Start-up managers continue choosing structures not appropriate for their potential investor base, and which can considerably reduce chances of obtaining professional indemnity (PI) insurance, according to a support services firm and regulatory expert.
Steve McGuinness, managing director of London-based HedgeSupport, said it was still approached by start-ups planning offshore master-feeder structures, where the tax advantages the structure bestowed were meaningless if the sole investor target was
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines