Asian wealth managers face trickier choice post Brexit

Britain’s June 23 vote to leave the EU has raised concerns over its potential impact on fund distribution in the region, but many feel London is likely to remain the best place for asset managers to put a European base. However, the benefits seem less clear-cut for wealth managers.  A key issue is the Markets In Financial Instruments Directive 2 (Mifid 2), which will govern the provision of investment services into EU countries from January 3, 2018. Non-EU businesses operating i…