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On 15 January 2019, the law dated 13 January 2019 on setting up a central register of ultimate beneficial owners (registre de bénéficiaires effectifs, RBE) of legal entities has been published. This law transposes certain provisions of the 4th AML directive (Directive (EU) 2015/849 of the European Parliament and Council dated 20 May 2015) as well as the 5th AML directive (Directive (EU) 2018/843 of the European Parliament and Council dated 30 May 2018) into Luxembourg law (the “Law”).Here is what you need to know about this new law and how Vistra can help you navigate the change: A. What is the registre de bénéficiaires effectifs (RBE)? The Law establishes a central register keeping certain information on the ultimate...
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Jane Pearce, Managing Director, UK, Ireland & Channel Islands at Vistra, has been named one of the 2019 eprivateclient 50 Most Influential for her outstanding leadership and performance in providing the best advice and service to clients whilst driving innovation in meeting the needs of wealthy individuals.The 2019 eprivateclient 50 Most Influential initiative recognises leading practitioners of the private client professions and shows the breadth and depth of talent at the forefront of the private client professions today. eprivateclient is one of the leading publications in the UK for private client practitioners, including lawyers, accountants, trustees and fee-based independent financial advisers. It provides regular analysis and...
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Vistra, a leading global trust, fund administration and corporate services provider, today announced the appointment of Clive T Wright as Managing Director of Vistra Jersey and Jane Pearce as Managing Director of the United Kingdom, Ireland and Channel Islands, effective immediately.Based in Jersey, Clive will have full responsibility for the leadership and strategy development of the Vistra Jersey office, which specialises in wealth management solutions for high-net-worth individuals and families. Clive has over 30 years of professional experience in Private Banking and Wealth Management and has held senior roles at various global organisations, including Kleinwort Hambros, Deutsche Bank, Royal Bank of Canada and HSBC with experiences in...
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Accounting and Business Magazine (AB Magazine), a leading publication for finance professionals by the Association of Chartered Certified Accountants (ACCA), featured an interview with a number of Vistra’s finance professionals in its January edition.David Chan, Director of Special Projects, shared insights on his role in Vistra and explained that one of Vistra’s key success elements is how the company thrives on the challenges of an ever-changing business environment.“Political uncertainties and changes can be positive. At Vistra, there are professionals with specialised knowledge, skill sets and expertise to help clients navigate through the changes in tax and legal process, among others. Without change, we will not get new clients who...
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Sherrie Dai, Managing Director and Co-Head of Greater China at Vistra, was recently interviewed by leading Chinese business media National Business Daily on the family trust trend in China. China’s high-net-worth individual (HNWI) population has shown significant increase as a result of the country’s rise in the global economy, leading to growing demand for family wealth succession planning and asset isolation. Family trust has since become the key strategy for wealth management and succession planning in China.How to consolidate the inheritance of both tangible and intangible family wealth? How to leverage different trust structures to better fulfill the emerging needs for a higher living standard? These questions have been the new focus...
