Category: Opinion

‘Personalizing Climate-Focused Wealth Management Portfolios’ with Jean-Maurice Ladure

Author: Bumblebee Design | Date: 01 Feb 2022

Jean-Maurice Ladure talks about wealth management portfolios able to take into consideration clients’ preferences on climate change.

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Can banking institutions unilaterally impose new policies on clients with housing loan agreements?

Author: Bumblebee Design | Date: 26 Jan 2022

Mr Savvas Savvides, Partner for Michael Kyprianou & Co LLC, talks about banking institutions and whether they can unilaterally impose new policies on clients with housing loan agreements.

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Playing the waiting game

Author: Bumblebee Design | Date: 18 Jan 2022

James Godrich of JM Finn explains why he thinks that a patient approach can lead to short term drawdowns but remains the right strategy for long term returns.

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‘Til divorce us do part…

Author: Bumblebee Design | Date: 18 Jan 2022

The first working Monday of the New Year is often referred to as “divorce day” in the press. Extended time with family can unleash resentment and compound long term problems. But is divorce a seasonal move and is Christmas really to blame? Karen Jones, Editor at Citywealth gets the expert update

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Tech island: the Isle of Man

Author: Bumblebee Design | Date: 15 Dec 2021

Citywealth’s April French Furnell delves into the Isle of Man offering to find out why it’s becoming so popular with HNW tech entrepreneurs.

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Themes and changes: Citywealth’s Review of 2021

Author: Bumblebee Design | Date: 15 Dec 2021

“Another year over, a new one just begun”, as the song goes. Here’s Citywealth’s review of 2021.

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A guide to making M&A work: part four – Watching out for fraud

Author: Bumblebee Design | Date: 14 Dec 2021

This fourth and final article in this M&A Mini Series deals with the issue of fraud.

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A guide to making M&A work: part three – Getting Implementation Right

Author: Bumblebee Design | Date: 07 Dec 2021

This third article addresses the importance of a successful implementation.

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ESG investments reviewed

Author: Bumblebee Design | Date: 26 Nov 2021

Citywealth’s April French Furnell asks the industry, what challenges lie ahead as ESG products increase but reports of different standards brings confusion to investors.

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Hong Kong update with Clifford Ng, Zhong Lun

Author: Bumblebee Design | Date: 24 Nov 2021

Ahead of the IFC Awards on the 26th January 2022, Citywealth spoke to Clifford Ng, head of the private client practice at law firm Zhong Lun’s Hong Kong office to discuss the growing prominence of Hong Kong as a booking centre for clients, succession planning and compliance.

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A guide to making M&A work: part two

Author: Bumblebee Design | Date: 18 Nov 2021

The second article in this four-part series explores: What is culture and why does it matter?

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Meet the Leaders of Tomorrow

Author: Bumblebee Design | Date: 18 Nov 2021

The workplace we used to know is shifting as new generations enter the workforce with unique perspectives on how to inspire others to take action for a better world. The skills that leaders will need to possess in the future are also changing and adapting to the new requirements of the working world

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Celebrating a year of tenacity: Magic Circle Awards 2022

Author: Bumblebee Design | Date: 18 Nov 2021

17 May 2022 will mark the return of our in-person Magic Circle Awards gala dinner, our flagship awards where we recognise the talent and achievements of the private wealth sector during the past 12 months.

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Family office tentacles dig into private market investments

Author: Bumblebee Design | Date: 15 Nov 2021

Family offices, with an estimated $5.9trillion of assets under management, are deploying a growing portion of their assets to the private equity and debt markets. Citywealth’s April French Furnell spoke to family office advisors to find out the reasons why.

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Bitcoin is past the beta stage

Author: Bumblebee Design | Date: 10 Nov 2021

The top 100 Crypto advisors and managers will shortly be informed of their ranking. Keep an eye out across social media for the accredited logos.

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Crypto conference: Token2049 London

Author: Bumblebee Design | Date: 08 Nov 2021

London Crypto Week, organised by Token2049, who seem to be predominantly based in Hong Kong, arrived in London on 4-10 Oct, to showcase various crypto businesses or crypto ‘natives’.

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A guide to making M&A work: part one

Author: Bumblebee Design | Date: 04 Nov 2021

The first in this four-part series will describe the two most prevalent deal types currently being practiced in the market: Share purchases (bricks and mortar) or asset deals (the buying of accounts).

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Crypto taxes: payment in pounds, dollars or eth sir?

Author: Bumblebee Design | Date: 01 Nov 2021

As HMRC nudge letters arrive at the homes of crypto asset owners, urging them to check they have paid the right tax, Citywealth’s April French Furnell spoke to tax advisors to find out everything UHNWs need to know to stay on the right side of HMRC.

