- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

UK investment funds in line for tax rebate

he European Court of Justice has ruled that foreign investment funds that invest in French companies should not be liable to pay a discriminatory withholding tax on dividends

Simmons bolsters Frankfurt base with three-partner Dewey team

Von Crailsheim, meanwhile, is a tax specialist and Terpitz is a projects lawyer, focusing on renewables and energy regulatory matters.

Kirkland partner leaves to launch PE team at Duane Morris

The appointment expands Duane Morris’s private equity group outside the US and Asia, with further hires in the City expected to follow.

Surveillance spend to soar as regulators crack down - Tabb Group

Increased market fragmentation has made it more difficult to pick out market manipulation across Europe's trading venues, pushing the European Securities Markets Authority to enact tough new market abuse rules.

IAS 19: The five areas of impact for DB risk management

The consultancy has outlined five areas of impact for DB pension risk management for plan sponsors to consider as they prepare for adoption of IAS 19 rev 2011 over the next year.

Ex-UBS Trader Sues After Firing for Mispricing Securities

A former UBS trader, who was fired after the bank found he worked with a colleague to manipulate trading figures, sued for unfair dismissal in London.

FSA fines Scottish broker £335k for fraud

He been banned from carrying out any regulated financial services activity in the future.

Swiss, Italian leaders to discuss crackdown on tax cheats

Switzerland is trying to shed its image as a haven for tax cheats and has already struck deals with Germany, Britain and more than a dozen other countries to return a share of foreign money hidden in Swiss banks.

Wealthy Austrians Start Repatriating Swiss Funds, WiBlatt Says

Wealthy Austrians are starting to repatriate assets they had deposited in Switzerland after a tax deal that forgives past tax evasion against a one-time payment, the head of Austria’s Capital Bank AG was quoted as saying.

FSA fines Martin Currie £3.5m over client conflict

This is the largest fine ever imposed by the FSA in a conflict of interest case.

FSA publishes Recovery and Resolution Plan update

The Financial Services Authority (FSA) has published a feedback statement setting out the approach being taken by the FSA to ensure firms develop appropriate recovery plans and resolution packs.

Verdict Due In Dresdner Kleinwort Bonus Case

Justice Robert Owen is expected Wednesday to make public his decision, according to sources, ending more than two years of legal wrangling.

LawInContext launches Global Anti-Corruption / Anti-Bribery e-learning training courses

The global e-learning program includes industry focused content for the financial services industry sector and is fully customizable for a particular institution.

Payne Hicks Beach boosts private client team

He brings with him a knowledge of tax, trust and estate planning for wealthy individuals, as well as their advisers and trustees, both domestically and internationally.

Ex-Dresdner Kleinwort bankers win bonus battle‎

The failure of Dresdner Kleinwort to pay bonus deals as stated in December “was wrongful and in breach of express and implied terms”, the claimants had argued.

Stolen HSBC data allowed by Paris court in tax probe

Arlette Ricci disputed the validity of using the data, stolen by a former HSBC employee and seized from his home in 2009, in pursuing her for allegedly hiding wealth in HSBC accounts in Switzerland to evade taxes, AFP said, citing Jean- Marc Fedida, her l

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