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UBO disclosure unlikely to affect demand for trusts: HSBC PB

China Wind Lock Gu Lou

Demand for trust structures has not been significantly impacted by enhanced ultimate beneficial ownership (UBO) disclosure regulations, as other wealth planning structures face similarly stringent transparency requirements, according to HSBC Private Banking’s Joanna Ho, head of wealth planning, Asia Pacific, private wealth solutions. “The need for transparency is the same in any structure. Trusts are no different from the other…

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