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Philanthropists in the spotlight

Author: Bumblebee Design | Date: 27 Oct 2021

Citywealth puts three philanthropists under the spotlight to find out about their passions: celebrating mother earth, wildland restoration and climate action

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Female wealth: The rise of the matriarch

Author: Bumblebee Design | Date: 20 Oct 2021

As equality kicks into the private wealth industry, Citywealth spoke to advisors to find out how they are evolving their services to meet the needs of this growing client base.

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You better work bitch: Conservatorships in the US

Author: Bumblebee Design | Date: 04 Oct 2021

Citywealth spoke to lawyers in the US to find out whether the model is still fit for purpose and what the Britney Spears case means for the future of conservatorships.

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Techpreneurs – the ups and downs of becoming a tech billionaire

Author: Bumblebee Design | Date: 29 Sep 2021

Citywealth called upon the expertise of lawyers with experience advising tech companies from seed through to fundraising and exit, as well as investors and techpreneurs themselves, to find out the secret to ‘crossing the chasm’.

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Private Relocation to Switzerland

Author: Bumblebee Design | Date: 06 Sep 2021

Times are turbulent and many of our entrepreneur clients are currently asking how they could relocate to Switzerland, either alone, with their business or with their families.

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Private Relocation to Switzerland

Author: Bumblebee Design | Date: 06 Sep 2021

Times are turbulent and many of our entrepreneur clients are currently asking how they could relocate to Switzerland, either alone, with their business or with their families.

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Family business succession: “Neither life nor success can be taken for granted.”

Author: Bumblebee Design | Date: 23 Aug 2021

Citywealth’s April French Furnell spoke to family advisors to find out some key indicators for a successful handover.

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Introducing the Top 100 Private Client lawyers

Author: Bumblebee Design | Date: 17 Aug 2021

As an exceptional Private Client Lawyer, building strong relationships and going above and beyond for clients in any given circumstance is the norm. The start of the pandemic saw increased media reports of domestic abuse, financial problems, mental anxiety, and situations never encountered before. W

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3 tips for your first steps with cryptocurrency

Author: Bumblebee Design | Date: 08 Jul 2021

Digital currency has been at the forefront of public interest since 2009 when Bitcoin was first launched; nowadays, it is even more desirable due to the introduction of NFTs. During last year we, at Citywealth, have hosted several discussions with specialists on the topic and are glad to share some

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An update on CHINA and HONG KONG

Author: Bumblebee Design | Date: 05 Jul 2021

China’s burgeoning billionaire population seeks wealth management closer to home

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The Green Pass and freedom of movement for European citizens

Author: Bumblebee Design | Date: 28 Jun 2021

The unprecedented spread of the coronavirus pandemic that has paralysed the planet for more than 18 months has brought with it severe restrictions by all countries and this has had a huge impact on both the movement of citizens and their freedom of movement within and outside the European Union

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ESG branding with B-Corps?

Author: Bumblebee Design | Date: 22 Jun 2021

With so many new products and offerings coming to the market, how can you avoid being accused of greenwashing so that clients wanting to invest are sure their money is making the impact they expect? One way, says April French-Furnell, is to check if the company has B-Corp Certification.

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Is now the time for income investors to adopt a total return approach?

Author: Bumblebee Design | Date: 21 Jun 2021

Whilst Governments and Central Banks around the world have acted quickly to mitigate some of the consequences of the Covid-19 crisis, we are all too well aware that those investors looking for income are feeling the effects.

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Debunking four common divorce myths in the UK

Author: Bumblebee Design | Date: 03 Jun 2021

As lockdown slowly lifts in the UK and a flurry of divorce instructions are anticipated, Citywealth puts the record straight on four common myths with the help of some of the leading divorce lawyers in the UK.

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Five trends wine investors need to know right now

Author: Bumblebee Design | Date: 25 May 2021

Considering whether to buy or sell your Bordeaux? Interested in rare wines from Napa? Matthew O’Connell, Head of Investment at Bordeaux Index shares his five trends to watch for the savvy investor.

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Winners of the Magic Circle Awards 2021: a review of their year

Author: Bumblebee Design | Date: 25 May 2021

The winners in this year’s awards proved that they can operate and perform at a high level, and meet the unique challenges that we’ve seen in the past 12 months.

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Gender Diversity on Boards – Moving the Dial?

Author: Bumblebee Design | Date: 24 May 2021

My personal pledge is to raise awareness of the importance and progress being made around gender diversity at a board level.

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POV: Bitcoin beginner overview

Author: Bumblebee Design | Date: 11 May 2021

Karen Jones, Editor, Citywealth, takes on the crypto market after four years of research

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NFT Mania: innovation frontier

Author: Bumblebee Design | Date: 11 May 2021

Citywealth’s April French Furnell asks: Why are NFTs growing in popularity and what should investors know before adding them to their art collection?

