Month: March 2016
New non-dom rules in the UK make Monaco attractive again
Ever a popular destination for the world’s ultra-high net worth individuals, Monaco’s government continues to make efforts to attract the global super-rich to its shores, and they continue to flock in. Claire Coe Smith investigates,
read moreA client bought a yacht to ‘blast’ into Ibiza for parties
James Jaffa, lawyer at superyachts department, TLT Solicitors, also says financing of superyachts is seeing a revival.
read moreGucci and Aston Martin create stand out concepts
Sean McMillan, Spirit Yachts CEO and head designer, says that an oversupply of super yachts has resulted in strong competition to create more and more outstanding models.
read moreThe refugee crisis has added to yachting risks
Phil Cable, CEO of MAST, the international maritime security company, says that with an increasing number of people smugglers in the Mediterranean, Nato has deployed vessels to to disrupt criminal activity.
read moreMega yachts have DJ booths and floating perspex dance floors
Nic Arnold, head of luxury asset advisory at PwC, also talks about an emerging concept in Turkey to develop smaller sized superyachts designed to be lived on permanently.
read moreYacht business bounces back after credit crunch: €525,000 weekly charter fee for flagship vessel Axioma
Mark Duncan, commercial director of the super and mega yacht company, Yachting Partners International, also says that the costs of crewing and maintaining a yacht works out at ten percent of the sale price per year.
read moreMuslim charities help combat terrorism
Sir Stephen Bubb, CEO of Association of Chief Executives of Voluntary Organisations, warns against unfounded suspicions toward UK Muslim charities as some of the major banks withdraw charity accounts for fear of of falling foul of counter-terrorism legislation
read moreSyrian crisis sees rise in Muslim charities
Omayma El Ella, operations manager at Muslim Charities Forum, says that since the beginning of the Syrian crisis, many more Muslim charities have started up, increasing the competition for donations.
read moreMuslims give most money during Ramadan
Tufail Hussain, deputy director of Islamic Relief UK, says that some Muslim charities in the UK are attracting donors from the corporate world as UK businesses increasingly understand the importance of whole-scale diversity.
read moreMuslim charities encounter banking difficulties
Andrew O’Brien, head of policy and engagement at the Charity Finance Group who provide training to charities, says that Muslim charities have been affected negatively by UK counter-terrorism rules.
read moreNew EU Succession Regulation sends UHNW residency work to Malta
In February 2016, the Maltese government expanded its popular Citizenship by Investment Programme, to attract UHNW to the island. Claire Coe Smith investigates.
read more‘Rig counts’ have already contracted by seventy-five percent
Ian Barnard, founding partner at Capital Generation Partners, says that falling oil prices prompted consumers to save rather than spend, while investment and manufacturing related to energy have collapsed.
read moreClinton’s presidency is popular abroad but unpopular domestically
Joshua Rubenstein, national chair of the Private Client Services group at Katten Muchin Rosenman, comments on the US presidential candidates.
read moreThe aftermath of the Great Recession is still being felt
Patricia Angus, founder and CEO of Angus Advisory Group, says that private client sector doesn’t do enough prevent loss of assets across the generations, much at private clients, and industry, peril.
read moreTrump’s tax platform is not well defined, should he win
James Brockway, partner and Joint Wealth Planning Practice Group leader at Withers, says that even if Hillary Clinton is elected US President, her efforts to tax the rich would be buffered by Republican Congress.
read moreBusinesses need to use gender experts to develop training initiatives
Gina Heathcote, senior lecturer in Gender Studies and International Law and chair of the SOAS Centre for Gender Studies, talks about three key things that businesses need to do to get more women into the leading positions.
read moreThe young generation will not compromise on work-life balance
Louise Bracken-Smith, managing director at Fairway Trust, says her group supports flexible working to remain attractive for the young professionals.
read moreWe all have masculine and feminine sides and these are not related to gender
Chairwoman Liz Henson, senior tax partner at PwC, gives an overview of the 7th March Citywealth Second Powerwomen Summit.
read moreWomen need to review industry salary standards to gain better pay rises
Dr Almuth McDowall, senior lecturer at Birkbeck University, says there is much untapped talent in the corporate world and we need to sponsor women to encourage them to step forward.
read moreA little bit of encouragement goes a very long way with junior lawyers
Jane Keir, senior partner at law firm Kingsley Napley, also says flexible working is effective and promotes staff loyalty.
read moreThe world has different expectations for men and women
Muna Jawhary, women’s rights advocate and author of ‘Women and False Choice: The Truth about Sexism’, talks about the myths that hold women back from reaching their full potential in the workplace.
read moreCharities issues include working in disadvantaged and politically unstable countries
Petra Ingram, CEO, The Brooke, a charity helping working animals, says she has particularly high respect for CEOs in the charity sector who remain in their roles for more than five years because it takes resilience to lead a charity to the next level
read moreSome of our biggest successes are achieved only after years of persistence
David Nussbaum, CEO, WWF UK says managing dominant founders can be an issue because charities are started by entrepreneurial people who don’t always take kindly to proper governance.
read moreCharity is still a business and it needs to succeed
Claire Horton, CEO, Battersea Dogs & Cats Home says a charity CEO needs to hold themselves to the highest standards, be honest, open and very transparent.
read moreCharities often forget to say a proper thank you to donors
Debra Allcock-Tyler, CEO, Directory of Social Change says of fundraising: “money matters, but it is the mechanism by which our work is achieved – not the driver.”
read moreEthics are the foundation of a charity brand and its impact
Simon Hopkins, CEO, Turn2us who fight UK poverty, says passion can steamroller the objectivity of decision making in charities. The key is to remember that you’re still running a business.
read moreCharities will always have more great ideas than there are resources
Paul Breckell, CEO, Action on Hearing Loss says it is not just things that can be easily counted that count. A mix of numbers and stories is essential.
read moreCharities try to be everything to everyone and don’t say no enough
Rob Williamson CEO, Community Foundation says no money or support of any kind comes to a charity without trust and reputation. So investing in those is core to everything we do.
read moreCharity is like business but there is a crucial emotional engagement with the cause
Robert Robson, CEO, Royal Navy & Royal Marines Charity says charities need a great cause, solid teamwork and making a difference to strengthen the brand but if he had to choose he says it’s more about getting behaviours right.
read moreWe saved local and national government £360 million in one year
Gillian Guy, CEO, Citizens Advice says a recent impact report showed that every £1 spent on Citizens Advice services delivers benefits for their clients equivalent to nearly £11.
read morePowerwomen Awards 2016: companies and individuals who support diversity
The Citywealth Powerwomen Awards, now in their third year, took place on 3 February 2016. The awards commend individuals and companies who maximise the potential of women in wealth, supporting and promoting diversity.
read moreCharity leaders need “independence and a degree of bloody mindedness”
Henny Braund, CEO, Anthony Nolan says fundraising is key to every charity’s survival: a modern approach includes an entrepreneurial spirit and innovative use of digital technology
read more