News
Chinese conglomerate buys $52m stake in Brazil wealth manager
Chinese insurance and investment group Fosun has added wealth management to its operations after announcing it is to acquire a Brazilian wealth manager for $52m (£37.3m, €42.3m).
Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
PEOPLE MOVES: JP Morgan, Rothschild, Julius Baer
JP Morgan’s head of UK funds leaves the firm to “pursue other opportunities”, the chairman of Rothschild Investment Bank prepares to pass the reins over to his son and Julius Baer makes an appointment to its Guernsey branch management board.
Best Practice | news 27 Feb 18
Shakira hit with €20m tax bill in ongoing Spain residency row
Expats in Spain who are not 100% clear on their residency status should pay careful attention to the more than €20m paid by Colombian singer Shakira to Spain’s Treasury for failing to pay tax on her worldwide income.
Investment | news 27 Feb 18
Active overshadows passive for European investors
New Morningstar data shows that around 16% of European assets invested in funds were held in passive strategies in January 2018, much less than many had expected.