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Who are the top 10 accountants of 2021?

Author: Bumblebee Design | Date: 10 May 2021

In the interest of our readers, Citywealth is pleased to present the Top 10 Accountants of 2021 serving the UHNW segment of the market.

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Investing: the rise of the credit fund

Author: Bumblebee Design | Date: 27 Apr 2021

Citywealth’s April French Furnell explores the investment opportunities and challenges ahead because the true investment challenge is to perform well in difficult times.

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Top 5 Best pieces of advice from Citywealth’s Philanthropic Advisors

Author: Bumblebee Design | Date: 27 Apr 2021

Philanthropic advisors play a pivotal role in helping donors achieve their mission and clarify their values and strategy. Therefore, we’ve prepared a selection of the most valuable suggestions from five of the Citywealth’s Top Philanthropic Advisors this year.

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Citywealth’s Editorial Board

Author: Citywealth | Date: 15 Apr 2021

Citywealth is pleased to unveil its Editorial Board.

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Ireland update

Author: Bumblebee Design | Date: 14 Apr 2021

According to data from Knight Frank’s annual Wealth Report, it now takes more money to join the richest one percent of the population in Ireland than it does anywhere else in the EU, with Ireland’s top percentile each worth more than €2.6 million each

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Corporate culpability

Author: Bumblebee Design | Date: 31 Mar 2021

The last financial crisis saw huge ponzi schemes such as Madoff and Stanford come to light, so it seemed a prudent time for Citywealth’s April French Furnell to ask: is fraud on the rise and should investors be wary?

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Introducing Citywealth’s Leaders List: Top Recommended Philanthropic Advisors 2021

Author: Bumblebee Design | Date: 22 Mar 2021

Citywealth’s Leaders List is pleased to unveil the Top Recommended Philanthropic Advisors 2021. These advisors across the UK and US are the leading professionals in the field as decided by independent peer research conducted in early 2021.

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International Powerwomen: Choose to Challenge

Author: Bumblebee Design | Date: 15 Mar 2021

This March, Citywealth is celebrating Women’s History Month. Championing women across one day is not enough, so we’re continuing the narrative we started nine years ago when launching the Powerwomen Awards across this month, and into the future.

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5 Leaders’ tips for great networking

Author: Bumblebee Design | Date: 12 Mar 2021

Networking, the key to success in the business arena. To makes sure we have expert advice, we asked Tim Bailey, Portfolio Director at Cazenove Capital to share 5 of what he believes are the best practices when it comes to networking:

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Empowered women empower women: 3 success stories from our Powerwomen Awards

Author: Bumblebee Design | Date: 10 Mar 2021

Empowered women empower women: 3 success stories from our Powerwomen Awards

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Supercars – putting bumper stickers on a Bentley

Author: Bumblebee Design | Date: 01 Mar 2021

Supercars are a passion investment but the market has cooled. If you are looking for a quick profit, look elsewhere. But if you are looking to invest as a purist and for the roar of the engine, then you’ll be welcomed into the club with open arms.

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What can business learn from crises?

Author: Bumblebee Design | Date: 16 Feb 2021

In her latest book, Uncharted, Margaret Heffernan – CEO, mentor, TED speaker with +12million views – presents uncertainty as a fuel for change. Written pre-COVID, there are many lessons to be learnt by businesses in this current crisis and opportunities to be seized upon.

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Teleworking Vs COVID-19

Author: Bumblebee Design | Date: 15 Feb 2021

In light of the coronavirus pandemic where workers leave their offices and work from home, it brings to the fore the need for special arrangements, if not through legislation, at least at the level of sectoral Collective Agreements, argues Savvas Savvides

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CFC St Moritz: Are you ‘all in’?

Author: Bumblebee Design | Date: 15 Feb 2021

Bitcoin makes it. Karen Jones, Editor, Citywealth imo review of CFC St Moritz virtual day and the crypto industry

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Tax, tax and more tax

Author: Bumblebee Design | Date: 15 Feb 2021

Ahead of UK chancellor Rishi Sunak’s March Budget, the rumour mill is once again in overdrive as to whether tax reliefs will be in the firing line and if so, which ones.

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USA: a whirlwind with Covid and Biden election

Author: Bumblebee Design | Date: 02 Feb 2021

Last year was the perfect storm for the private wealth industry in the US.

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Philanthropy: attempting the impossible

Author: Bumblebee Design | Date: 26 Jan 2021

“Philanthropists were up against it before COVID-19, but it’s brought to light that philanthropy needs to be highly strategic, data driven and ultimately it needs to go to scale to be successful”.

