Stanhope Capital Group, a London-based wealth manager, and New York-based FWM Holdings have entered into a merger agreement that the companies say will create one of the world’s largest independent wealth management and advisory firms.

London & Capital, the London-based wealth management company whose co-founder and managing director, Daniel Freedman, died suddenly in late October, has named Guy McGlashan chief executive.

An investment manager for a now-defunct brokerage firm in London, Beaufort Securities Ltd., pleaded guilty on Wednesday to conspiring to "commit securities fraud and to defraud the United States by failing to comply with the Foreign Account Tax Compliance Act", after agreeing in 2016 to help what turned out to be an undercover agent to hide assets from being reported under the law.

The U.S. Citizenship and Immigration Services is moving ahead with its plan to close down all but seven of what had been 23 overseas offices, although it has not said exactly when some, including the one in London, are scheduled to close. 

The U.S. Citizenship and Immigration Services has announced that it plans to close all but seven of its 23 overseas offices, including those in London, Frankfurt, Rome and Bangkok.

This represents a change from its earlier plan, announced in March, that it would close all 23 of the outposts.

Boris Johnson, who today was named to succeed Theresa May as Britain’s prime minister, is well known to Londoners for myriad reasons, including having unofficially lent his name to a bicycle-sharing scheme (“Boris bikes”) that was launched in 2010, and with which he, a keen cyclist himself, was associated.

Andersen Global, the San Francisco-based organization of tax and legal services firms founded by Andersen Tax LLC, said Tuesday that it has at last planted a flag bearing the Andersen Tax name in British soil, as a tax partnership in London has adopted the Andersen name, and formally joined the global Andersen entity.

North Carolina representative George Holding told a London gathering of American expats last night that he would press on with his bill aimed at making life easier for Americans living abroad, but stressed that it was unlikely to make much progress without a Democrat co-sponsor.

Skeet Kaye Hopkins, a London-based provider of a range of services to high- and ultra-high-net-worth clients in the entertainment industry, has agreed a merger with a Los Angeles-based multi-family office and business management firm, Gelfand, Rennert & Feldman, and in so doing expands the international footprint of New York's Focus Financial Partners Inc., the fast-growing wealth management partnership.

American financial services executives currently living in London, who have been told they're being transferred to their company's outpost in Dublin in response to the UK's planned departure from the European Union, this week have received some unwelcome news: Ireland's capital city has just entered the top five most expensive locations in Europe in which to rent a property, according to new research.