A world where animal spirits are running wild is also one that has temporarily divorced from fundamentals. Experience tells us this often doesn’t end well.Â
The wealth transfer from Baby Boomers to their offspring, which is in full swing, has got the taxman’s full attention, especially as it pertains to capital gains payments, trust structures and potential breaches of the Tax Act’s Division 7A.
Perrignon off to HK with Credit Suisse
Pictured: Matthew Perrignon
Credit Suisse has upgraded its sales effort for asset management in the Asia Pacific region through the transfer of the sales chief for Australia, Matthew Perrignon, to Hong Kong from January.
Perrignon, who is head of the “pension coverage group” and a director, will oversee the regional sales effort, with existing support in Sydney and Melbourne. The Credit Suisse offering involves a range of alternatives strategies as well as traditional international and regional funds.
Credit Suisse has a strong presence in Asia, which assists with its sales and marketing efforts.
Perrignon, for whom a farewell was held in Sydney last week, including influential super fund executives as well as colleagues and friends, joined Credit Suisse in 2008 from Challenger Financial Services, where he was head of institutional sales. He moves to Hong Kong with his wife and three children.