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Empowered women empower women

Author: Bumblebee Design | Date: 22 Jan 2021

Great authority, influence and responsibility is what we often associate with women in power, more and more often. Around the world, women now have more power than ever before, with a rise in decision-making forums and domains, be them public or private, individual or within a company.

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Global update: IFCs

Author: Bumblebee Design | Date: 12 Jan 2021

As 2021 brings us back to work with the first struggle to remember our passwords, the Citywealth team’s sights are set on the upcoming IFC Awards 2021 which we’ll be hosting virtually on the 23rd February. What better time to get an update from across the private wealth industry.

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Enjoy a curated tour of The National Gallery’s ‘Artemisia’ from home

Author: Bumblebee Design | Date: 12 Jan 2021

Join exhibition curator, Letizia Treves, on a 30-minute tour of the five-star exhibition, ‘Artemisia’ at the National Gallery for just £8.

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Modern privacy. When no news is news

Author: Bumblebee Design | Date: 08 Dec 2020

Citywealth’s April French Furnell investigates how wealthy families and celebrities can stop themselves from being thrown to the ‘dogs’.

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Cayman sees off Covid and blacklisting to end 2020 on a high

Author: Bumblebee Design | Date: 25 Nov 2020

The year 2020 has been a rollercoaster for all nations, but for Cayman in particular it has been a year of two halves.

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The Cayman Islands: A jurisdiction of choice for family offices

Author: Bumblebee Design | Date: 24 Nov 2020

In a new body of research commissioned by Dart Real Estate, the Cayman Islands is identified as a leading jurisdiction for establishing an international family office.

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3 huge advantages to joining our user-rating site Leaders List

Author: Bumblebee Design | Date: 12 Nov 2020

How many times, as a wealth management expert, have you felt that you have done amazing work, but not too many people from your network (clients, partners) really knew about it?

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The pandemic wallet

Author: Bumblebee Design | Date: 10 Nov 2020

2020 was, as one private client advisor frankly said, “a crappy year”, not only for public health but also for companies who had to reconfigure to cope with the dramatic change in economic decisions.

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Careers during COVID

Author: Bumblebee Design | Date: 27 Oct 2020

Office rules were upended during the pandemic, so April French-Furnell pondered the ‘Ultimate Question of Life, the Universe, and Everything’, and she found herself wondering “can you still impress your boss over Zoom?”

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UK Property: still a land of milk and honey

Author: Bumblebee Design | Date: 13 Oct 2020

Looking to pick up a multi-million-pound bargain in London? Well 2020 could be the year you land on your feet.

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Click and pay art purchases: Have Cate Blanchett in your living room

Author: Bumblebee Design | Date: 28 Sep 2020

Are crowded galleries and glitzy opening nights, a thing of the past for the art world? Like many aspects of life, purchasing and experiencing art, has also been affected by the coronavirus pandemic, yet as Citywealth’s April French Furnell explores, innovation is the answer.

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Get orf my land!: Landed estates and The Agriculture Bill

Author: Bumblebee Design | Date: 16 Sep 2020

Forget the image of the old-fashioned landed estate owner resting on his laurels, today’s landowners are land entrepreneurs who embrace change to sustain their operations, according to advisors to the UK’s largest landed estates.

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Surrogacy and egg freezing guide. Read our advice from advisors to celebrities like Kim Kardashian

Author: Bumblebee Design | Date: 19 Aug 2020

Despite the increasing number of children born via surrogate, this path to parenthood is far from simple.

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Moving to Monaco: more than a bolthole

Author: Bumblebee Design | Date: 05 Aug 2020

A few years ago, the average billionaire looking to buy or rent an apartment in Monaco was happy with a couple of bedrooms and a few visits a year to the principality on the French riviera. But times have changed.

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CHICAGO – Wealth, taxes and election year

Author: Bumblebee Design | Date: 22 Jul 2020

Come November, President Trump will go head-to-head with the Democrats seeking re-election for a second four-year term while quite likely still doing battle with the fallout from coronavirus.

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Wills and succession: Preparing the umbrella before it rains

Author: Bumblebee Design | Date: 07 Jul 2020

As we slowly edge out of lockdown, and fear subsides, Citywealth’s April French Furnell asked advisors about this global theme, during, now and in future.

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Private equity flips its economic defibrillator

Author: Bumblebee Design | Date: 22 Jun 2020

Private equity has had record years but will these continue as the impact of COVID-19 hits?

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ESG: values, investments and Covid19

Author: Bumblebee Design | Date: 01 Apr 2020

The demand for ESG isn’t satiated, powerful investors are calling upon their investment managers to deliver more: more innovation, more impactful products and more measurement.

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What questions are being asked of divorce lawyers during Covid19?

