rdr effect seen on offshore bond sales to uk
New business sales of offshore bonds into the UK market last year ended up a fifth below 2011’s levels, which in turn were down more than 7% from the previous year, as investors shunned equities and similar investment products.
northstar acquired by uk based eden rock
Bermuda domiciled annuity and life insurance company Northstar Financial Services has been purchased by Eden Rock Group, a UK based alternative asset manager.
commission disclosure law hits hong kong
Financial advisers selling investment linked insurance products in Hong Kong will have to disclose commission to their clients, under new rules released at the end of April by the Hong Kong Federation of Insurers (HKFI).
United Kingdom | 7 May 13
ioms vantage corsium merge
Two Isle of Man corporate and fiduciary services providers have merged to form a new entity which will bear the name of a well-known maritime services provider Döhle.
United Kingdom | 7 May 13
alliance leicester intl rebrand as sandander
As of today, Alliance & Leicester International, the Isle of Man-based international banking arm of Santander, is no more, and in its place, its customers have the red logo and accompanying services of Santander.