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Asiaciti Trust would like to issue a statement in response to the Monetary Authority of Singapore’s announcement on 22 July.

Asiaciti Trust is pleased to announce the appointment of Kate Weiss as Managing Director, Asiaciti Trust New Zealand. Weiss is a UK qualified lawyer with over 15 years of professional experience in trust and fiduciary services across the UK, BVI and Switzerland.

Asiaciti Trust’s Laurence Black was on the panel of experts who deliberated the growth of family offices in the UAE at the Hubbis Middle East Wealth Management Forum 2020.

The Trusts Act 2019 (‘Act’), which comes into force on 30 January 2021, applies to most existing and new trusts. Existing trusts have a transitional period until then. The Act makes trust law more transparent and accessible by clarifying existing law and providing better guidance for trustees and beneficiaries.

Laurence Black, Regional Director, Client Solutions, EMEA at Asiaciti Trust, told the audience at the Hubbis Middle East Wealth Management Forum how important it is to choose trustees and jurisdictions wisely.