People Moves | 8 May 13
offshore sales director leaves jupiter
Jupiter Investment Management has confirmed that offshore sales director Simon O'Donoghue has left the business.
spain rules against extradition hsbc data thief
Spain has ruled against extraditing a former HSBC employee who is wanted in Switzerland on charges of stealing data on tens of thousands of bank accounts that a number of European countries have used to pursue suspected tax evaders, according to Reuters.
Tax & Regulation | 8 May 13
ailo writes to two meps in fight to change regs
The Association of International Life Offices has written to two members of the European Parliament in a new salvo to get life products treated differently from investment funds, while also acknowledging that it faces an “uphill struggle” in getting this message across.
la mondiale europartner strikes offshore
One offshore bond seller that saw new business sales leap last year by some 55%, after almost doubling the year before was Luxembourg-based La Mondiale Europartner, the international division of Paris-based insurer AG2R La Mondiale.
uk distributed new biz bond sales 2012
New business sales of offshore bonds into the UK market ended 2012 a fifth below 2011’s levels, which in turn were down more than 7% from the previous year, as these charts reveal.