Sotheby´s nombra directora de Trusts & Estates and Valuations a Mari-Claudia Jiménez - Foto cedida. Sotheby´s nombra directora de Trusts & Estates and Valuations a Mari-Claudia Jiménez
Sotheby’s has announced that Mari-Claudia Jiménez will join Sotheby’s this September. Based in New York, Jiménez will lead Sotheby’s Trust & Estates and Valuations efforts as Managing Director.
As a Partner at Herrick Feinstein LLP – which has one of the world’s most prominent art and cultural property law practices, which she joined in 2004 – Jiménez has been involved in an impressive number of major acquisitions, consignments and cases, working with a wide range of clients including prominent museums, galleries, estates, top collectors and auction houses.
Some of Mari-Claudia Jiménez’s notable public cases include: in 2006, she and Herrick Feinstein LLP represented Neue Galerie New York in its acquisition of Gustav Klimt’s Adele Block-Bauer I, one of the artist’s greatest achievements and now a crown jewel of the museum’s collection. The heirs of Kazimir Malevich have been long-term clients of Mari-Claudia Jiménez, working together on the restitution and subsequent sales of five paintings by the artist that included Suprematist Composition, which set the current auction record for the artist at Sotheby’s New York in 2008 with a final price of $60 million. Jiménez was also a key player in the sale of the estate of Mrs. Sidney F. Brody at Christie’s New York in 2010. The collection included hundreds of items across multiple categories and was led by Pablo Picasso’s Nude, Green Leaves and Bust, a then-record price for any work of art at auction.
Mari-Claudia Jiménez said: “I am honored to be joining Sotheby’s vibrant business. Over the last 12 years, I have worked alongside high-profile estates and collectors in the art world as they consigned and purchased at auction and private sale. I am excited to bring to Sotheby’s my perspective on what works best for clients, and to contribute to their experience collecting and selling at all levels.”
Hugh Hildesley, Vice Chairman of Sotheby’s Americas, commented: “We are delighted to welcome Mari-Claudia to Sotheby’s, where she will join esteemed colleagues in our Trust & Estate and Valuations teams. Her impeccable credentials and wealth of knowledge in the world of art law will be major assets to the business, which continues to grow.”
Since joining Herrick Feinstein LLP in 2004, Mari-Claudia Jiménez has been an integral member of the Art Law Group. While building relationships over the course of weeks, months and years, she counseled her clients on transactions, advised on the maintenance of collections, and managed litigations. In addition to guiding private and institutional clients on consignments and purchases, arranging for loans at museums and galleries, and organizing the logistics required in between, Jiménez has also played an important role in domestic and international claims; she had particularly noteworthy success in cases relating to the restitution of art looted in Europe and in Cuba, to which she maintains a strong connection through her Cuban-Spanish heritage.
Mari-Claudia Jiménez is a graduate of Fordham University Law School and Fordham University Graduate School of Arts and Sciences. Prior to attending law and graduate school, Jiménez studied Art History at Williams College, and continues to support her alma mater as a board member of its Museum of Art Visiting Committee.
CC-BY-SA-2.0, FlickrPhoto: Dell Inc. Five Things Millennial Women Need to Know About Their Money
According to Joslyn G. Ewart, Founding Principal of Entrust Financial and writter of Balancing Act: Wealth Management Straight Talk for Women, millennial women have redefined what success is and they work hard for their assets.
As women of wealth, what do they need to know about taking care of their money? In her opinion, first and foremost affluent millennial women need to take charge of their money. Whether they earned it, inherited it, or received a substantial divorce settlement, the decision to take responsibility for their wealth is paramount. She presents five tips to do so:
Take charge of your wealth planning.
Avoid the “Just sign here, honey!” syndrome, as described above when that special someone is given authority over your personal finances.
Consider the benefits of finding a competent wealth advisor to help you achieve all that is important to you with respect to your money.
Make a spending plan.
“Get started.”
“I predict a couple of phenomenal outcomes when affluent millennial women choose to take charge of their money. The first is they will be better able to take care of themselves and their families no matter what curve balls life throws their way. The second is that women are charitably minded, more so than men, and often serve as a catalyst for social change, change that benefits not only their families but all of us.” Says Ewart.
