Hong Kong family office sector growth is expected to remain robust at 10% to 15% a year, reflecting a deepening wealth-management ecosystem, executives said at a recent industry summit. Speaking at the Insight Experts 2026 Investment Summit in Hong Kong, Yuan Miaoling, director of personal and business banking at China CITIC Bank International, said rising wealth in Asia and globally is underpinning demand, with family offices increasingly used to separate family assets from

Founder-led family offices AI adoption is accelerating as smaller teams seek to automate operations without expanding headcount, Amin Naj, founder of Circle Family Office, said. Founder-led family offices AI adoption is accelerating as smaller teams seek to automate operations without expanding headcount, Amin Naj, founder of Circle Family Office, said. Naj said his team reviewed major AI models over six months to assess how founder-led family offices can reduce administrativ

Hong Kong Asian Financial Forum concluded after drawing more than 4,000 global leaders from over 60 countries and regions, reinforcing the city’s role as an international financial hub. The two-day Asian Financial Forum, co-hosted by the HKSAR government and the Hong Kong Trade Development Council, featured more than 150 speakers and launched an inaugural Global Business Summit. Former European Commission president Jose Manuel Barroso warned of instability from technological

The Asian Financial Forum opened in Hong Kong as global policymakers and finance executives gathered to discuss the global outlook and reinforce the city’s position as an international financial centre and a bridge between mainland China and global markets. The 19th Asian Financial Forum, co-organised by the Hong Kong government and the Hong Kong Trade Development Council, is being held under the theme “Co-creating New Horizons amid an Evolving Landscape” with the tagline “Fi

Hong Kong Asia Financial Forum took centre stage as Chief Executive John Lee opened the two-day event by urging confidence despite heightened geopolitical tensions, positioning the city as a resilient international finance hub. Speaking at the Asia Financial Forum, Lee said “one country, two systems” underpins Hong Kong’s rule of law, free flow of capital and low-tax regime. He pointed to rising business activity, including a record 11,070 foreign- and Mainland-affiliated com

Raffles Family Office has appointed former BNP Paribas banker Pradinan Arkarachinores as managing director for relationship management, strengthening its advisory capabilities for ultra-high-net-worth clients. The Singapore-based multi-family office said Arkarachinores will lead a team overseeing portfolios for Asian UHNW families, with a focus on relationship management, strategic advisory and the delivery of tailored wealth solutions. She will report to Kendrick Lee, the gr

Wisdom Group multi-family office has appointed banking and external asset management veteran Arthur Fong as managing director and senior adviser, strengthening leadership for its UHNW client base. Wisdom Group Holdings, a Hong Kong-based platform with about USD7bn in assets and a presence in Hong Kong and Singapore, describes itself as an independent asset management and multi-family office business serving ultra-high-net-worth families and their advisers. Fong said he joined

APAC CEOs wealth and asset management expansion is gaining momentum as chief executives increasingly look beyond their core businesses, PwC said, citing its 29th Global CEO Survey. PwC found that 37% of Asia-Pacific CEOs plan to expand outside their traditional industries over the next three years, targeting adjacent and fast-moving sectors such as asset and wealth management, technology, health services, transportation and logistics, retail and industrial manufacturing. Amon

Family offices are being urged to scrutinise evergreen fund terms as managers expand access to private markets through perpetual-life vehicles, according to a senior executive at a London-based family office. Evergreen funds, which allow subscriptions at net asset value and periodic redemptions, have grown rapidly as family offices seek income and flexibility without long lock-ups. Assets in evergreen funds have more than doubled to USD500bn since 2022, according to PitchBook

A Hong Kong billionaire has sharply increased his gold allocation, highlighting a shift in family office portfolio construction amid rising geopolitical risks. Value investing veteran Cheah Cheng Hye has lifted gold exposure to about a quarter of assets at his USD1.4bn family office, up from roughly 15% a year ago, according to people familiar with the matter. Cheah said he mainly buys and holds physical gold and highly liquid vehicles, avoids derivatives and borrowing, and f

