 am http://eubankers.net/article/74655/brexit-the-breaking-headlines-of-today-are-amplsquoold-newsamprsquo-by-tomorrow It was interesting to talk to UK residents (British citizens or not) and hear their insights into the current situation. Brexit Why you should continue to advertise News Team Monday, September 16, 2019 1:00 am http://eubankers.net/article/74663/why-you-should-continue-to-advertise Consumers will not entrust their money with people they don’t know Brexit Brexit is creating a new kind of finance job in Europe News Aggregation Team Thursday, September 12, 2019 1:00 am http://eubankers.net/article/74580/brexit-is-creating-a-new-kind-of-finance-job-in-europe Risk Magazine suggested chaperones were coming last October and the Financial Times observed in April that banks in London would need post-Brexit chaperones to sit in on calls and in meetings with EU clients. Brexit Six African nations sign up to post-Brexit UK trade deal News Aggregation Team Thursday, September 12, 2019 1:00 am http://eubankers.net/article/74588/six-african-nations-sign-up-to-post-brexit-uk-trade-deal The UK is one of South Africa's largest trading partners, with bilateral trade valued at about $9.5 billion in 2018. Brexit FCA awareness campaign – no-deal Brexit News Aggregation Team Thursday, September 12, 2019 1:00 am http://eubankers.net/article/74589/fca-awareness-campaign-ampndash-no-deal-brexit To help firms prepare, the FCA will be running a series of digital adverts signposting to the FCA Brexit webpages Brexit Brexit – partial reprieve for free movement - Withersworldwide News Team Wednesday, September 11, 2019 1:00 am http://eubankers.net/article/74565/brexit-ampndash-partial-reprieve-for-free-movement-withersworldwide It conceded that primary legislation is needed to repeal free movement rights enacted under UK law Brexit Families Mull UK Capital, Asset and Residencies In Brexit Chaos News Aggregation Team Friday, September 06, 2019 1:00 am http://eubankers.net/article/74434/families-mull-uk-capital-asset-and-residencies-in-brexit-chaos “With a focus on long-term multigenerational planning they are not known to make knee-jerk reactions and now is no exception,” Grum said. Brexit Brexit ‘no-deal' preparedness: Final Commission call to all EU citizens and businesses to prepare for the UK's withdrawal on 31 October 2019 News Team Thursday, September 05, 2019 1:00 am http://eubankers.net/article/74410/brexit-amplsquono-dealamp039-preparedness-final-commission-call-to-all-eu-citizens-and-businesses-to-prepare-for-the-ukamp039s-withdrawal-on-31-october-2019 Every single business that trades with the UK, both in goods and services, will be affected by a ‘no-deal' scenario. Brexit Mediobanca SGR signs United Nations' Principles for Responsible Investment News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74768/mediobanca-sgr-signs-united-nationsamp039-principles-for-responsible-investment These days investment processes do not dare to leave environmental, social and governance factors out of the analysis, because everyone now agrees these are fundamental to achieving positive and sustainable results over time: for us, our clients, and the ESG Vontobel AM boutique launches new ESG fund News Aggregation Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74790/vontobel-am-boutique-launches-new-esg-fund Commenting on the launch, Benkendorf said: ‘Given our focus on the importance of sustainability and predictable long-term earnings growth of our holdings, we are already fishing in a “cleaner pond”. ESG Tackling the climate crisis: how responsible investment can help News Team Thursday, September 19, 2019 1:00 am http://eubankers.net/article/74802/tackling-the-climate-crisis-how-responsible-investment-can-help The greater the delay in responding, the greater the potential cost. ESG Fidelity rebrands funds and makes them ESG compliant News Team Wednesday, September 18, 2019 1:00 am http://eubankers.net/article/74756/fidelity-rebrands-funds-and-makes-them-esg-compliant All five ESG funds are required to have a minimum of 70% of their investments in sustainable characteristics ESG Merkel's govt to unveil strategy to tackle climate changeMerkel's govt to unveil strategy to tackle climate change News Aggregation Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74715/merkelamp039s-govt-to-unveil-strategy-to-tackle-climate-changemerkelamp039s-govt-to-unveil-strategy-to-tackle-climate-change Days before a UN climate summit in New York, Merkel's team was due to announce details as the top EU economy, once a green energy pioneer, is bound to miss its 2020 carbon reduction targets. ESG Guernsey’s growing green ecosystem News Team Tuesday, September 17, 2019 1:00 am http://eubankers.net/article/74730/guernseyamprsquos-growing-green-ecosystem Separately, Environmental & Social Impact Monitor (ESIM) is a not-for-profit accreditation service for island businesses, looking to contribute to Guernsey being recognised as a leading centre for green and sustainable business and finance. It rates b ESG JPMAM launches global macro sustainable fund News Aggregation Team Thursday, September 12, 2019 1:00 am http://eubankers.net/article/74576/jpmam-launches-global-macro-sustainable-fund The fund is a new addition to JPMAM's established suite of macro funds which have over €9bn in client AUM as of 31 July 2019. ESG Climate change ‘core’ to European Central Bank’s mission, says new head News Aggregation Team Wednesday, September 11, 2019 1:00 am http://eubankers.net/article/74553/climate-change-amplsquocoreamprsquo-to-european-central-bankamprsquos-mission-says-new-head The belief is everywhere — in the media, the public schools, universities, many religious dominations, and throughout the general culture. ESG MSCI reaches agreement to acquire Carbon Delta News Team Tuesday, September 10, 2019 1:00 am http://eubankers.net/article/74505/msci-reaches-agreement-to-acquire-carbon-delta The Carbon Delta integration will expand MSCI’s robust suite of climate risk capabilities with state-of-the-art modelling technology that supports climate scenario analysis and forward-looking assessment of transition and physical risks, as well as ESG Mirabaud obtains A+ in Principles for Responsible Investment News Team Tuesday, September 10, 2019 1:00 am http://eubankers.net/article/74506/mirabaud-obtains-a-in-principles-for-responsible-investment Mirabaud Group has improved its PRI scoring ti A+, placing it well ahead of the industry average. ESG