Foto: Cory M. Grenier
. UBS y Rent The Runway Foundation lanzan una iniciativa para incrementar el número de mujeres emprendedoras de alto impacto y crecimiento
Rent the Runway Foundation and UBS recently announced the second year of Project Entrepreneur, a venture competition and educational program designed to provide women entrepreneurs nationwide with the tools to build high-growth, high-impact businesses.
“We’re thrilled to continue our partnership with UBS to give women with big dreams the tools they need to create high-growth companies,” said Jennifer Hyman, CEO and Co-founder of Rent the Runway. “We were so inspired by last year’s Project Entrepreneur participants and the incredible momentum the three winning companies have experienced since completing the accelerator program. We can’t wait to give more incredible women-founded companies the resources they need to scale and achieve high impact.”
Project Entrepreneur’s venture competition is open to women entrepreneurs who intend to build high-growth businesses that are in the prototype or beta stages, or that may have their first paying customers. The top 200 applicants in the competition will be invited to attend the two-day PE Weekend Intensive in New York City on April 7th and 8th, where they will receive targeted support for their companies. The weekend will culminate in a live pitch competition where 12 finalists present to a judging panel of successful entrepreneurs and investors. Three winning teams will receive a cash prize of $10,000 each and a spot in a five-week accelerator program hosted at Rent the Runway’s New York office.
“Entrepreneurs are the driving force behind job creation and economic growth in this country,” said Lori Feinsilver, Head of Community Affairs, UBS Americas. “And yet women remain underrepresented in the founder landscape. Our goal this year is to continue leveling the playing field for all innovators so that everyone has the opportunity to realize the impact of their work.”
In select markets, Project Entrepreneur will also offer free educational summits at which attendees will be able to workshop their business ideas with successful, entrepreneurial women and hear from Rent the Runway co-founders, Jennifer Hyman and Jenny Fleiss, Melissa Ben-Ishay of Baked by Melissa, Rachel Sklar of TheLi.st, and Shan-Lyn Ma of Zola, among many other leaders and experts.
Registration for these summits will be available at projectentrepreneur.org. Summits will take place as follows:
CC-BY-SA-2.0, FlickrPhoto: Drew Barrymore. What Do Tony Robbins, Kevin O'Leary, Drew Barrymore, Jim Cramer, Ivanka Trump, and Cynthia Rowley Have in Common?
What do Tony Robbins, Kevin O’Leary, Drew Barrymore, Jim Cramer, Ivanka Trump and Cynthia Rowley have in common? They all experienced a “financial grownup moment” when they realized that they had to pay attention to money, and that the financial decisions they made had a significant impact on them and the people they cared about.
These financial Role Models, and 24 others, tell their financial grownup stories and share the lessons they learned in “How to Be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom,” the new book by award-winning Reuters journalist Bobbi Rebell.
“Most people don’t expect a personal finance book to mention a sex scandal, repeated battles with cancer, tales of living out of a car, or extreme childhood poverty—but these are the real, raw stories behind these inspiring Role Models’ financial grownup moments,” said author Rebell. “To add to the Role Models’ contributions, I also consulted a team of financial experts for actionable information and advice to help readers make immediate improvements to their financial lives.”
“How to Be a Financial Grownup” features:
Tony Robbins on owning the choices you make
Kevin O’Leary on making sacrifices to reach your goals
Drew Barrymore on pouring your heart into your work
Jim Cramer on the need to be financially literate
Ivanka Trump on the difference between spending and splurging
Cynthia Rowley on taking risks and trusting your vision as an entrepreneur
Elliot Weissbluth on good vs. bad debt
Terry Lundgren on choosing the best career for your financial goals
Amanda Steinberg on spending money without busting your budget
Roger Crandall on realistic investing strategies tailored to goals
Sallie Krawcheck on the financial impact of work/life choices
Spencer Rascoff on making the best real estate choices
Aaron Shapiro on mixing friends and finances
Alexia Brue on how healthy eating along with mindfulness pay off financially
And more
Though she began work on the book with millennials in mind, Rebell quickly determined that these skills and lessons are essential at every life stage – from setting up post-college, to getting married and having kids, to the often-scary prospect of retirement.
