Bahamas
Bahamas private bank buys rival
Deal allows the acquirer to ‘expand our reach and capacity’
Swiss private bank sells off Bahamas wealth arm
As a ‘select number of key investment managers’ become minority shareholders at its Italian subsidiary
Bahamas to introduce 90-day minimum residency for tax status
Move followed criticism of the country’s residence-by-investment programme
Hansard Global inches closer to Japan licence
But long-term savings provider reports ‘mixed results’ as it repositions its business
Hansard’s Bahamas move branded ‘disappointing’
Senior figures in the Isle of Man life insurance sector have criticised Hansard’s decision to set up a company in the Bahamas, which the insurer admits was partly driven by the looming commission disclosure rules.