Month: June 2015
Career management – would your star shine better elsewhere?
A star will only shine if the organisation they are in supports them right down to their DNA.
read moreIn China it is unlucky to discuss death
Catriona Syed, private wealth partner at Charles Russell Speechlys, says there is a great reluctance to deal with any estate planning in China as it is unlucky to discuss death.
read moreInternational succession planning is no longer only for the very wealthy
James Ward, partner at Seddons, says even the clients with assets between £1 million to £10 million now have an international element to their succession planning.
read moreFamily politics can get in the way of succession planning
Penny Lovell, head of client services at Close Brothers Asset Management, says organisations like Tiptree Jam are looking at employee ownership structures for their succession plan.
read moreSuccession planning for a billionaire Saudi family
Mark Buzzoni, partner, and Kyra Motley, associate at Taylor Wessing, also assisted a billionaire Nigerian family with a number of assets in seven different jurisdictions worldwide
read moreOne size does not fit all
James Howe, director and head of private client at Hawksford, says clients are increasingly comparing multiple jurisdictions and take time to review tax and legal options.
read moreJersey woos the world’s wealthy
Clients from CIS, Africa and the Middle East increasingly view Jersey as their jurisdiction of choice for asset protection structuring.
read moreCyprus bounces back with focus on HNWIs
The citizenship-by-investment programme that offers all the benefits of an EU member-state passport to the individuals investing more than €2.5 million on the island, has proved attractive to many HNW clients
read morePension Freedoms bring choice but also risk
Ian Price, divisional director at St. James‘s Place, comments on the new ‘pension freedoms’, highlighting that the UK remains seriously underprepared for retirement
read moreGoogle, Facebook and ancestry.com blossom in Ireland
John Gill, partner at Matheson, talks about Dublin’s tech hub that has become internationally known as “Silicon Docks”
read moreConsiderable expansion of tech industry start-ups in the North
Michael Shimmin, chairman of Fedelta, says the young wealthy entrepreneurs have a completely different outlook to wealth preservation.
read moreAmericans are investing more aggressively in the European market
Robert Ahldin, partner at GP Bullhound, also talks about the influence of syndicates in Europe as the majority of tech companies received investment from several institutional investors to reach their billion dollar valuations.
read moreFemale tech entrepreneurs are on the rise
Guy Rigby, partner at Smith & Williamson, also talks about the UK’s biggest tech industry selloffs and where does money go
read moreCayman: flying the flag for top talent
Against tough competition from the British Virgin Islands, Bermuda and the Bahamas in particular, the Cayman Islands are shooting up the popularity stakes as an offshore jurisdiction of choice for wealthy families.
read moreSwitzerland’s new dawn proves tricky
The new regulations have made the lives of bankers in Switzerland very difficult, but many of the institutions had prepared themselves for this years ago
read moreUK company ownership register raises privacy concerns for business owners
Although the new regime may prevent wrongdoing, it does raise some privacy concerns for individuals with legitimate business interests
read moreLuxembourg’s fund expertise quietly prospers
In a time of such global regulatory change and pressure, one thing that truly sets Luxembourg apart is the open and supportive culture of its policymakers
read moreThe world’s HNWIs seek rock residency
Gibraltar thrives as wealthy individuals look more closely at the substance of where they base their businesses and take up residence, given the global clampdown on the use of low-tax jurisdictions.
read morePolitical risk forces individuals to protect what they have and love
Michael Giraud of the Salamanca Group in Jersey, says if the London property market fell by 20%, this loss is significantly less than the loss many purchasers would suffer in their home jurisdiction.
read moreOil prices are not causing undue financial strain
Christophe Lalandre, managing director of Lombard Odier’s Dubai office, says Islamic Banking will establish itself as distinct sector
read moreSyrians have always been prepared for a flight to safety
David Freeman, consultant at Thomas Eggar, says there is an unspoken London club which the Middle Eastern community wants to be a member of.
read moreInvesting money abroad is very controversial for religious reasons
Investing in business outside of the UAE is taboo and can have serious consequences for high-profile individuals
read moreQatar’s most wanted man: Pablo Picasso
Dr Frederick Mulder CBE, chair of Frederick Mulder Foundation that supports art projects in London, says art purchasers from oil-rich countries outbuy the Chinese.
read moreJewellery is selling fast
Adrian Biddell of Waterhouse & Dodd, who is former Sotheby’s expert, also says America is still a purchasing powerhouse.
read moreArt is too easy to trace to be used for bribes
Joshua Rubenstein, National Head of Trusts & Estates of Katten Muchin Rosenman, also says the US is the leading market place for sales of the highest priced art and antiques in the world
read moreRecord Post-War and Contemporary auction sales propped up by financial guarantees
Art Tactic latest study reveals the reasons behind the record sales at the world’s top auction houses
read moreSotheby’s win in their battle for market share with Christie’s
Anders Petterson, lecturer at Sotheby’s, says a bronze statue by Swiss artist Alberto Giacometti, “Man Pointing”, set a new record for the most expensive sculpture sold at auction, fetching $141.3 million
read moreArt of elegant bribery
Becky Shaw, solicitor, and Simon Fitzpatrick, partner at Boodle Hatfield say government efforts to prevent the export of important art works out of the UK has saved many national treasures rom ending up in wrong hands.
read moreGuernsey’s wealth industry goes full circle
Guernsey’s wealth management industry has quickly moved up a gear in recent years to keep pace with global pressure on offshore tax structuring and a drive for transparency.
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