Foto: Jeff Gunn
. El New England College of Business lanza una especialización en Global Finance Trading
New England College of Business launched a new concentration in its Master of Science in Finance (MSF) degree in Global Finance Trading. The new concentration is being offered in response to a growing worldwide demand for graduates trained in practical financial knowledge and an understanding of the processes and technologies of global trading.
The new Global Finance Trading concentration was developed through collaboration between New England College of Business and London Academy of Trading.
The Global Finance Trading concentration helps students adopt the strategies of maximizing trading gains while minimizing risks, learn to utilize fundamental analysis and technical indicators, and also acquire an understanding of trading psychology and risk management.
Dr. Ned Gandevani, New England College of Business, Graduate Finance Program Chair, indicated that research shows that some students lack training in asset management, and this new concentration stresses real-world scenarios to help students fill this gap in skill sets. “In addition to classroom training and theoretical learning, students manage assets through simulations,” Gandevani said.
In addition to acquiring practical skills, students also become familiar with processes and technologies used by finance professionals throughout the world. The program covers such areas as Foreign Exchange (Forex), commodities and stock indices.
Hong Kong. Foto: TreyRatclif, Flickr, Creative Commons.. BNY Mellon WM lleva su negocio de gestión de patrimonios a Hong Kong y refuerza su presencia en Asia – Pacífico
According to Mercer’s 2016 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates, pushing Luanda, Angola to second position.Zurich and Singapore remain in third and fourth positions, respectively, whereas Tokyo is in fifth, up six places from last year. Kinshasa, ranked sixth, appears for the first time in the top 10, moving up from thirteenth place.
Other cities appearing in the top 10 of Mercer’s costliest cities for expatriates are Shanghai (7), Geneva (8), N’Djamena (9), and Beijing (10). The world’s least expensive cities for expatriates, according to Mercer’s survey, are Windhoek (209), Cape Town (208), and Bishkek (207).
Mercer’s widely recognized survey is one of the world’s most comprehensive, and is designed to help multinational companies and governments determine compensation strategies for their expatriate employees. New York City is used as the base city for all comparisons and currency movements are measured against the US dollar. The survey includes over 375 cities throughout the world; this year’s ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.
Despite volatile global markets and growing security issues, organizations continue to leverage global expansion strategies to remain competitive and to grow. Mercer’s 22nd annual Cost of Living Survey finds that factors including currency fluctuations, cost inflation for goods and services, and instability of accommodation prices, contribute to the cost of expatriate packages for employees on international assignments.
“Despite technology advances and the rise of a globally connected workforce, deploying expatriateemployees remains an increasingly important aspect of a competitive multinational company’s business strategy,” said Ilya Bonic, Senior Partner and President of Mercer’s Talent business. “However, with volatile markets and stunted economic growth in many parts of the world, a keen eye on cost efficiency is essential, including a focus on expatriate remuneration packages. As organizations’ appetite to rapidly grow and scale globally continues, it is necessary to have accurate and transparent data to compensate fairly for all types of assignments, including short-term and local plus status.”
The Americas
Cities in the United Stateshave climbed in the ranking due to the strength of the US dollar against other major currencies, in addition to the significant drop of cities in other regions which resulted in US cities being pushed up the list. New York is up five places to rank 11, the highest-ranked city in the region. San Francisco (26) and Los Angeles (27) climbed eleven and nine places, respectively, from last year while Seattle (83) jumped twenty-three places. Among other major US cities, Honolulu (37) is up fifteen places, Washington, DC (38) is up twelve places, and Boston (47) is up seventeen spots. Portland (117) and Winston Salem, North Carolina (147) remain the least expensive US cities surveyed for expatriates.
In Latin America, Buenos Aires (41) ranked as the costliest city despite a twenty-two place drop from last year. San Juan, Puerto Rico (67) follows as the second most expensive location in the region, climbing twenty-two spots. The majority of other cities in the region fell as a result of weakening currencies against the US dollar despite price increases on goods and services in countries, such as Brazil, Argentina, or Uruguay. In particular, São Paolo (128) and Rio de Janeiro (156) plummeted eighty-eight and eighty-nine places, respectively, despite a strong increase for goods and services. Lima (141) dropped nineteen places while Bogota (190) fell forty-two places. Managua (192) is the least expensive city in Latin America. Caracas in Venezuela has been excluded from the ranking due to the complex currency situation; its ranking would have varied greatly depending on the official exchange rate selected.
