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Charting a course: The future of the offshore industry

Nick Batiste, managing director & Philip Radford, director, Saffery Champness Registered Fiduciaries, 21/10/2020

As the management of, and recovery from, the Covid-19 pandemic continues around the world at varying paces there remains significant uncertainty over what the future might hold. 

The private wealth industry has arguably weathered the storm well thus far, buoyed at least in part by successful asset protection and growth amongst the global UHNW community. For example, UBS and PWC reported in early October that billionaire wealth had risen by a quarter to over £10 trillion for the first time (much of which will be held offshore), while Jeff Bezos famously became the world’s first ever £200 billionaire. On the other hand, st...


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