The Dubai Financial Services Authority (DFSA) says the move signals a growing interest on the part of European institutions in doing business in the Dubai International Financial Centre."

The run-up to the US elections and the international investment markets of Asia and Latin America offer hope to investors in 2012, says J.P. Morgan Asset Management

Dubai-based financial advisers, Globaleye, is launching a recruitment drive for advisers and opening an office in Manchester.

HSBC Global Asset Management has launched a UCITS-compliant frontier markets fund. HSBC's existing Luxembourg-based fund, the New Frontiers Fund and launched before frontier markets were UCITS compliant, will be merged into the new fund.

At the same time that Jersey's Financial Services Commission signs a Memorandum of Understanding with the Emirate's Central Bank, a licence to operate on Jersey has been granted to the Abu Dhabi Commercial Bank (ADCB).

The European Fund and Asset Management Association (EFAMA) says the economic cost of a financial transactions tax would, in practice, be borne by end consumers throughout Europe including individual savers and those participating in pension plans.

Standard Bank has appointed Seán Flanagan as Head of Compliance to develop and deliver the compliance capabilities of its its operations in Jersey, the Isle of Man and Mauritius.

Offshore company formation specialist aims to offer a one-stop shop to intermediaries with international clients in the UK and Europe.

Barclays Capital, the investment banking division of Barclays Bank PLC, has launched the Emerging Market Index Linked Structured Deposit Account as part of its Structured Deposit Series for Offshore Bonds.

Gilliat Financial Solutions, the structured products distribution specialist within the Arbuthnot Banking Group, has announced the arrival of a new director and the imminent launch of its offshore business.