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Hong Kong-Based Asset Managers Eye Singapore Offices - Report

Editorial Staff

16 January 2020

Political unrest in Hong Kong is encouraging some asset managers to set up offices in Singapore, Bloomberg reports (as cited by the Straits Times, 15 January). However, protests are not the only driver, because such firms want to diversify their footprints anyway.

Global finance advisor .

Last year, WealthBriefingAsia spoke to law firms about whether the protests had prompted much movement of assets, or indeed individuals, out of the jurisdiction. The general response was that there had been a rise of about 30 per cent in volume of enquiries about re-domiciling assets, and more queries about obtaining foreign passports and residency programmes.