60-second interview with Ákos Menyhei

Ákos Menyhei, 13/1/2020

Dr Ákos Menyhei TEP is Managing Partner at Primus Trust Corp and Aliant-Menyhei Law, Budapest.

What does your firm or organisation do?

Primus Trust Corp is a fully licensed trust service company in Budapest.

What has STEP done for you, individually, or as a business?

STEP provides networking opportunities, and regular updates about industry developments.

What is the most important thing STEP does, in your opinion?

I would say education and sharing information.

You will be speaking at the STEP Europe Conference next month. What will you be speaking on and what are the main issues?

I will speak about Hungarian asset management foundations which can act like trusts. An important part of their appeal is that they can be kept private while complying with the current legal environment.

What do you most like about your job?

I’d say the variety of the cases I see.

.. and what do you feel is most worthwhile?

Above all, gaining my clients’ trust.

What would you say to a young person thinking of a career in this industry?

I’d recommend them to learn, listen and see - not just watch.

Which sectors are likely to see the strongest future growth, do you think?

I envisage personalised asset products, where privacy is assured.

What about jurisdictions?

In my opinion, Asia will do well.

What do you feel are the main challenges facing your organisation at the moment, and how will you deal with them?

There is a great deal of overregulation, in my opinion, and my main challenge is explaining compliance to my clients.

Dr Ákos Menyhei TEP is Managing Partner at Primus Trust Corp and Aliant-Menyhei Law, Budapest, where he specialises in wealth planning, tax planning and asset protection.