No more tax problems at JPMorgan

In a move that signals a further push by JPMorgan Private Bank, it hires Christian Stewart.

It used to be the case that rich Asian private banking clients were only concerned about performance. Because of low tax regimes, tax planning was less of a worry.

A trend in the past year or so has been for Asia's wealthiest to wake up to the reality that their governments are likely to tax them more in the future than in the past. Even in Hong Kong - with its budget deficits - there is a concern that a...

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