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Hong Kong too expensive? Compliance costs drive new External Asset Managers to use Singapore as a base

The age-old Hong Kong vs. Singapore tussle has had another dimension added, as an increasingly stringent regulatory environment in Hong Kong forces new entrants to the external asset manager (EAM) space to turn to Singapore. “Both Hong Kong and Singapore very obviously follow two different approaches,” says the head of one external asset management firm with an established presence in…

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