Author: Bumblebee Design | Date: 30 Mar 2020

The Covid19 pandemic means financial uncertainty and new challenges in managing family life. Below are some of the questions Suzanne Kingston, Consultant at law firm, Mills & Reeve is being asked about the impact of Covid19 on divorce, finances and child arrangements.

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Italy update

Author: Bumblebee Design | Date: 18 Mar 2020

What a difference a few weeks can make. When we researched this article in late February, the wealth advisers in Italy, said they had never been so busy.

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Hold your horses! Racehorse ownership

Author: Bumblebee Design | Date: 11 Mar 2020

So if a horse or horse course ownership is in your sights, perhaps testing the water in a syndicate or fractional ownership programme could give you a head start.

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All roads lead to Rome

Author: Bumblebee Design | Date: 10 Mar 2020

As private equity experiences rapid growth as an asset class, investors and trustees need to be prepared, writes Charlotte Thorne

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Let’s hear it for the disruptors

Author: Bumblebee Design | Date: 10 Mar 2020

If government wants to act in a way that is truly “pro business”, it might start by helping challenger firms disrupt the status quo in financial services

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Quarterly notes on investing: Q4 2019

Author: Bumblebee Design | Date: 10 Mar 2020

• July marked the point at which the USA attained its longest period of economic expansion on record – a period which has endured since 2009.

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Quarterly notes on investing: Q1 2020

Author: Bumblebee Design | Date: 10 Mar 2020

Friday the 13th – the Sequel

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How to establish the right family office

Author: Bumblebee Design | Date: 09 Mar 2020

The founding partners of Capital Generation Partners share the lessons they have learnt from managing family offices and how these have shaped their UHNW investment proposition.

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Private islands, superyachts, art and the tax man

Author: Bumblebee Design | Date: 04 Mar 2020

Ever dreamt of owning your own private island, superyacht or Monet? For the UHNW, these dreams are a just a purchase away on a black Amex but, our advice is think before you shop, purchases aren’t without their problems.

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Passion investing: Rubies and Renoirs

Author: Bumblebee Design | Date: 26 Feb 2020

In Citywealth’s latest update on passion investing, April French Furnell explores the latest trends in two popular choices for passion investments: art in fractions and celebrity jewellery.

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Divorce: Rich rock stars and their royalties

Author: Bumblebee Design | Date: 18 Feb 2020

With series two of BBC legal drama The Split currently airing, featuring the complexities of high profile divorces it seemed timely to look at a developing issue surrounding celebrity divorce and how to deal with royalties.

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The value of concierge – the extras matter

Author: Bumblebee Design | Date: 11 Feb 2020

Concierge services are not a new idea. They’ve been offered in various forms by most private client, focused businesses at some point or another. Yet today they are enjoying a renaissance.

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New York’s wealthy start planning early in election year

Author: Bumblebee Design | Date: 05 Feb 2020

New York’s private wealth industry is flourishing as overseas billionaires continue to relocate to the city and domestic clients start looking at their structures in anticipation of the Presidential election in November.

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Litigation: All is fair in love or trusts?

Author: Bumblebee Design | Date: 29 Jan 2020

As family structures become increasingly complex, the opportunity for sibling jealousy and bitterness to fester and arguments to brew, is ever increasing. For the UHNW, whose assets and wealth is often held in a trust, the result can be a trust dispute.

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How Top US tech funding writes corporate success stories

Author: Bumblebee Design | Date: 15 Jan 2020

Watch this space: tech funds are bound to continue writing success stories in the world of transformative businesses.

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Predictions for 2020

Author: Bumblebee Design | Date: 14 Jan 2020

What does 2020 have in store for the wealth management industry?

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Family law: Babynups

Author: Bumblebee Design | Date: 10 Dec 2019

Babynups, an agreement between future parents about the division of childcare responsibilities, have recently come into prominence. With two new babies in the Citywealth ‘family’ it seemed a pertinent time to understand the options.

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Switzerland: The tide turns

Author: Bumblebee Design | Date: 26 Nov 2019

Whether because of Brexit and the threat of a Labour government in the United Kingdom, political uncertainty in the Middle East or the fear of crime in Latin America, high net worth clients are beginning to look at Switzerland with fresh eyes.

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Private equity PAC Man

Author: Bumblebee Design | Date: 20 Nov 2019

Private equity has turned into a racing Ferrari at Le Mans, winning through industry consolidation, reducing admin costs and introducing automation. Gone are the days when UHNWs would shy away from private equity as an unknown frontier.

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Trust punch ups

Author: Bumblebee Design | Date: 12 Nov 2019

Litigation has seen a sharp rise since the credit crunch with beneficiaries questioning their trustees and investment consultants providing context to UHNW clients on investment returns.

