The safe havens often quoted in the financial world are in demand, inflation is back. If the safe havens are taken literally and find their way into portfolios as the basic infrastructure, they can be useful as inflation protection and profiteers. A guest contribution by Robin Jakob, Managing Director of LPX. “Transitory” was probably one […]
UBS wants to reorganize wealth management in several European countries and some emerging markets. According to a media report, the restructuring brings new responsibilities in addition to changed structures. UBS is planning to reorganize wealth management for important European countries and some emerging markets (WM EEM). This is reported by the online portal “Finanz und […]
In addition to Luxembourg, Frankfurt is to become one of the main pillars of Julius Baer, as Boris Collardi told the international news channel Bloomberg TV. The CEO of the Swiss private bank gave further insights into the future corporate strategy. “Luxembourg and Frankfurt will be the pillars of our corporate strategy,” said CEO Boris […]
[FRANKFURT] Only 10 major European banks may need to raise capital as a result of the rollout of new global rules and their shortfall could be smaller than 27 billion euros, according to draft European Union regulation seen by Reuters. The impact would be much smaller than the 52.2 billion euros estimated by the European […]
Goldman Lampe Private Bank announced the launch of its new internet banking platform, from which users are allowed to exchange cryptocurrency between fiat and crypto itself. An exchange of any amount can be deposited directly into the user’s fiat account held by Goldman Lampe. Following the Goldman Lampe Bank’s announcement of its purchase of 150 […]
A group of investors have failed to bring a case against a Gibraltar-based pension trustee for recommending unregulated collective investments as part of their qualifying recognised overseas pension schemes (Qrops). Castle Trust & Management is a company registered in Gibraltar and operates as a professional trustee company. It is the trustee of two Qrops, which […]
The European Union Agency for Criminal Justice Cooperation (Eurojust) and Europol have worked with several European countries to take down a fraudulent online German investment platform. The platform scammed victims for at least €15m (£13m, $17m). Eurojust said in a statement: “The main suspect ran a professional-looking trading site in so-called binary options, which projected high […]
US-headquartered wealth manager Focus Financial Partners (Focus) masts its roots firmly in the states, but it is continuing to flex its muscles in the global advice market. The firm recently bought Trident Financial Planning for an undisclosed sum, making this its second UK acquisition in 2021 via its “global consortium” partner firm Connectus Wealth Advisers. The […]
Apex Group has wrapped up its acquisition of ARM Swiss Representatives (ASR), after securing the clearance of FINMA. The deal, announced by the firm in August this year, will help Apex offer enhanced regulatory compliance and distribution services to its Swiss clients. ASR will now operate under the Apex sub-brand, Fund Rock, strengthening the group’s local […]
Switzerland has always been considered the go-to country for any matter relating to wealthy people’s finances. But recently, a growing number of jurisdictions have introduced favourable regimes for expats to move, do business in, or even retire to, such as Dubai, Singapore, Hong Kong and the Channel Islands. As the financial world becomes more competitive […]