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PEOPLE MOVES: Rothschild, Moore Stephens, Fidelity Int’l
A BlackRock alum has joined Edmond de Rothschild Asset Management as global head of business development. Accountancy network Moore Stephens has launched a US tax offering in London and appointed a triple qualified tax specialist to head it up. Fidelity International has lost a 13-year veteran.
FCA orders £66m refund for collapsed Connaught investors
The UK financial watchdog has publicly censured Capita Financial Managers (CFM) and ordered it to pay up to £66m ($86.6m, €74.6m) to investors who suffered losses from investing in the firm’s now-liquidated Connaught Income Fund, Series 1.
The Fry Group launches Singapore discretionary service
Global financial advisory group The Fry Group has launched a discretionary investment service in Singapore, giving clients the option to delegate some or all of their ongoing investment decisions to the firm.
News 7 Nov 17
The race for the Isle of Man’s new banking licence is on
Competition to become the first Isle of Man company to gain an Alternative Banking Regime (ABR) licence is hotting up and Capital International Group is optimistic about its chances.
News 7 Nov 17
PFS strikes ‘gateway’ deal for international clients
The UK’s Personal Finance Society has struck a deal with the European Financial Planners Association to align its qualifications framework with counterparts across the continent.
News 6 Nov 17
Prosecutions unlikely following Paradise Papers leak
Recent legislative changes to prevent the facilitation of tax evasion are not retroactive, so it is unlikely that there will be any prosecutions in the UK arising from the cyber attack on Bermuda-headquartered law firm Appleby, a partner at law firm Corker Binning has said.