George Hodgson is deputy chief executive at STEP, the worldwide professional body for those specialising in advising families across generations. Prior to joining STEP he held a senior policy position at the Association of British Insurers, the main insurance industry trade body in the United Kingdom and has also served on the staff of the Treasury Committee of the UK House of Commons. Prior to moving to public policy work Mr Hodgson had a career in investment banking that spanned over 20 years as a top-rated economist and investment strategist. He holds economics degrees from the University of Durham and the University of Stirling, and has been the author of many articles and research reports on trusts, taxation and investment issues.
At a macro level, the dominant trend affecting the private wealth arena in the last 12 months continues to be the impact of various supranational initiatives seeking greater transparency with respect to anti-money laundering regimes and tax information exchange. I propose to focus in this year’s introduction on the central importance of the concept of ‘beneficial ownership’ and the theme of convergence in the increasingly interconnected arenas of anti-money laundering policy and tax information exchange.