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Independent Wealth Management Forum 2019 HK - Exclusive Insights - Howard Bilton

Howard Bilton of Sovereign Group

Oct 28, 2019

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1. Is the turmoil a gamechanger in the Hong Kong vs. Singapore debate? Will it have different impacts on fiduciary services providers (trustees, etc.) relative to asset management services?

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1. Is the turmoil a gamechanger in the Hong Kong vs. Singapore debate? Will it have different impacts on fiduciary services providers (trustees, etc.) relative to asset management services?

Well, I think it's a bit early to say whether it's a game changer, but what we can say is it's bloody unhelpful. Anything which suggests political turmoil detracts from what Hong Kong's main offering is, which is political stability and stable rule of law. So we're seeing something which ridicules the notion that we have those here. On video, I'm not going to make a comment about what I think of the demonstrations and whether I approve of them or not, but from a business point of view, it's unhelpful.

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