

Indonesia plans to establish family offices to attract global wealth
Indonesia’s Chief Investment Minister Luhut Binsar Pandjaitan is finalising plans to establish family offices in the country before...
Jul 22, 2024


Family offices launch USD100m fund for Hong Kong residency applicants
Hong Kong’s cash-for-residency scheme has spurred local family office operators to collaborate on launching a USD100 million fund...
Jul 19, 2024


Singapore challenges London as top hub for family offices
Singapore is positioning itself as a strong rival to London as a hub for family offices, according to a report by KPMG and Agreus. The...
Jul 18, 2024


Raffles Family Office names new group COO
Raffles Family Office has appointed Terence Chow as its new Group COO, effective July 2. Chow, based in Hong Kong, will oversee the...
Jul 16, 2024


Hong Kong’s private banking sector sees surge in HNWI inflows
Hong Kong’s private banking sector is seeing a resurgence of optimism, driven by a significant inflow of high net worth individuals...
Jul 16, 2024


Taiwan to lead global surge in millionaires by 2028, UBS reports
According to a recent UBS report, Taiwan is projected to see a 47% increase in millionaires by 2028, the highest growth rate globally,...
Jul 15, 2024


Cooperation urged between Singapore and Hong Kong in family offices
Experts from The Hong Kong University of Science and Technology highlight that viewing Singapore and Hong Kong as rivals in attracting...
Jul 15, 2024


80% of HK families manage overseas funds, survey shows
A survey by Hang Seng Bank reveals that 80% of Hong Kong families manage funds overseas. The study, which interviewed nearly 400...
Jul 5, 2024


Singapore revokes tax benefits for family offices in USD3bn scandal
Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, who also chairs the Monetary Authority of Singapore...
Jul 4, 2024


Hong Kong to host wealth legacy summit for family offices in September
The Hong Kong Academy for Wealth Legacy is set to host a three-day summit from September 12 to 14, aiming to bolster Hong Kong’s role as...
Jul 3, 2024


Barclays says Asia family offices can fill climate tech funding gap
Barclays Plc suggests that family offices in Asia can capitalise on a funding gap for climate technologies. While venture capitalists...
Jun 20, 2024


Singapore tightens oversight on family offices, hedge funds
Singapore is tightening regulations on family offices and hedge funds following recent scandals. Authorities demand more information and...
Jun 17, 2024


Hong Kong sees surge in financial managers, family offices
Despite concerns over potential capital flight following the enactment of the national security law in 2020, Hong Kong’s financial sector...
Jun 12, 2024


HSBC to open three wealth centres in Singapore by 2025
London-based HSBC is expanding its presence in Singapore with plans to open three wealth centres by early 2025, aimed at enhancing client...
Jun 7, 2024


Hong Kong’s wealthy to invest over half their cash holdings
A report by The Hongkong and Shanghai Banking Corporation reveals that Hong Kong’s affluent investors plan to allocate over half of their...
Jun 7, 2024


Hong Kong seeks to expand wealth links with mainland China
Hong Kong’s central bank chief and top executives from UBS Group AG and HSBC Holdings Plc have advocated for expanding the Wealth...
Jun 7, 2024


Indonesia seeks USD100-200m investment from family offices
Indonesia is targeting an investment influx of USD100m-200m from family offices, as announced by Luhut Binsar Pandjaitan, the...
Jun 6, 2024


Hong Kong targets Middle East, Indonesia to boost family office hub status
Hong Kong is targeting the Middle East and Indonesia to attract family offices, aiming to enhance its status as a global hub for such...
May 29, 2024


Raffles Family Office names new Singapore CEO
Raffles Family Office has appointed Kendrick Lee as its new CEO for Singapore. Lee, a co-founder and managing partner at the multi-family...
May 28, 2024


Asian Family Legacy Foundation chooses Hong Kong hub
The Asian Family Legacy Foundation, with 120 family office members, will use Hong Kong as a hub for philanthropy, education, and cultural...
May 24, 2024

