Wells Fargo, the San Francisco-based, NYSE-listed company long associated with having provided banking services to the "pioneers" and other early inhabitants of America's western states, has said that it has decided to "exit the international segment of our business" in order to focus on its domestic U.S. operations.

Sanctuary Wealth, an Indianapolis, Indiana-based wealth management company that recently announced plans to expand into the international market, has sold a 55% stake to Azimut Holding, a listed, Milan-based but globally-focused asset manager.

Jersey Finance, the globally-focused marketing arm for Jersey’s financial services industry, has named Philip A. Pirecki to head up a new representative office it plans to open in New York later this year.

Beacon Global Group Europe, a Netherlands-based wealth adviser network specializing in looking after American expats, has entered into a strategic agreement to assist the international arm of Aisa Group with its American expatriate clients, the companies have announced.

Delegates attending a standing-room-only tax and finance seminar for American expats on Monday would not have expected to hear that they could relax and not worry much about the state of their finances when they arrived at Smith & Wollensky’s London outpost off the Strand, where the seminar was held. 

UBS, the Zurich-based banking group, is to return to the business of looking after high-net-worth Americans, including expats, almost a decade after it was fined US$780m by the Justice Department for helping wealthy U.S. clients to evade tax.