Canadian cities continued to drop in this year’s ranking mainly due to the weak Canadian dollar. The country’s highest-ranked city, Vancouver (142), fell twenty-three places. Toronto (143) dropped seventeen spots, while Montreal (155) and Calgary (162) fell fifteen and sixteen spots, respectively.
Europe, the Middle East, and Africa
Two European cities are among the top 10 list of most expensive cities. At number three in the global ranking, Zurich remains the most costly European city, followed by Geneva (8), down three spots from last year. The next European city in the ranking, Bern (13), is down four places from last year following the weakening of the Swiss franc against the US dollar.
Several cities across Europe remained relatively steady due to the stability of the euro against the US dollar. Paris (44), Milan (50), Vienna (54), and Rome (58) are relatively unchanged compared to last year, while Copenhagen (24) and St. Petersburg (152) stayed in the same place. In Spain, Madrid is up from 115 to 105, and Barcelona from 124 to 110.
Other cities, including Oslo (59) and Moscow (67), plummeted twenty-one and seventeen places, respectively, as a result of local currencies losing significant value against the US dollar. London (17) and Birmingham, UK (96) dropped five and sixteen places, respectively, while the German cities of Munich (77), Frankfurt (88), and Dusseldorf (107) climbed in the ranking.
A few cities in Eastern and Central Europe climbed in the ranking as well, including Kiev (176) and Tirana (186) rising eight and twelve spots, respectively.
Tel Aviv (19) continues to be the most expensive city in the Middle East for expatriates, followed by Dubai (21), Abu Dhabi (25), and Beirut (50). Jeddah (121) remains the least expensive city in the region despite rising thirty places. “Several cities in the Middle East experienced a jump in the ranking, as they are being pushed up by other locations’ decline, as well as the strong increase for expatriate rental accommodation costs, particularly in Abu Dhabi and Jeddah,” said Ms. Constantin-Métral.
Despite dropping off the top spot on the global list, Luanda, Angola (2) remains the highest ranking city in Africa. Kinshasa (6) follows, rising seven places since 2015. Moving up one spot, N’Djamena (9) is the next African city on the list, followed by Lagos, Nigeria (13) which is up seven places. Dropping three spots, Windhoek (209) in Namibia ranks as the least expensive city in the region and globally.
Asia Pacific
This year, Hong Kong (1) emerged as the most expensive city for expatriates both in Asia and globally as a consequence of Luanda’s drop in the ranking due to the weakening of its local currency. Singapore (4) remained steady while Tokyo (5) climbed six places. Shanghai (7) and Beijing (10) follow. Shenzhen (12) is up two places while Seoul (15) and Guangzhou, China (18) dropped seven and three spots, respectively.
Mumbai (82) is India’s most expensive city, followed by New Delhi (130) and Chennai (158). Kolkata (194) and Bangalore (180) are the least expensive Indian cities ranked. Elsewhere in Asia, Bangkok (74), Kuala Lumpur (151) and Hanoi (106) plummeted twenty-nine, thirty-eight, and twenty places, respectively. Baku (172) had the most drastic fall in the ranking, plummeting more than one hundred places. The city of Ashkhabad in Turkmenistan climbed sixty-one spots to rank 66 globally.
Australian cities have witnessed some of the most dramatic falls in the ranking this year as the local currency has depreciated against the US dollar. Brisbane (96) and Canberra (98) dropped thirty and thirty-three spots, respectively, while Sydney (42), Australia’s most expensive ranked city for expatriates, experienced a relatively moderate drop of eleven places. Melbourne fell twenty-four spots to rank 71.
Foto: Scott Pitocco
. Real Madrid CF y Manchester United FC lideran la tabla de valoración de clubs europeos de fútbol de KPMG
KPMG recently released ‘Football club’s valuation: The European elite’, a report providing an indication of the value of the most prominent European football clubs.
