Paradise Papers seen to trigger wealth firm M&A, exits

The so-called Paradise Papers leak is likely to lead to greater regulatory scrutiny of wealth managers in offshore jurisdictions such as Singapore and Hong Kong, which could hasten the exit of smaller or marginal players from the region, according to some experts. High net worth individuals (HNWIs), meanwhile, will have to get used greater sharing of sensitive financial data as the broader trend of global regulations pushes for more transparency, they said. “While the leaks show…