New research has shown that the majority of the trust and corporate services industry expects the impact of COVID-19 to be short term.
In a recent global survey of wealth managers, private banks, fund administrators, trust and corporate services providers, TrustQuay - a technology provider to the corporate services, trust and fund administration markets - found that 50 percent of respondents said they expected business activity to return to pre-COVID levels within 6 months.
A further 26 percent said business would bounce back within a year. Those expecting recovery to take more than 12 months equated to only 24 percent ...