- July 2, 2009 - Offshore Sheltering Under Challenge:Guernsey
A one-day conference examining offshore trusts and UK tax planning including the UK remittance rules in perspective.
Offshore Sheltering Under Challenge conference will have a well-known panel of speakers and will review key developments affecting offshore trusts and companies.
With onshore governments facing massive budget deficits, the temptation to attack offshore centres is ever-growing.
- July 2, 2009 - UBS Wealth Management To Close Regional UK Office, Key Staff Leave
UBS Wealth Management is to close its Brighton office in the southeast of England following the departure of two investment managers, WealthBriefing understands.
UBS’s Brighton team was boosted to five members by the transfer of David Pegler, a senior client advisor, from London to the regional office in March this year.
- July 2, 2009 - RBC Wealth Management Names New International Human Resources Head
RBC Wealth Management, which is part of
Royal Bank of Canada, has appointed Keith Pearse as head of human resources for its international arm.
- July 2, 2009 - Barclays Wealth Increases Risk Bet On Stocks, Commodities
Barclays Wealth is increasing its risk appetite, adding to commodities, some Asian investments and equity holdings, while maintaining exposure to corporate debt, taking the view that more evidence is building that economic activity has bottomed out.
The UK firm said its investment calls include increasing “portfolio risk levels to strategic norms”, which it said would, in many cases, “involve increasing portfolio risk by adding to equity holdings”.
Any exposure to Asia should, it says, include an investment in Japanese stocks.
- July 2, 2009 - UK Private Client Law Firm Bolsters Family Group
Boodle Hatfield, UK private client law firm, has appointed James Ferguson, a partner of 20 years’ standing at Taylor Wessing, to its family team.
Mr Ferguson, who joined the firm yesterday, brings with him a substantial client base, Boodle Hatfield said in a statement.
- July 2, 2009 - Barings Smiles On Russia Due To Massive Commodity Reserves
Russia presents significant investment opportunities for the medium to long-term as its high commodity reserves are likely to play a key role in China’s bid to become a leading global economic power, according to Matthias Siller, fund manager of Baring Emerging Europe Plc at
Baring Asset Management.
As they attempt to tackle the economic slowdown governments around the world have launched massive economic stimulus packa.
- July 2, 2009 - The Growing Attractions of Inflation Insurance
Buying inflation-linked bonds is a little like buying car insurance: you don’t really appreciate the value of what you have until you have a car accident.
So, while inflation is not a clear and present danger to the economy right now, the possibility of a car crash further down the road is increasingly preoccupying the minds of investors. And with good reason - recent government policies to resolve the global credit crisis and stave off recession are likely to put future upward pressure on prices.
- July 2, 2009 - As Wealth Barometer, Luxury Goods, Services Show Climate Is Still Cold
Temperatures have been soaring in Europe in the last few days but as a barometer of how well the industry of managing wealthy persons’ money is going, the state of the world’s luxury market suggests the climate is still chilly.
There are, however, signs that the worst may be over although the outlook is uncertain, Milton Pedraza, chief executive of the Luxury Institute, a research organisation in the US, told WealthBriefing in an interview yesterday.
"I think we have reached the bottom.
- July 2, 2009 - Investors' Risk Appetite Is Rising - State Street
Global investor confidence continued to rise in June, with sentiment up most strongly among European and North American investors, according to research by State Street Global Markets – the investment research and trading arm of State Street Corporation.
According to the State Street Investor Confidence Index, globally investor confidence rose by 7.
- July 2, 2009 - Barclays Wealth Has Big Hiring Goals For Americas - Report
Barclays Wealth plans to hire up to 200 high-end investment representatives over the next four years in a move to expand its new wealth management foothold in the Americas, according to the Wall Street Journal.
Following the collapse of Lehman Brothers into bankruptcy, Barclays acquired Lehman's private investment management unit to gain a presence in the US market.
