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CRS pressures contribute to Asian IAM growth

Independent asset managers in Asia stand to benefit from the incoming Common Reporting Standard (CRS) regime, according to industry sources, who point out that HNWIs are actively structuring wealth to ensure that assets earmarked for offshore investment purposes are ring-fenced from business assets. “This year, many of our new clients were low-profile single family offices,” says one source from a leading global asset manager….

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