There are going to be an awful lot of changes to the governance of UK asset management groups over the coming months. 2019 could well turn out to be a tumultuous year.

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New substance rules have profound consequences offshore directors
Prior to the market crisis relatively little was expected of what is the governing body of an offshore fund, its board of directors. The market crisis, Madoff, Weavering and various other similar scandals brought offshore directors into the limelight. These events also did a lot to bring what some called the rubber-stamping era of offshore fund governance to an end.

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