May 05 2021
In today’s world, asset management seems mostly about handling risks and
costs in a marketplace that is more competitive and riskier than ever. Within
the industry itself, rivalry has become more aggressive, regulations have grown
even more complex, and technology has further altered the nature of
competition.
As a response to increased cost pressure and new compliance
requirements, especially those triggered by the EU’s second Markets in
Financial Instruments Directive (MiFID II), many asset managers have embarked
on radical changes to their EU operating models.
In light of these developments, the tax impact of these new operating