Latitude in the news Date: 29 October, 2024
In an exclusive interview with IMGlobal Wealth, Eric Major, Group Chairman and CEO of Latitude, discussed the company’s leading role in the investment migration industry. He shared insights on Latitude’s recent demerger from RIF Trust, its commitment to personalized global citizenship solutions, the future of the industry, and current trends in investment migration. Major emphasized the rising demand among high-net-worth individuals for global mobility and investment options, as well as Latitude Group’s expanding citizenship-by-descent division as an alternate route to secure a second citizenship.
Strategic Demerger from RIF Trust
A significant topic in the conversation was Latitude’s recent demerger from RIF Trust. Major explained that this decision has enabled Latitude to operate as an independent entity, creating new opportunities for market-specific growth. The separation marks an important strategic shift for both companies, allowing each to pursue tailored goals while still collaborating when mutually beneficial. This autonomy is central to Latitude’s mission to expand its influence in the investment migration sector.
Trends and Outlook
Major also addressed the future of Caribbean citizenship-by-investment (CBI) programs, noting their need to stay competitive and align with global standards to maintain appeal. He highlighted how adaptability and compliance with international regulations are essential for these programs’ longevity.
When asked about the recent opinion from the EU Advocate General recommending the dismissal of the European Commission’s case against Malta’s CBI program, Major expressed optimism, viewing it as a positive step for the sovereignty of EU member states in determining their own citizenship policies, and a milestone for the industry.
For the full interview with Eric Major, https://imglobalwealth.com/articles/navigating-new-horizons-eric-major-on-latitude-groups-pioneering-role-in-investment-migration/
Date: 29 October, 2024
Posted in: Latitude in the news