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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 ....