Updates to Hong Kong's trust law for the first time in almost 80 years will encourage trust companies to set up shop here. Yet the city must focus on attracting young talent.
Tag : withers
Spencer Ogden opens HK office, BoA-ML appoints former JP Morgan executive, CBRE names head of global research and Withers adds to its planning practice.
The law firm has entered an agreement with private equity firm BeA-Asia to grow its wealth planning offering for high-net-worth individuals in China.
The new requirement is a further stumbling block for money managers who are already constrained by onerous rules when dealing with US citizens as clients.
Guy Facey, regional head of corporate at Withers Hong Kong, says not enough attention is being paid to the risks associated with custody agreements.