Managers of Wealth Americas

Kobre & Kim, Robin Rathmell Receive Chambers Recognition for Financial Crime Involving HNWI’s

Of the firm’s services, one commentator told Chambers: “I have never seen such high-level work, strategic thinking and speed in a law firm.”

FCA targets scammers using Trump Building to clone Swiss AM

UK regulator issues warning to investors over unauthorised activities emanating from the US.

US banks told not to use Covid-19 as cover for branch closures

New OCC chief: ‘I’m not prepared to revisit the fundamentals of bank regulation’

Election in sight, but focus stays on secure retirement.

Pandemic magnifying woes that lawmakers are seeking to repair.

Beware a $12 Trillion Pension Revolt Against Low Rates

Their thesis stems from a correlation analysis of moves in 10-year yields and the change in Treasury holdings reported in the Fed’s quarterly flow of funds data.

Merrill Fires Multi-Million-Dollar UHNW Pair for Cheating

His partner, Christopher R. Berry, was let go for the same training violations, according to the summary of his discharge.

Broadridge Announces CFO Transition

Broadridge has initiated a search process for a permanent successor that will include both internal and external candidates and has engaged a leading executive recruitment firm to lead this process.

DLA Piper advises Stillfront Group in US$128.4 million Rule 144A offering

Along with Marks, the DLA Piper team representing Stillfront Group included of counsel Sanjay Shirodkar (both of Washington, DC).

Canoe Intelligence and SS&C team up

Canoe leverages a combination of industry expertise and advanced AI and machine learning techniques to eliminate the operational inefficiencies associated with alternative investment workflows.

Deutsche Bank Fined $150 Million For Relationship With Jeffrey Epstein, Other Lapses

First Enforcement Action by a Regulator Against a Financial Institution for Dealings with Jeffrey Epstein

Sequoia Financial Group Partners With Kudu Investment Management To Buttress Continued Growth

The firm is majority-owned by employees and continues to be led by Tom Haught, founder, president and CEO.

FNZ and State Street Collaborate On New Wealth Management Servicing Venture

State Street will serve as sub custodian to the custody assets belonging to Wealth Manager Services clients.

Sequoia Financial Group Partners With Kudu Investment Management

Founded in 2015, Kudu now has 13 partner firms that collectively invest $57 billion on behalf of individual and institutional investors worldwide in traditional and alternative strategies, as of March 31, 2020.

OCC Expands FFIEC Statement, Provides Guidance to Banks on Managing LIBOR Transition

Interestingly, the OCC Bulletin states that “[t]he OCC does not endorse a specific Libor replacement rate” and adds a “Risk Management” section that includes important new guidance for regulated banks.

Banks are ditching London offices and not just because of Covid-19

The pandemic has given banks further impetus to downsize and preserve cash after already spending a decade quietly offloading space as jobs vanished in the wake of the financial crisis.

Nigerian fraudster ‘Hushpuppi’ given St. Kitts-Nevis passport in February 2020 nabbed by FBI

Relying on data carefully analysed from several iPhones belonging to Hushpuppi, the FBI was able to discover loads of communications between the suspect and his collaborators

BankThink Repealing brokered deposit law would be a costly mistake

Legislation was recently introduced in Congress to implement such a repeal.

US FFIEC Issues Joint Statement on Managing the LIBOR Transition

The FFIEC Statement highlights the financial, legal, operational and consumer protection risks that will result from the transition from LIBOR

IFC and Citi partner on Covid-19 risk-sharing support deal

The signing marks the extension of an existing facility, the IFC’s global trade liquidity programme (GTLP), initially set up in 2009, bringing the size of the facility to US$2bn.

Legal Job Gains Double in June, Sector Looks to Regain Footing

Legal sector adds 7,500 jobs despite worsening pandemic

Legal, Regulation & Compliance