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MONACO yacht show update: Not ending up in a stew with crew

Author: Bumblebee Design | Date: 05 Nov 2019

As recent changes to French employment law bring to the fore the challenges of crew employment aboard superyachts, Citywealth’s April French Furnell investigates how owners and managers are adapting to the new regulations.

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The Guernsey ‘green dollar’

Author: Bumblebee Design | Date: 30 Oct 2019

The launch last year of the Guernsey Green Fund, the world’s first regulated green investment fund product, has put Guernsey on the map as a hub for investors focused not only on financial returns but also on environmental sustainability.

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Germany: Exit taxes keep germans local

Author: Bumblebee Design | Date: 23 Oct 2019

Germany’s wealthy stay loyal to the local economy and invest their assets close to home

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ESG sustainability and The Greta effect

Author: Bumblebee Design | Date: 16 Oct 2019

Investors and investment managers who are moving to sustainable finance and wanting to take time doing so, it remains to be seen if Gen Z and the Greta effect will let them do so. If ‘extinction’ rather than sustainability is on the United Nations and social media agenda, it remains to be seen if th

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Financial crime: Tax schemes and investigations .. Tchenguiz

Author: Bumblebee Design | Date: 07 Oct 2019

Tax schemes once thought of and encouraged by “professionals” and peers, suddenly turn into scorched earth.

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How to create a successful single family office (SFO): If it was easy everyone would be doing it

Author: Bumblebee Design | Date: 02 Oct 2019

The family office concept has been around for a long time, particularly in the US where the entry level to set them up is drilled down to the affluent population, yet the past decade has seen a significant increase in interest in higher value offices from European, Middle Eastern and Asian families

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DIVERSITY: Powerwomen Club presents SPONSORSHIP: Moving on from mentoring

Author: Bumblebee Design | Date: 02 Oct 2019

On Wednesday 16 October 2019, Citywealth’s Powerwomen Club will be hosting a lunchtime panel discussion on the difference between being a mentor and a sponsor.

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Property update: sterling rate attracts US and Ritz Carlton Affair Saudi’s

Author: Bumblebee Design | Date: 24 Sep 2019

House prices in London might be falling, but for now London retains its title as the world’s number one city for UHNWI residents. Citywealth’s April French Furnell spoke to London property experts to find out the trends behind the headline figures.

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Bermuda update: Business as usual

Author: Bumblebee Design | Date: 19 Sep 2019

Great news for Bermuda as blacklisting worries disappear

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Meet the SUPERADVISORS

Author: Bumblebee Design | Date: 03 Jul 2019

Citywealth recently held an open call to those aged 40 or under in the wealth management industry in search of the next ‘future leaders’.

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Hoi Liechtenstein!

Author: Bumblebee Design | Date: 25 Jun 2019

Best known for its private banks for wealthy, international clients, at the end of last year Liechtenstein decided to also become a crypto hub.

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Taking the burden out of onboarding

Author: Bumblebee Design | Date: 20 Jun 2019

Carrying out due diligence for new clients can be time-consuming and laborious, but automating the process through regtech could be a game-changer, believes Dolfin COO Amir Nabi.

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Passion investing: The Artful Dodger

Author: Bumblebee Design | Date: 19 Jun 2019

Purchasing a serious piece of art for yourself or a client can be one of the largest investments you’ll make in your life, but you may not realise that having the money to make the purchase is just the beginning.

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If God had wanted us to fly he would have given us wings (or cannabis)

Author: Bumblebee Design | Date: 10 Jun 2019

The lobbying; legalization and consequent institutional value of the medicinal, not recreational, cannabis industry continues to rise and is poised for more growth as a wave of legalization and public pressure for reform, drives change in North America and Europe.

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China: Nowhere to hide…

Author: Bumblebee Design | Date: 04 Jun 2019

Chinese common reporting standard arrives: Chinese govt receive bank account information on residents from 75 countries

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Dementia: it’s on the tip of my tongue

Author: Bumblebee Design | Date: 29 May 2019

Dementia is the most feared health condition in the UK, according to a study carried out by the Alzheimer’s Society. Memory loss and difficulties with thinking, problem-solving or language are just some of the symptoms of dementia.

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USA Update: engaging women in wealth management

Author: Bumblebee Design | Date: 21 May 2019

The wealth management industry has struggled to engage with the growing pot of female wealth which has risen to make up to 51 per cent of US personal wealth…

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Further afield

Author: Bumblebee Design | Date: 15 May 2019

Wealth managers are hiring again in the UK regions. For some, a presence in the regions has long been a key strategy, for others they are rebuilding a past footprint having retrenched back to London.