Asian UHNWIs cross-border mobility is accelerating, and family offices are emerging as the primary structuring response as ultra-wealthy families adapt to increasingly mobile wealth, according to a commentary by Ocorian. Wealth growth in Greater China has outpaced Southeast Asia, with the UBS Global Wealth Report 2025 showing China’s millionaire population rising by more than 380 people a day in 2024. Ocorian said younger Chinese entrepreneurs are driving outward mobility foc

Multi-family office Farro Capital has strengthened its sustainable investing capabilities with the appointment of a new impact and sustainable finance head, as family offices increase allocations to responsible strategies. Singapore-based Farro Capital said it has hired Priyaka Dhingra as head of impact and sustainable finance to mobilise capital from family offices into projects spanning climate change mitigation and adaptation, new technology deployment and social developme

The Family Office will convene Saudi royals and global investors at its annual Red Sea investing summit, highlighting the growing role of the region in global family office portfolios. The Gulf-based wealth manager said its Investing Is a Sea summit will be held from Jan 29 to 31 on Shura Island on Saudi Arabia’s Red Sea coast, under the framework of the kingdom’s Vision 2030 programme. Discussions at the Red Sea investing summit will cover global macro conditions, portfolio

KKR has raised USD2.5bn for an Asia-Pacific performing private credit strategy as investors, including family offices and institutions, seek yield outside public markets. The capital includes USD1.8bn for KKR Asia Credit Opportunities Fund II and USD700m from separately managed accounts targeting similar opportunities, the firm said. KKR described ACOF II as the region’s largest pan-regional performing private credit fund, following its first Asia-dedicated vehicle that close

US family office Avestar Capital has opened a Singapore hub, positioning the city-state as its Asia-Pacific base as it expands beyond the United States. The new entity, Avestar Singapore Pte. Ltd., will be led by Zal Devitre, a wealth management executive with more than two decades of international experience, the firm said. Founder and chief executive Xerxes Mullan said Asian ultra-high-net-worth families increasingly require cross-border advice that integrates investment ma

UBS hosted the UBS Asia Wealth Forum in Singapore, bringing together more than 2,000 clients, investors and industry leaders, underscoring the growing importance of Asia in global wealth and family office strategies. The UBS Asia Wealth Forum, which concluded on Jan 12, featured speakers including former Canadian prime minister Justin Trudeau, Pershing Square Capital Management founder Bill Ackman, Oaktree Capital co-CEO Armen Panossian and Gavekal CEO Louis-Vincent Gave, the

Rising costs and family disputes are driving an increase in family office closures, advisers say, even as the sector continues to expand in the United States. There were nearly 3,200 single-family offices in 2024 managing USD1.3tr, according to Deloitte estimates, but for some families the overheads are increasingly outweighing the benefits, particularly those with USD250m to USD750m in assets. Advisers point to intense competition for experienced staff pushing up compensatio

Asian household cash holdings remain unusually high, with households often keeping 50% to 55% of net worth in cash and deposits, far above the roughly 15% typical in the United States and Western Europe, business magazine CEO World reported. The conservative approach reflects memories of past crises, uneven social safety nets and limited access to trusted investment products. However, this stance is beginning to ease as incomes rise, capital markets deepen and digital investm

Family office expansion in Asia and the Middle East is accelerating as rising private wealth pushes families to diversify and professionalise investment, governance and operating models, recruiters say. Singapore and Hong Kong are competing aggressively for family office mandates, with Singapore’s single-family offices climbing to about 2,000 by end-2024, according to government data cited by Reuters. In the Gulf, Dubai and Abu Dhabi are attracting established regional famili

Family offices boosted exposure to Singapore assets in 2025 as a weaker US dollar drove currency diversification, Bank of Singapore said. Allocations to Singapore assets through discretionary portfolio management mandates doubled year on year, accelerating from the usual single-digit growth pace. Assets under management in Singapore-focused mandates also expanded faster than the bank’s overall discretionary business, which grew nearly 20% in 2025. The mandates typically inves