Offshore Investment

Allied Irish Bank has announced plans to shut down two of its offshore businesses in Jersey and the Isle of Man following the news the bank will close AIB Bank and AIB International Savings (AIBIS).

The booming economy of Hong Kong is attracting increasing numbers of British expats who are turning their backs on more traditional destinations, says international financial advisers Guardian Wealth Management (GWM).

Net new assets for Q1 totalling US$67.2bn points to one of the best ever starts to the year for exchange traded products (ETPs).

BNY Mellon has announced "ambitious expansion plans for its Asia-Pacific investment management business" and has appointed Jane Caire to see the plans through in the newly created role of Head of Strategy & Development, Product & Marketing for Investment...

Horizon Asset Management has launched a prime central London share class to its Cayman-domiciled British Property Opportunities Fund (BPOF) to take advantage of the current lack of supply and strength of demand for prime real estate in central London....

Corporate, trust and fund administration service provider, Vistra, has expanded into the Netherlands through the acquisition of FTC Trust.

New investors in highly personalised offshore bonds will only be able to offset deemed gains if UK tax has previously been paid in future, says Guardian Wealth Management.

Structured products specialists, Gilliat Financial Solutions, has launched its first products aimed at the offshore market.

J.P. Morgan has launched the J.P. Morgan Macro Hedge Dual TR Source ETF in conjunction with Source. The Dublin-domiciled fund combines US and European volatility exposure in a single product.

Hartwig Kos, co-manager of the Dublin-domiciled Baring Dynamic Emerging Markets Fund (DEMF) says the fund has increased exposure to emerging market equities due to a more risk-favourable environment.