Heading for Hong Kong – Providing Direction in an Evolving World15th November 2018
We are very excited to be a sponsor at STEP Asia 2018, one of the highest profile global private client events in the calendar, which takes place in Hong Kong on 20 and 21 November.
STEP Asia has obvious synergies for us, with our offices in both Hong Kong and Guernsey, and Guernsey Finance is gold sponsor of the conference.
It’s also very timely following a targeted focus on Hong Kong from James Crawford, our Managing Director in Dubai, who spent some weeks visiting colleagues, clients and professional contacts there over the summer. James was struck by the massive economic growth in mainland China providing opportunities for structuring assets elsewhere.
He took the opportunity to meet up with Dorothy Kwok of Guernsey Finance, when they discussed how Guernsey structures can be a part of Asian private client wealth planning, and Jacob Cherry, the Guernsey Financial Services Commission representative in Hong Kong.
He found there was considerable interest in structuring wealth using a combination of private client professionals in the region and Guernsey, with its reputation for robust legislation, case law and regulation. Sometimes a combination of jurisdictions is required to arrive at the right solution. For example, Guernsey is a favoured jurisdiction for establishing trusts and foundations for Asian clients. Also, there are opportunities to set up managed trust companies for Hong Kong trust companies that are poised to enter the wider world.
At STEP Asia we’re the networking sponsor so if you’re heading there yourself please come up and say hello!