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UAE and Economic Substance – Don’t be tempted to avoid its relevance!

The implementation and management of Economic Substance Legislation (ESR) has been in existence for some time, across much of the financial services industry. Different jurisdictions have been introducing their own rules around this topic and the OECD has kept a watchful eye on its progress. This article isn’t intended to...

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PraxisIFM celebrates fifth anniversary in ADGM and secures Corporate Services Provider Licence in the UAE Capital

PraxisIFM is celebrating its fifth year of establishment in the ADGM financial district and has been awarded a licence to operate as a Corporate Service Provider (CSP) and preferred partner, capable of advising and administering Special Purpose Vehicles and Foundations. The company, which is based on Al Maryah Island in...

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The Hong Kong connection – meet PraxisIFM’s Virginia Lee

Virginia Lee joined the PraxisIFM Hong Kong Trust team as part of the Group’s acquisition of Nerine Fiduciaries in 2019. She is now an Assistant Trust Manager based in our London office having relocated from Hong Kong earlier this year. We caught up with her to find out how she...

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Former Talk Talk CFO appointed PraxisIFM Chairman

PraxisIFM Group has today announced that Iain Torrens has been appointed as Chairman and a Non-Executive Director with effect from 1 September 2021. Iain will be based in the UK where he will retain his role as Chief Executive Officer of Faro Capital, an investment firm focused on the ownership...

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Citywealth lists PraxisIFM as finalists in the IFC awards

PraxisIFM has been shortlisted in two categories of the 2022 Citywealth International Financial Centre (IFC) Awards. Both our Hong Kong and Guernsey Private Client & Corporate teams have been named as finalists for Trust Company of the Year – Hong Kong & Singapore, and Guernsey respectively. The 11th edition of the Awards will take...

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PraxisIFM announces sale of Fund Administration division to Sanne Group plc

All-cash offer in excess of £50m for Fund Administration AuA of circa. £25bn to facilitate the growth and expansion of Private Wealth and Corporate Services divisions PraxisIFM Group today announced an agreement for the sale of its Fund Administration division to Sanne Group plc in an all-cash deal in excess...

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