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Singapore pulls away as regional family office hub

Author: Bumblebee Design | Date: 14 May 2019

The announcement in February by Singapore’s Finance Minister of a plan to extend tax exemptions for family offices, which were due to expire this year, has driven further demand from the wealthy in the region to establish more formal structures around their assets.

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Godspeed: UK immigration

Author: Bumblebee Design | Date: 08 May 2019

The recent changes to UK immigration rules are set to ensure the UK remains a world-leading business destination. Yet, these amendments have proven contentious.

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No regrets?

Author: Bumblebee Design | Date: 01 May 2019

Whereas once, business and its executives, had a simple life, with news about their deals and views likely to be seen only in the business pages, today the same story has the potential to be spun into front-page news, using the lens of a populist wave from Social Media and the Media.

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Malta update

Author: Bumblebee Design | Date: 30 Apr 2019

In January, Malta’s prime minister set out his ambitious vision to make Malta the most UK-friendly country in Europe post-Brexit, promising the 13,000 Britons already living on the island a special status and guaranteeing a warm welcome to others that might follow.

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Innovations boost Jersey’s global appeal

Author: Bumblebee Design | Date: 23 Apr 2019

The Jersey government’s recent introduction of International Savings Plans (ISPs) is just the latest sign of the growing importance to the island of clients originating from the Middle East.

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Meet one’s maker

Author: Bumblebee Design | Date: 17 Apr 2019

Most people understand they need to leave a Will to ensure their assets or businesses are divided and passed on to their families or spouses as they wish, despite this, there are plenty of reports which show the number of inheritance disputes are on the rise…

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Washing your dirty laundry in public?

Author: Bumblebee Design | Date: 08 Apr 2019

When it comes to family law cases, the position on media reporting is as clear as mud, so much so that making a decision to talk to the media can mean couples are playing Russian roulette with the privacy of their financial and business affairs.

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Passion investing: arm candy

Author: Bumblebee Design | Date: 03 Apr 2019

You can tell a lot about a person from their selected timepiece. You might make assumptions about their taste, style, and for those who can tell their Rolex from their Patek Philippe, even wealth.

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Gibraltar thriving as blockchain outshines Brexit

Author: Bumblebee Design | Date: 02 Apr 2019

Fears of an exodus of assets and wealthy individuals from Gibraltar when the British overseas territory exits the EU along with the rest of the UK in 2019 have proved unfounded, as a massive uptick in the Rock’s blockchain business has continued to attract newcomers.

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Nostrovia?

Author: Bumblebee Design | Date: 27 Mar 2019

Is the UK still a golden destination for Russians or are they feeling the chill? Citywealth’s April French Furnell spoke to advisors in the private wealth industry to get views.

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Deep diving on tech

Author: Bumblebee Design | Date: 20 Mar 2019

This week Citywealth’s April French Furnell investigates where the big money is going into tech. Is it all cyber security, payment systems or Blockchain? Or AI, MedTech and ethics?

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‘Dirty money’ and Unexplained Wealth Orders

Author: Bumblebee Design | Date: 12 Mar 2019

Unexplained Wealth Orders have been hitting the headlines since they came into force in January 2018. Dubbed ‘McMafia law’ by the press after the BBC1 British crime drama television series, they are a tool to give investigators more powers to review suspected money laundering

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Allocating pension funds to private companies

Author: Bumblebee Design | Date: 12 Mar 2019

Do you have wealthy clients with substantial pension savings and an appetite for higher returns?   Rockpool provides a guide to the benefits of private company investing within a pension and signposts an easy low-cost route to take advantage of the opportunity.

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Passion investing: Buy what you love

Author: Bumblebee Design | Date: 06 Mar 2019

Last month a hybrid-powered Ferrari, LaFerrari Aperta, the removable roof variant of the Italian supercar built to celebrate its 70th anniversary, came up for sale at more than triple its reported original list price.

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SMEs and private foundations drive Austria’s wealth industry

Author: Bumblebee Design | Date: 26 Feb 2019

The Austrian economy thrives on the strength of its SMEs, according to Meinhard Platzer, Co-CEO of the Austrian business of LGT Bank, the largest family-owned private banking group in Europe.

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Fly me to the moon

Author: Bumblebee Design | Date: 20 Feb 2019

Owning a private jet remains one of the ultimate signs of wealth portraying that “lifestyle of the rich and famous,” yet is becoming more accessible with the rise of fractional ownership and membership programmes, as the industry attracts a younger clientele.

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Chase the Ace

Author: Bumblebee Design | Date: 13 Feb 2019

What do you do when you get awarded £453million in a divorce by the UK courts but your ex-spouse refuses to pay the settlement? That’s the scenario Tatiana Akhmedov, ex-spouse of Azerbaijani but often described as ‘Russian’ Oligarch Farkhad Akhmedov found herself in.

