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Latest News - Offshore

New Zealand under pressure from Panama Papers allegations

  • Author: John Schaffer
  • Published: 9 May 2016

The Panama Papers saga has pinpointed New Zealand as a hub for secretive use of shelf companies, with much of the hidden wealth being derived from wealthy Latin Americans.. read more

J. Safra Sarasin to acquire Credit Suisse operations in Monaco, Gibraltar

  • Published: 23 Mar 2016

Swiss private banking firm J. Safra Sarasin has agreed to purchase Credit Suisse’s private banking operations in Gibraltar and Monaco.. read more

Sanne Group to buy South African fund administrator IDS Fund Services

  • Published: 16 Mar 2016

Sanne Group, a provider of outsourced corporate and fund administration, reporting and fiduciary services, has agreed to purchase South Africa-based IDS Fund Services for an initial cash consideration of ZAR201.6m (£9.2m).. read more

Standard Bank names new CEO for Offshore Group

  • Published: 16 Mar 2016

South Africa-based Standard Bank has named Will Thorp as new chief executive for its Offshore Group, replacing Mark Hucker, who will step down to pursue new opportunities.. read more

JTC Malta gets trustee licence from MFSA

  • Published: 14 Mar 2016

Fund services provider JTC Malta has received a licence from the Malta Financial Services Authority (MFSA) to significantly bolster its institutional and private client services offering from the jurisdiction.. read more

Two Cayman Islands financial firms plead guilty in tax evasion scheme

  • Published: 10 Mar 2016

Two Cayman Islands-based financial firms, Cayman National Securities and Cayman National Trust, have pleaded guilty in Manhattan Federal Court to conspiring to help US taxpayers hide more than $130m in offshore bank accounts from the US Internal Revenue Service (IRS).. read more

Jersey Finance hires new business development director for London

  • Published: 9 Mar 2016

Jersey Finance has named William McGilivray as new business development director for London, replacing Richard Nunn.. read more

Maples Fiduciary opens office in Hong Kong

  • Published: 7 Mar 2016

Maples Fiduciary, a division of MaplesFS and a provider of specialised fiduciary and corporate administration services, has opened an office in Hong Kong in a bid to expand its presence globally.. read more

Offshore deal value grew 56% in 2015: Appleby

  • Published: 4 Mar 2016

The total cumulative value of offshore M&A deals in 2015 grew 56% compared to the previous year, with average deal value topping highs not seen since 2007, according to a report released by offshore law firm Appleby.. read more

Novia Global introduces new overseas pension scheme

  • Published: 4 Mar 2016

UK-based Novia Global has launched a new global retirement account that will be administered by Dominion Fiduciary Services in Malta.. read more

Guernsey Finance opens office in Hong Kong

  • Published: 3 Mar 2016

Guernsey Finance has opened a representative office in Hong Kong to help Asian fund managers access the UK and European markets via Guernsey fund structures.. read more

Sanne Group names new global funds head

  • Published: 24 Feb 2016

Sanne Group, a provider of outsourced corporate and fund administration, reporting and fiduciary services, has hired Justin Partington as new global head of funds.. read more

Jersey Financial Services signs MoU with Abu Dhabi's Financial Authority

  • Published: 18 Feb 2016

The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding (MoU) with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to allow the regulatory authorities to cooperate on supervisory matters.. read more

Bedell expands European presence with Luxembourg office

  • Published: 15 Feb 2016

Bedell, an offshore law firm and independent trust firm, has opened an office in Luxembourg, which offers corporate, private equity/real estate and private wealth administration services.. read more

Two Seas Trust renamed as Eilan Middle East

  • Published: 9 Feb 2016

Bahrain-based Two Seas Trust, a JV between Elian Fiduciary Services (Jersey) and Keypoint, has renamed itself as Elian Middle East.. read more

First Names Group bolsters Isle of Man office with senior hires

  • Published: 22 Jan 2016

First Names Group, a trust, fund and corporate services provider, has bolstered its Isle of Man office by hiring Gary Hepburn as new chief operating officer for the Group's private client service unit and Craig Brown as new managing director.. read more

Barclays completes sale of its trust and fiduciary business to an investor group

  • Published: 19 Jan 2016

British bank Barclays has completed the sale of a majority stake in its trust and fiduciary business to an independent investor group led by the Nielsen and Sarikhani families for an undisclosed sum.. read more

JTC completes acquisition of GAM’s Cayman fund administration business

  • Published: 8 Jan 2016

JTC, a provider of fund, corporate and private client services, has completed the purchase of GAM’s fund administration business in the Cayman Islands.. read more

Cainvest buys all shares of Intertrust Bank in Cayman Islands

  • Published: 24 Dec 2015

Cainvest International Bank, a Cayman-based provider of private banking and investment products and services for HNW clients, has purchased all the shares of trust and corporate services provider Intertrust Bank (Cayman) from Intertrust Holding (Cayman).. read more

Cayman National to pay $6.09m to settle tax evasion probe with US

  • Published: 22 Dec 2015

Cayman National Corporation (CNC) has revealed that it expecting to pay KYD5m ($6.09m) in fines to the US Department of Justice (DOJ) to settle an investigation related to potential violations of US criminal law relating to tax evasion by two of its companies.. read more

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