Shein’s former head of Europe relocates from London to Dubai November 26, 2025 The former head of Europe at e-commerce giant Shein has become the latest British executive to relocate to Dubai, City AM can reveal. Cui He, who was director of Europe at Shein from the beginning of 2023 until last month, according to her LinkedIn profile, has shifted her residency from London to the United Arab [...]
‘Reckless and self-defeating’: Leading wealth manager slams possible exit tax November 9, 2025 The head of a leading financial advisory and wealth management firm has slammed plans to impose an exit tax on wealthy Brits fleeing the UK, arguing it would leave lasting damage on the country. Reeves is reportedly looking at a possible 20 per cent “settling-up charge” on business assets, which is the rate of Capital [...]
Informa boss shifts residency to UAE October 31, 2025 The boss of a FTSE 100 company Informa has shifted his residency to the UAE and stepped back from his role in the House of Lords, to run the data and events firm from what is one of its fastest-growing regions. Lord Carter, who was the founding chief executive of media watchdog Ofcom, has relocated [...]
Super-rich ditch London mansions for flats, developer says October 30, 2025 London’s super-rich are swapping mansions for pieds-à-terre as they seek to wind down their presence in the UK or exit altogether, one of the top developers in the capital has said. Alex Michelin, co-founder of Valouran, said many high net worth individuals (HNWIs) remained attracted to London but were scaling down their property investment to [...]
How London’s luxury property market ground to a halt October 30, 2025 On Bishops Avenue, it is quiet. On a recent weekend walk down the mile-long parade of luxury mansions, not a single other person could be spotted strolling along the pavement. The property market for Hampstead-based The Bishops Avenue, known locally as Billionaire’s Row, is equally quiet. Aside from one high-end house snapped up by a [...]
Reeves ‘flying blind’ on non-doms as ultra-rich couple move to Milan October 21, 2025 Rachel Reeves will go into next month’s budget “flying blind” over the number of non-doms that have left the UK, a new report has warned on the day that a high-profile couple relocated to Milan in response to the Chancellor’s crackdown last autumn. The study, which was compiled by former Treasury economist Chris Walker, found [...]
Ferrari cut UK supply after Labour’s tax raid on wealthy October 17, 2025 The boss of Ferrari has blamed the Labour government’s crackdown on wealth for its decision to cut the number of cars it sells in the UK, saying that a “stabilisation” in demand was happening in the country. Chief executive Benedetto Vigna told the Financial Times that his firm had reduced allocations of its supercars to [...]
Mind the Split: London is the best city to be a divorce lawyer October 14, 2025 London’s reputation as the divorce capital of the world looks set to grow after a recent court ruling paved the way for more foreign cases to be heard in the city. Litigation-focused law firm Stewarts has expanded its high-net-worth practice to meet rising demand for complex, high-value divorce work. High-profile, high-net-worth divorces collect media headlines [...]
HSBC UK beefs up wealth arm with ‘generational’ bet September 26, 2025 HSBC UK is making a “generational” play to beef up its wealth arm as the banking juggernaut eyes global dominance in the field. The FTSE 100 titan will launch a new Wealth Academy this autumn, the bank’s managing director of wealth Christopher Dean told City AM, in partnership with the London Business School. The bank’s [...]
Non-dom directors beware – leaving the UK comes with trade-offs August 21, 2025 Running for the exit after Labour's non-dom tax crackdown? Employment lawyer Chiara Muston outlines the trade-offs to consider.