Asia
New Zealand scraps proposed tax on fund management services
After it caused a ‘significant media backlash’
Apac HNWs diverting to ‘safer’ alternative and private assets
Investors top motivation is to ‘make the world a better place’
Aegon AM shifts Asia distribution focus to China
Existing clients will be supported by teams in Europe
Credit Suisse sells global trust business
Sale involves operations in Guernsey, Singapore, The Bahamas and Liechtenstein
Kingswood eyes 10 UK acquisitions a year
But firm ‘hasn’t found the right opportunities yet’ in the international market