“Our analysis of Europe’s 32 leading football clubs highlights the changing economic landscape of football. While football clubs are among some of the world’s most instantly recognised brands, with truly global fan bases, their Enterprise Value when measured in a similar way to any other business, is relatively small.” Commented Andrea Sartori, KPMG’s Global Head of Sports and the report’s author.
KPMG’s research found that English clubs top the report in terms of Enterprise Value (EV) per country with a combined total value in excess of EUR 10 billion. English clubs accounted for approximately 40% of the aggregate value of the 32 clubs valued.
“Thanks to the deal signed by the English Premier League at the beginning of 2015 the difference in terms of broadcasting revenues among the leading European leagues and the Premier League has widened significantly, despite the booming price of domestic broadcasting rights across other parts of Europe.”
Spanish teams, who have won all of Europe’s major club competitions for the past three years, follow suit with approximately EUR 6.6 billion of EV, buoyed by the two giants, Real Madrid CF and FC Barcelona, which together represent 85% of the Spanish pie and 21% of the total. Spain is the only country represented by two clubs whose enterprise value exceeds EUR 2 billion each.
Germany had only 3 clubs valued amongst Europe’s top 32 with a combined value in excess of EUR 3.5 billion.
Italian teams today play a less prominent role both on and off the pitch. FC Internazionale Milano were the last Italian club to lift the UEFA Champions League back in 2010, and since then only Juventus FC last year have been able to reach the final. Although Italy has the highest number of represented clubs (7) together with England, the overall enterprise value of the Italian teams is 70% lower than the English ones (EUR 3.1 billion vs. EUR 10.2 billion). Juventus FC, with an EV almost approaching EUR 1 billion, are the only Italian club appearing in the Top 10.
Paris Saint-Germain FC from the French Ligue 1, were assessed as the 10th most valuable club in the ranking, with a value of EUR 843 million.
Only six clubs out of 32 (AFC Ajax, PSV Eindhoven, SL Benfica, FC Porto, Fenerbahçe SK and Galatasaray SK) do not play in one of Europe’s ‘big 5’ leagues, and these clubs only account for approximately 5% of the total enterprise value of the 32 clubs evaluated.
Foto: Raúl A.-
. El sueño americano: la felicidad y seguridad son más valoradas que la riqueza
According to a research recently released by Northwestern Mutual, two-thirds (66%) of U.S. adults believe that they can attain ‘The American Dream’, and only 16% feel it is out of reach. That said, the study also revealed some interesting nuances about how perceptions of The American Dream have changed, and not just generation over generation. A third (31%) of Americans say their definition of The American Dream has changed in just the last five years; and more than half (57%) say their view of The American Dream is different than how their parents viewed it.
In today’s view of The American Dream, happiness and security are valued considerably more than wealth, opportunity and moving up in social class. When asked about the most defining characteristics of The American Dream today, the top two answers were: “Having a happy family life” (59%); and “Being financially secure” (58%).
This far outweighed some of the more traditional notions of The American Dream, including: “Having more opportunities than my parents’ generation” (18%); “Having wealth/making a lot of money” (11%); and “Moving up in social class” (3%).
Interestingly, a full three-quarters of Americans (74%) say they would not swap the lifestyle and financial situation they have today for what their parents had when they were the same age.
“The goal today seems to be more about outcomes – happiness, security and peace of mindrather thanmaterial wealth or the opportunity to advance,” said Rebekah Barsch, vice president of planning and sales at the firm.
Financial Insecurity While long-term optimism in the attainability of The American Dream is positive, there is also considerable evidence showing that many people do not feel financially secure in the present, and are not bringing high levels of discipline to their financial planning. The study found that nearly a third of U.S. adults (29%) said they do not feel financially secure; Only one in five (21%) Americans consider themselves to be “highly disciplined” financial planners; A third (34%) consider themselves “disciplined” planners; Another third (33%) consider themselves “informal”; And more than one in ten (12%) “do not plan at all” and “have not set any financial goals”.
