Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
Popularity of emerging markets equity and bond funds surged last week after the Federal Reserve in the US signalled it would keep interest rates at rock-bottom for another three years.
Butterfield Private Bank has confirmed its head of private banking Danny Dixon and CIO David Stewart have both left the firm.
The IMA’s chief executive, Richard Saunders, has come out against accusations of hidden charges in the funds industry, saying they are a complete myth.
European investors sought no shelter for their cash in mutual funds in 2011, with outflows for the year totalling 119bn across equity, bond and money market funds.
Vanguard is set to list its first exchange-traded products in Europe following delays with regulators and concerns about market conditions for launch, Portfolio Adviser understands.
John Husselbee is looking to put his cash to work thanks to the positives of the eurozone solvency crisis abating, the US economy growing and a soft landing in China becoming more of a reality.
Barclays Capital has launched a five-year structured product targeting returns of 46.5% without requiring equity growth from the underlying investment.
Emerging Europe, Russia and Africa specialist investor Renaissance Asset Managers has acquired two further funds from Griffin Capital Management.
Barclays is looking to expand its business in the sector, Brewin Dolphin has beefed up its London office, and Quilter has pledged not to make any job cuts or office closures. From where we’re sitting it all sounds fairly positive in the world of wealth management.
Brewin Dolphin has laid off five people from its Aberdeen office just days after announcing four senior hires for its London premises and following the opening of a new office in Bristol.
Morgan Stanley has launched new issues of its FTSE Booster and FTSE Protected Growth Plans, making the latter its longest-ever running plan, now its 46th tranche.
