Duncan Lawrie Private Bank has appointed Gillian Jordan its head of Fiduciary Services on the Isle of Man, responsible for accountants and administrators servicing international clients.
Investing in clean energy is not a simple choice between right and wrong, says John Spellman, director of Financial services at the Isle of Man Government.
The UK ministry responsible for fiscal matters – HM Treasury – has used ongoing discussions around Fatca to request more access to financial information from its Crown Dependencies and Overseas Territories.
The final shape of Fatca will be determined by bi-lateral agreements arrived at between the US and other countries around the world, as part of a pragmatic decision by the US authorities to make the new rules workable.
The governments of Guernsey, Jersey and the Isle of Man have announced they will sign individual agreements with the US over Fatca legislation, following the model for intergovernmental agreement struck between the UK and US in early September.
Skandia International, the offshore business of Old Mutual says it is working with qualified recognised overseas pension schemes providers to offer simplified QROPS arrangements across multiple jurisdictions.
Thomas Miller Investment is launching a new onshore UK-based private client investment business to complement their existing operation in the Isle of Man.
The parliament of The Isle of Man is set to consider an overhauled Foundations Act, which will allow the jurisdiction to expand its wealth management capabilities and attract new business from high net worth and institutional investors.
The current state of the economy is presenting opportunities for trustees who have sustained a drop in assets but who are convinced that their asset values will recover.
S&P rates the Isle of Man and Guernsey ‘AAA’, something investors such as Warren Buffet or Bill Miller of Legg Mason, and president Obama, might have made more use of in the past week when knocking the ratings agency.
After 31 years, the Offshore Group of Banking Supervisors (OGBS) has changed its name to the Group of International Finance Centre Supervisors (GIFCS).