A new index unveiled in Zurich this June is the first to ever objectively rank the quality of nationalities worldwide. The Henley & Partners – Kochenov Quality of Nationality Index (QNI) explores both internal factors (such as the scale of the economy, human development, and peace and stability) and external factors (including visa-free travel and the ability to settle and work abroad without cumbersome formalities) that make one nationality better than another in terms of legal status in which to develop your talents and business.
The QNI consistently ranks the German nationality the highest in the world over the last five years with a score of 83.1%. The nationality of the Democratic Republic of Congo sits at the bottom of the index on 14.3%.
Dimitry Kochenov, a leading constitutional law professor with a long-standing interest in European and comparative citizenship law, says the key premise of the index is that it’s possible to compare the relative worth of nationalities – as opposed to, simply, countries. “Everyone has a nationality of one or more states. States differ to a great degree – Russia is huge – Swaziland is small; Luxembourg is rich – Mongolia is less so. Just as with the states, the nationalities themselves differ too. Importantly, there is no direct correlation between the power of the state and the quality of its nationality. Nationality plays a significant part in determining our opportunities and aspirations, and the QNI allows us, for the first time, to analyse this objectively.”
A unique measurement tool The QNI is not a perception index. It uses an array of objective sources to gauge the opportunities and limitations that each nationality gives its owners. Data from the World Bank, the International Air Transport Association, the Institute for Economics and Peace and our own research blends into this unique, objective and transparent measurement tool that divides the nationalities of the world into four tiers based on quality, from Very High to Low, giving a clear picture of the standing of each nationality at a glance. Christian H. Kälin, a leading specialist on international immigration and citizenship law and policy, and Chairman of Henley & Partners, says the QNI is relevant to both individuals interested in the mobility, the possibilities and the limitations of their nationality, and governments focused on improving the local, regional and global opportunities inherent in their passports.
Kälin states: “What makes the QNI so unique is that for the first time ever, we have combined the internal and external values of each nationality to create a true perspective of our globalized world. It is clearly better to have a nationality of a country with long life expectancy, good schooling and high prosperity – like Australia – than of a country which offers lower levels of security, schooling and healthcare to its nationals – like Ukraine.” This is what the QNI shows, and Kälin adds: “It is better to have a nationality with the rights to work and reside in several countries, like the Netherlands, with work and residence rights throughout the EU, rather than, say, Japan, which, although equally prosperous, does not offer its nationals any rights at all outside their own borders. It is also better to have a nationality of a peaceful and stable country, like Denmark, rather than of a country with security risks, like Venezuela.”
What is measured and how? To calculate the internal value of each nationality, which comprises 40% of the score, the QNI takes into account three sub-elements:
The economic strength of the country, measured by Gross Domestic Product (GDP): 15%
The scale of human development, as expressed by the United Nations Human Development Index (HDI): 15%
The level of peace and stability, according to the Global Peace Index (GPI): 10%
The external value of nationality accounts for 60% of the ranking score. “The more you are restrained by national borders, the less the value of your nationality; the less noticeable the borders, the higher the value. While many opt for a life at home, an increasing number of people want to build a new life somewhere else or live their lives transnationally”, explains Kälin. There are four sub-elements:
The diversity of settlement freedom: 15%
The weight of settlement freedom: 15%
The diversity of travel freedom: 15%
The weight of travel freedom: 15%
Kochenov adds that it’s the first time that the diversity of settlement freedom provided by a nationality has been quantified and measured. “As no analogous source exists on global settlement freedom, the QNI provides the first and only such source worldwide. We gathered data through extensive research as well as consultation with countless experts on the legal requirements of settlement throughout the world, using IATA data as the starting point. For instance, the Liechtenstein nationality, although conferred by a tiny country, gives its bearers full access to all of the EU, the European Economic Area and Switzerland, a total of 31 countries, enjoying all the key rights which the bearers of the local nationalities enjoy. Compare this with Canadian nationality – which is associated with no such extra-territorial rights at all – and the difference becomes clear,” explains Kochenov.
“When assessing the external value of nationalities, it is important to take into account both diversity and weight. Diversity refers to the sheer number of countries accessible visa-free, while weight accounts for the quality of such countries. This allows the QNI to escape the simplifications of other indexes, valuing visa-free travel to the US as equal to visa-free access to Kiribati. While being able to travel to Kiribati is great, the empowering potential of accessing the US is infinitely higher,” says Kochenov.
