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Independent Wealth Management Forum 2019 HK - Exclusive Insights - Howard Bilton - 3

Howard Bilton of Sovereign Group

Oct 28, 2019

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1. Are the more exotic jurisdictions, such as those in the Caribbean, still able to compete?

Video transcript

1. Are the more exotic jurisdictions, such as those in the Caribbean, still able to compete?

They're finding it a lot more difficult. We're seeing a trend; the last choice, they used to be the first choice, so there could be good reason for it. But we're seeing a move towards the long-established stability of Jersey, Guernsey, the Isle of Man, Gibraltar to an extent, but away from the coconut islands, as I heard one client call them. And Hong Kong and Singapore, I think, are coming to the fore. And Hong Kong would be ideally placed, particularly with its trust industry, now it's got regulation, if it wasn't for the present turmoil. So, I imagine, but I'm not certain of my facts here, that Singapore will be a major beneficiary of that.

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