Non-dom exodus: Top London dealmaker quits UK for Switzerland

Permira's Kurt Björklund joins wealthy UK exodus to Switzerland

HighlightsKurt Björklund, head of Permira private equity firm, has moved to Switzerland following tax reforms. Labour ended special tax breaks for wealthy foreigners and increased taxes on private equity profits. Several billionaires and finance bosses have left the UK following the new tax rules.Kurt Björklund, the top executive at Permira, one of London's biggest private equity firms managing €85bn in assets, has moved from the UK to Switzerla…

Non-dom exodus: Top London dealmaker quits UK for Switzerland

One of London’s most successful private equity dealmakers has left the UK for Switzerland, adding to the wave of wealthy individuals quitting Britain in the wake of the government’s crackdown on wealth. Kurt Bjorklund, the executive chair of Permira who until recently was the buyout giant’s managing partner, relocated to the low-tax jurisdiction in the past year after ministers unveiled a succession of tax grabs from the super rich, according to…

Permira chair moves to Switzerland as wealthy executives rethink residency strategies

Kurt Björklund, executive chairman at private equity firm Permira, has changed his tax residency from the UK to Switzerland, becoming the latest high-profile figure among a growing group of globally mobile executives. As Permira will remain headquartered in London, the move, first reported by the Financial Times on Tuesday, is understood to be a personal decision rather than a shift in the firm’s operations. It reflects a broader trend since 202…