Global professional services business, JTC, has announced the proposed acquisition of First Republic Trust Company of Delaware, a wholly owned subsidiary of JPMorgan Chase Bank. FRTC-DE is a provider of trust administration services to high-net-worth individuals and is headquartered in Wilmington, Delaware. The company has approximately $9bn of assets under administration by market value and […] The post JTC to acquire First Republic Trust Company of Delaware appeared first on Investment International ..read more

Jersey Finance has hired Chris Jenkins as its global head of market development, following the departure of Allan Wood this month (April). Jenkins, who assumes his new role with immediate effect, joins Jersey Finance with over 25 years of international financial services experience, with particular expertise in the digital and fintech space. He will oversee […] The post Jersey Finance names Chris Jenkins as global head of market development appeared first on Investment International ..read more

Utmost Group today (22 April) reported a 15% rise in operating profit to £212m amid the completion of the integration of Quilter International, in its full year results to 31 December 2023.  Value of new business rose 16% to £55m "given challenging sales conditions" while assets under administration of £62.8bn, up 4%, were "supported by […] The post Utmost Group reports 15% rise in operating profit amid Quilter International completion appeared first on Investment International ..read more

Independent asset manager Wellington Management has partnered with Standard Chartered Private Bank to offer the firm’s Credit Total Return strategy to clients in Singapore and Hong Kong. Standard Chartered Private Bank’s client base will have access to Wellington’s actively managed long-only cash and bond strategy managed by Connor Fitzgerald from April 2024 onwards. The strategy […] The post Wellington Management partners Standard Chartered in Singapore, HK for investment strategy appeared first on Investment International ..read more

Almost a third (31%) of UK adults who have checked their tax code found that they have been on the wrong code at some point, with 6% finding that they have been on the wrong tax code in the last 12 months, according to new research by Canada Life.  Three quarters (75%) of those who […] The post £5.8bn overpaid to HMRC due to wrong tax code appeared first on Investment International ..read more

EFAMA said on 18 April that European asset managers supported the ex-Italian prime minister Enrico Letta report, published on the same day, with its emphasis on furthering the single market and mobilising private capital. Together with the recent statement of the Eurogroup in inclusive format on the future of CMU, and the upcoming report of […] The post European asset managers back Letta report emphasis on furthering single market appeared first on Investment International ..read more

The Bitcoin halving – likely on Friday (19 April) or Saturday (20 April) – will be a ‘price non-event’, according to Nigel Green, CEO deVere Group. The timing of the halving depends on the exact current rate at which Bitcoins are created. Bitcoin halving is a programmed event that occurs approximately every four years, reducing […] The post Bitcoin halving countdown is ON but will be 'surprising price non-event' appeared first on Investment International ..read more

Australia's Federal Court has ordered Macquarie Bank to pay a penalty of $10m for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management accounts using Macquarie’s bulk transacting facility. In a statement on 18 April, ASIC said Macquarie enabled its […] The post Macquarie Bank to pay $10m over unauthorised third party fee transactions appeared first on Investment International ..read more

There’s no doubt about it – India has caught the stock market bug. Rather than piling into the nation’s largest names, however, domestic investors have made it clear they are far more interested in the smaller end of the market, say Abhinav Mehra and Andrew Draycott, co-managers of the Chikara Indian subcontinent Fund. Heavy inflows […] The post Is India's small cap rally unsustainable? appeared first on Investment International ..read more

Tiller Technologies, a provider of regulatory technology solutions, is rolling out an innovative digital identity verification solution aimed at streamlining the onboarding process for international customers. The rollout follows a recent consultation undertaken by the Jersey Financial Services Commission (JFSC) focused on the adoption of digital identity verification systems amongst financial services institutions and aligns […] The post Jersey-based Tillar Technologies rolls out digital ID solution for international clients appeared first on Investment International ..read more