News 18 Jan 18
Globaleye committed to Asia just not HK for now, Searle says
The impact of new regulations and the high cost of operating in Hong Kong prompted international advice firm Globaleye to make the strategic decision last year that its local operation had no “viable future”, says chairman Tim Searle.
PEOPLE MOVES: St James’s Place, Jupiter and Credit Suisse
St James’s Place has made two senior hires from The Fry Group in Singapore, Jupiter Asset Management has parted ways with its head of UK retail and Credit Suisse has boosted its Asia investment team.
Saudi expat tax rumours not true, confirms ministry
Saudi Arabia’s Ministry of Labor and Social Development has categorically denied a rumour that expat workers in the kingdom will be hit with a 10% tax on their monthly salaries.
UAE advisers taking cautious approach to VAT
Financial advisory firms operating in the UAE say while they still have questions about how the government’s new Value Added Tax (VAT) impacts the financial sector, it is better to be safe than sorry and assume it applicable to the services they provide.
Five views on how UAE advisers must tackle industry transition
How ready are financial advisers for the wave of new rules expected to be firmed up and introduced by regulators in the UAE during 2018 and beyond?