Regional and Country Results Europe and North America outperform the QNI’s global mean of 38.7% by a wide margin, with means of 62.8% and 58.1% respectively. The EU nationalities derive particular value from their unmatched Settlement Freedom, thereby boosting the continent’s Overall Value
Within the EU, the older EU Member States’ nationalities have very stable levels of quality. Newer Member States – particularly Bulgaria, Romania and Croatia – have greatly benefitted from EU integration and are likely to continue to improve
The nationalities of the US and Canada benefit primarily from very strong Internal Value and spectacular visa-free travel, but lie in the lower ranks of the Very High quality nationalities along with countries like Japan, Singapore and South Korea which cannot compete with the superb Settlement Freedom of EU nationalities, but perform well in all other aspects
South American nationalities have experienced a substantial increase in value due to significant progress made in the area of Settlement Freedom and the mutual gradual removal of the barriers related to settlement and work
None of the nationalities of the former Soviet Union are of Very High value and while the Russian nationality experiences a gradual increase in quality due to the constant conclusion of new visa-free agreements, the recent shift in Russian policy vis-à-vis the nationalities of the Commonwealth of Independent States makes it more difficult for CIS nationals to settle in Russia, and explains a general decrease in the quality of nationalities with important ties to Moscow
Destabilization in North Africa and the Middle East has adversely affected the quality of the nationalities in these regions. Libya, Bahrain and Oman experienced major blows to the value of their nationalities, and Syria has, unsurprisingly, been in free fall
Central America and the Caribbean generally score lower on the majority of sub-elements and the lack of significant Settlement Freedom prevents even the top-ranked nationalities from matching the European, North American and some of the East Asian nationalities
The Asian and Pacific regions sit quite far below the global mean. However, Asian nationalities occupy positions across the entire spectrum of the QNI, from the Very High Quality tier (for example Japan, New Zealand, and Singapore) to Low Quality (Myanmar, Pakistan, and Afghanistan)
Kälin says The Henley & Partners – Kochenov Quality of Nationality Index, now covering the five years between 2011 and 2015, will be updated annually to ensure a current picture of the quality of world nationalities is readily available at any moment in time, illuminating medium to long-term trends in nationalities’ development. He adds: “The QNI is a vital resource for financially independent individuals who wish to acquire the benefits of dual citizenship, as it provides assistance in selecting the most valuable second nationality for themselves and their families.”
To visit the Quality of Nationality Index (QNI) website and see how the nationalities you are most interested in score in the ranking follow this link.
The CAIA Miami Chapter had its launch event on Thursday, May 12th at the Rusty Pelican restaurant on Key Biscayne, FL. The launch event was attended by approximately 105 guests generally representing Latin America and South Floridafirms. The evening included a 5 PM cocktail reception and registration followed by a 6 PM program which included a keynote topic on the Current State of Liquid Alts: Products and Regulations, presented by Karim Simplis, VP/Senior Product Managers, Alternatives with Franklin Templeton Investments.
The keynote topic was followed by an Alternative Asset Classes panel discussion led by moderator, Chris Battifarano, Director of Research with GenSpring Family Offices and panelists David Coggins, Principal with Coral Gables Asset Management, Helen Doody, Managing Director with Abbey Capital, and Shawn Lese, Managing Director – Global Assets with TIAA Global Asset Management. A 7:30 PM social networking hour followed the program and many of the guests stayed and enjoyed meeting new faces well into the evening.
Steve Johnston, Miami Chapter Head, welcomed all the guests and briefly discussed the chapter’s mission statement before introducing the other CAIA Miami Chapter executives, Karim Aryeh, Eddy Augsten, Gabe Freund, Tisha Turner, and Daisy Weiss.
Bill Kelly, CEO of CAIA, congratulated the launch of the CAIA Miami chapter for CAIA members in Florida, as well as discussing the importance of the chapter’s inclusion of interested Latin America CAIA participants, which is a targeted growth region for the CAIA Association. The CAIA Miami launch event was sponsored by GenSpring Family Offices.