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Catching up with Uncle Sam

Author: Bumblebee Design | Date: 05 Feb 2019

Global wealth amounted to $317trillion in 2018 with the USA remaining at the top of the wealth list with $98trillion of the pie. To find out the latest private client news, April French Furnell caught up with some key advisers and managers to get their insight on the wealthy in the largest economy.

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No Paparazzi please!

Author: Bumblebee Design | Date: 30 Jan 2019

Public interest in wealth management and estate planning has remained at an all-time high following the Panama and Paradise Papers which saw confidential financial documents revealed to the public on front page headlines around the world.

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There’s no we, without you and I

Author: Bumblebee Design | Date: 21 Jan 2019

One of the defining features of today’s billionaires is entrepreneurship, and in the same way that tech and retail entrepreneurs have disrupted the status quo to scale businesses, they are bringing their calculated know-how to philanthropy.

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Chinese bourgeoisie boost fine wine market

Author: Bumblebee Design | Date: 16 Jan 2019

The fine wine market has long attracted investors from Europe and the US who both have a long legacy of wine making and because of strong returns over the last decade. Adding to this is a growing theme of purchasers from the Chinese ‘Middle Class’.

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Divorce: going Private

Author: Bumblebee Design | Date: 07 Jan 2019

There’s no denying the uptick in divorce inquiries from married couples that happens in January. Here is our review of 2018 and headline cases and what it will mean for those contemplating the D word.

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Ship shape for 2019

Author: Bumblebee Design | Date: 11 Dec 2018

As thoughts turn to Christmas and the New Year ahead, we asked the wealth management industry what their thoughts are for 2019.

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Wealth management comes of age in Germany

Author: Bumblebee Design | Date: 11 Dec 2018

Germany is now home to more billionaires than any other European country, and after an exceptionally long period of economic growth, more and more families are moving to sell their family businesses, setting up family offices and otherwise structuring their wealth more professionally.

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FinTech: Chatbots and Artificial Intelligence

Author: Bumblebee Design | Date: 04 Dec 2018

Wealth management is exploring how technology can be deployed to better serve clients, more so than ever before, but with Robo being on-trend one year and now AI, what is the industry doing to deploy buzz tech and what is being done?

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Islamic finance jumps into FinTech

Author: Bumblebee Design | Date: 28 Nov 2018

Back in 2015, predictions for the growth of Islamic finance throughout the Arab world and beyond were optimistic with Thomson Reuters predicting global assets would reach $3.25 trillion by 2020. Yet, with under two years to go, the current figure still stands $1trillion short.

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Luxembourg welcomes HNWs as business booms

Author: Bumblebee Design | Date: 28 Nov 2018

At a time of macroeconomic and political upheaval across the European continent, Luxembourg is quietly witnessing an influx of HNWIs

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Love by swipe: adapting wills and estate planning to modern romance

Author: Bumblebee Design | Date: 21 Nov 2018

A potential life partner might be selected with the swipe of a finger, cohabitation is on the rise, and second and third families are becoming increasingly common. In light of changing relationships, what advice does the private client industry have when it comes to Wills and estate planning?

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Mauritius on the rise as Africa gets richer

Author: Bumblebee Design | Date: 19 Nov 2018

Mauritius is the fastest growing wealth market in Africa, according to a recent report, with the number of millionaires increasing by 20 per cent in the last year alone.

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Trusting in Private Equity?

Author: Bumblebee Design | Date: 13 Nov 2018

Private equity has been a boon for many in the IFC’s, while for others it has strengthened their resolve to remain owner-managed. So after many years of the PE model, Citywealth invited key players in the industry to debate: What is the ongoing effect for the trust industry?

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Saudi females boost DIFC private wealth industry

Author: Bumblebee Design | Date: 13 Nov 2018

Dubai International Financial Centre (DIFC)-based wealth advisers are seeing opportunities aplenty from Saudi females looking to discuss their options.

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The Budget: Something of nothing

Author: Bumblebee Design | Date: 07 Nov 2018

The Chancellor’s Autumn 2018 Budget was peppered with vote-winning giveaways and yet it failed to deliver any handouts in the areas the private wealth industry had anticipated.

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Key hires as Jersey and Guernsey exploit growth markets

Author: Bumblebee Design | Date: 13 Oct 2017

Despite political challenges, and the ever-increasing burden of regulation, the news from Jersey and Guernsey shows strong growth as they maintain their positions as leading centres of international private wealth.

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Britain has more Islamic banks and lenders than any other Western country

Author: Bumblebee Design | Date: 17 Feb 2017

Imam Qazi, partner at Foot Anstey, says that GCC investors are diversifying wealth into UK real estate using Islamic finance structures as oil revenues decline

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