As many of you will know, the Coronavirus pandemic has caused significant damage to economies, businesses and stock markets worldwide.
For new loans right now, we are also considering lending at 40% Loan-to-Value, rather than our usual 50% LTV.
While its total equity was of €10.8m, Pilatus had just six loan clients and six to whom the bank had provided financial assistance in connection to residency schemes and applications to buy a Maltese passport.
This award highlights our firm’s ability to provide comprehensive bill payment, partnership accounting and client reporting service solutions and serves as a testament to the world-class team that supports our unique and complex client base.
The market volatility, along with increased tech spend and higher regulatory fees, will result in lower profits for Investec's UK wealth division.
As the impact of Covid-19 rattles peoples, governments, health systems and markets around the world, how are HNWs and their wealth managers responding? Alec Marsh and Arun Kakar report.