Mifid II to hurt smaller international DPM players: experts

The European Union’s incoming Markets in Financial Instruments Directive (Mifid II) could well add to the costs of wealth managers operating discretionary portfolios in Asia, and force smaller players to close, say market experts. But the new rules are unlikely to affect all regional players equally, with regionally-focused operators being less affected. “I believe only the bigger [wealth management] players will be able grow their discretionary assets more significantly [after …