EY Partner Andrew Tailby-Faulkes joins Barclays Wealth.

Barclays Wealth announced today the appointment of Andrew Tailby-Faulkes as a Managing Director within its Wealth Advisory business. Andrew will report to Rob Withecombe, Head of Wealth Advisory, when he joins in September, and will work closely with Jonathan Burt, Head of Key Clients, who oversees the Wealth Advisory proposition for Ultra-High Net Worth clients.

Andrew will focus on advising current clients and attracting new ones, with a remit including entrepreneurs, private business owners and family offices. The Wealth Advisory business helps clients where specific tax, trusts and insurance considerations are of particular importance, leveraging the relationship with Barclays Capital and Barclays Corporate where necessary.

Revenue covets Olympians’ income

The FT reports:

Usain Bolt and other international Olympians face being taxed for promotional work they are asked to do by their sponsors during next year’s Games, despite assurances from the tax authorities that they would be exempt during their time in the UK.
When London bid for the 2012 Olympics seven years ago, the International Olympic Committee was assured that overseas-based athletes would not be taxed on their “Games-related income”. It is a standard obligation expected of all bidding cities.

See http://www.ft.com/cms/s/48a7a868-a0ea-11e0-adae-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F48a7a868-a0ea-11e0-adae-00144feabdc0.html&_i_referer=http%3A%2F%2Frereferyned#ixzz1QYWcQ4CA

Zurich initiative from Farrer & Co.

Farrer & Co has announced a new initiative for the firm, building on existing strong relationships with clients and contacts based in Switzerland.

In early June 2011 they established a presence in Zurich, with a view to strengthening the international work and profile they already enjoy in some of the key off-shore jurisdictions around the world. By doing this, the Firm intends to raise its profile within Switzerland and build on the strong relationships we already have there whilst looking to develop the international reach of all aspects of our business.

Private client partner Nick Dunnell and head of tax Robert Field are leading the initiative, which will involve regular visits to Zurich. The Firm will operate out of serviced offices in the centre of Zurich and there are no plans at present to set up a permanent base.

How Private Client work filled the Corp gap for City firms

The Lawyer magazine is reporting that, "With corporate funds evacuating the market as the recession took hold, international private investors filled the gap. The result was that mid-tier firms such as Berwin Leighton Paisner, Macfarlanes and Taylor Wessing, to name but three, were able to shore up their conventional corporate ­practices during the downturn.

And the opportunities are ample: Credit Suisse Research Institute, in its Global Wealth Report published in October 2010, calculated that at the top of the wealth pyramid there are more than 1,000 billionaires globally, of whom 245 are in the Asia-Pacific region, 230 are in Europe and 500 are in North America. Further down, there are 80,000 ultra-high-net-worth individuals, which Credit Suisse defines as average wealth per adult of more than $50m (£30.8m)."

For the full story see http://www.thelawyer.com/family-value-how-private-client-filled-the-corp-gap/1008008.article

The 25 most obscure interview questions of 2010

The following link provides a great compilation of 25 of the most obscure interview questions asked by some of the World's leading companies last year. See http://www.bnet.com/blog/business-research/the-25-weirdest-interview-questions-of-2010/520

Boodle Hatfield appoints new Head of Private Client

Law firm Boodle Hatfield is reporting that Sara Maccallum has been appointed as the new head of Boodle Hatfield's Private Client & Tax department. The position of Department Head is rotated between partners and from 1 May 2011 Sara will take over this role from Sue Laing, who has led the department for the last 10 years.

Full story at http://www.boodlehatfield.com/default.asp?sID=1302614314973