The shift in global capital is underpinned by a new reality: the Common Reporting Standard has effectively dismantled the era of financial opacity. With over 100 jurisdictions now automatically exchanging account data, FGA Trust is shifting its focus from simple administration to dynamic, technology-enabled stewardship. Harilela emphasizes that for mobile families, the quality of a firm’s compliance infrastructure is now as critical as the legal integrity of the trust itself.
Hong Kong’s Rise as a Wealth Hub Drives FGA Trust Strategy
As Hong Kong overtakes Switzerland to become the world’s largest cross-border financial hub, FGA Trust is recalibrating its fiduciary model to meet the demands of an era defined by total tax transparency. Director Kavi Harilela argues that the firm’s future success hinges on blending traditional common law protections with AI-driven compliance.
Recent legislative updates in Hong Kong, particularly the 2026 Inland Revenue (Amendment) Bill, have further bolstered the city's appeal. By expanding tax concessions for Family-owned Investment Holding Vehicles to include digital assets and private credit, the region is positioning itself as a flexible base for global wealth. FGA Trust is leveraging this by integrating these vehicles directly into its trust structures, allowing clients to maintain legal protection while navigating a tightening global regulatory landscape. Looking ahead, the firm is expanding its operational footprint, with eyes on a potential Dubai office to serve the growing corridor between Asia, Africa, and the Middle East.
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