Commenting on the risks a no-deal Brexit scenario presents as reported in Forbes, Udit Garg, Head of Wealth Management at Sun Global Investments said:
“The fundamental component of a no-deal scenario would be the loss of passporting rights and risking a division in portfolio across different jurisdictions and laws. In such a scenario, there will be a competitive flurry in the market across Europe, as Wealth Managers will try to poach clients across different jurisdictions to comply with local market norms.”
His comment was featured in Forbes.
Latest Update: Nov 08, 2020
