Offshore Investment

Odey Asset Management has established a wealth management operation in Guernsey to provide investment services and advice to individual clients.

Franklin Templeton Investments has received approval to launch its new Franklin MENA fund.

The Treasury Committee has requested stakeholders to provide written evidence for its enquiry into offshore financial centres (OFC).

Baring Asset Management (Barings) has appointed two new staff members to its Guernsey office.

TRUSTNET has launched a free website with information on prices, performance and key facts about the global offshore-domiciled funds market.

Scottish Life International has unveiled a new trust which will allow the Settlor to make a Potentially Exempt Transfer and establish a flexible trust.

HM Revenue and Customs (HMRC) is set to contact around 5,000 offshore account holders to request a formal declaration of their account details.

WINTERTHUR has ventured into the offshore arena with the launch of Winterthur International.

Offshore sales at Norwich Union International, Aviva's Dublin-based offshore business, have increased 60% to £521m, according to the provider's annual results.

Clerical Medical has introduced two new charging structures to its offshore bond product, CMI Global Investor.