New appointments for Friends Provident International and Russell Investments

More than 2,400 people have registered to disclose unpaid tax under the Liechtenstein Disclosure Facility (LDF) with £363 million already paid in tax bills, according to HM Revenue and Customs (HMRC).

Guernsey-based Dexion Capital and RBC Wealth Management make appointments.

The multi-asset team at Baring Asset Management confirms moving progressively to more defensive asset classes such as cash and developed government bonds in their multi-asset portfolios.

Tough global economic conditions have taken their toll on Guernsey bank deposits as the island's financial sector's promotional arm, Guernsey Finance, reports a fall of 6.1% (£6.5bn) in the value of bank deposits in the first quarter of the year.

Jersey Finance has identified opportunities to support the development of the Chinese Renminbi as well as growing wealth management needs in the Middle East.

IPG appoints MD to oversee growth in Switzerland and Daniel Stewarts boosts expertise in Hong Kong.

A sub-fund of the Dublin-domiciled Baring GLobal Opportunities Umbrella Fund, it will aim to achieve Asian equity-like returns with less volatility.

Franklin Templeton has launched RDR ready share classes on its Luxembourg-domiciled SICAV range registered for sale in the UK.

The liquidation of German open-ended real estate funds (GOEREFs) is related to structural rather than fund-specific characteristics, according to Fitch Ratings.