A successful Malaysia family office hub will depend on far more than generous tax incentives, with economists arguing that regulatory quality, infrastructure and investor confidence will ultimately determine whether Forest City can emerge as a regional wealth management centre. The initiative offers qualifying single family offices tax concessions for up to 20 years and positions Forest City, within the Johor-Singapore Special Economic Zone, as a lower-cost alternative to Sin

The outlook for Hong Kong wealth management remains positive as the Financial Services Development Council (FSDC) expects compliant mainland Chinese capital inflows and increasing listing activity from emerging markets to reinforce the city's position as a leading international financial centre. Board member Amy Lo said tighter controls on illicit capital outflows from mainland China could encourage more investment to flow through legitimate Hong Kong channels. The FSDC is al

Deutsche Bank Southeast Asia has strengthened its private banking leadership by appointing veteran wealth manager Jennifer Tay as vice chairman for Southeast Asia, reinforcing the bank's regional expansion strategy amid rising demand for wealth management services. Tay will join on 3 August and report to Johanes Oeni, head of Southeast Asia for Deutsche Bank's Private Bank. She arrives from Citibank, where she spent more than 20 years, most recently serving as market executiv

Singapore wealth management firms are expanding recruitment beyond private bankers as rapid industry growth fuels demand for technology, investment, compliance and risk professionals. Recruiters said experienced relationship managers serving Greater China and Southeast Asia remain in short supply, prompting banks to broaden overseas hiring while investing in stronger operational capabilities. Russell Reynolds Associates reported that technology-related executive searches supp

Lighthouse Canton wealth management is accelerating its regional expansion after appointing Angela Saik as managing director of wealth management to support the firm's ambition of doubling assets under management to USD10bn by 2027. The appointment strengthens the Singapore-based independent wealth manager's presence across Southeast Asia. Saik brings more than two decades of experience advising wealthy Asian families and previously held senior positions at Royal Bank of Cana

Schroders Wealth Management Asia has appointed former Coutts Chief Executive Peter Flavel as chair and independent non-executive director of Schroder & Co (Asia) Ltd, subject to regulatory approval, as the firm accelerates its expansion across one of its fastest-growing wealth markets. Flavel brings more than 30 years of experience in private banking and wealth management and will work closely with recently appointed Schroders Wealth Management Asia Chief Executive Evonne Tan

Hong Kong's position as a leading Hong Kong wealth centre has strengthened after the city overtook Switzerland to become the world's largest offshore asset management hub, supported by rising mainland Chinese capital and rapid expansion in family offices. According to Boston Consulting Group data cited by Nikkei, offshore assets under management reached USD2.95tr in 2025, an increase of 11% from a year earlier. Mainland Chinese investors accounted for 59% of total assets unde

Singapore expat wealth continues to grow despite higher living costs and currency volatility, with most expatriates saying overseas employment has accelerated both their financial independence and retirement plans. According to a survey by St James's Place Asia, 93% of respondents believed relocating abroad had brought financial freedom closer, while 83% said it had helped them retire sooner than expected. The study found that 96% earned more than they would in their home cou

Asia wealth transfer is becoming a strategic priority for private banks as an estimated USD5.8tr in family wealth is expected to pass to the next generation across the region. Morgan Stanley is responding by expanding efforts to engage future wealth owners through a week-long programme in Hong Kong developed with the University of Hong Kong. The initiative combines education and networking to build long-term relationships with younger family members before they inherit signif

Family office technology is becoming a defining factor in the next stage of Hong Kong's wealth management development as increasingly sophisticated portfolios require stronger operational infrastructure alongside investment expertise. A commentary published on Wednesday said technology and operating capability, rather than capital alone, will determine how effectively family offices manage growing cross-border complexity. The report said family offices are increasingly adopti

Atlas Capital family office services have expanded following the appointment of former DBS Bank (Hong Kong) institutional banking head and alternate chief executive Alex Cheung as strategic adviser. The move supports the firm's evolution from a single-family office into an investment-led wealth management platform serving ultra-high-net-worth individuals and family offices across Asia. Hong Kong-based Atlas Capital Asset Management said it has broadened its multi-family offic

Yuan investment continues to gain acceptance among institutional investors, with 87% of portfolios now including yuan-denominated assets, according to an HSBC survey covering more than 120 Asia-Pacific investors. The findings highlight growing confidence in China's financial markets and the expanding role of the yuan in global portfolio diversification. The survey found that 63% of respondents primarily accessed offshore yuan markets, while 54% invested through Connect progra

Singapore wealthy individuals continue to face the world's highest cost of living, with the city retaining its position as the most expensive location globally for high-net-worth individuals for a fourth consecutive year, according to Julius Baer's latest Global Wealth and Lifestyle Report. The Swiss private bank ranked Singapore ahead of Zurich and Monaco, while Hong Kong placed fourth, Shanghai sixth, Sydney eighth and Bangkok tenth. Asia-Pacific cities accounted for five o

The Hong Kong wealth hub is reinforcing its position as one of the world's leading centres for offshore wealth management, supported by rapid growth in family offices, recovering capital markets and stronger cross-border investment flows. According to Boston Consulting Group, Hong Kong managed USD2.95tr in offshore assets at the end of 2025, overtaking Switzerland to become the world's largest offshore wealth centre. Government figures showed the number of family offices incr

Hong Kong family office services are continuing to expand as law firm Oldham, Li & Nie (OLN) launches a dedicated practice to support the growing needs of international families using the city as a base for wealth planning and succession. The new multidisciplinary offering reflects rising demand for integrated legal, tax and governance advice as Hong Kong strengthens its position as a regional wealth management hub. OLN said the practice will advise clients on family office e

Singapore family offices are attracting growing inflows of wealth from Taiwan as high-net-worth families diversify assets in response to rising geopolitical tensions across the Taiwan Strait, according to advisers and wealthy investors interviewed by Bloomberg News. The trend reflects increasing demand for politically stable jurisdictions offering sophisticated wealth management, succession planning and cross-border investment capabilities. An E.Sun Bank and KPMG Taiwan repor

HP Wealth Management has strengthened its Singapore family office business by appointing veteran private bankers Michael Sutter and Alex Grindley as senior relationship managers. Both executives join the independent wealth manager and multi-family office from UBS Singapore, bringing extensive experience advising affluent individuals and family office clients across Asia. Sutter spent more than 25 years at UBS and said HP Wealth Management's fee-based, bank-agnostic model offe

Hong Kong wealth remains among the world's highest after the city ranked fourth globally for wealth per adult in the latest UBS Global Wealth Report, highlighting its continued strength as an international financial and wealth management centre. The report underscores Hong Kong's importance for private banks, family offices and investment managers serving affluent clients across Asia. UBS reported average wealth per adult in Hong Kong of USD648,267, placing the city behind on

China family wealth has reached RMB145tr (USD20.2tr), with Beijing, Shanghai and Hong Kong remaining the country's leading centres for affluent households, according to a report by Bank of East Asia and the Hurun Research Institute. The findings underline the concentration of wealth in China's major financial hubs and reinforce the importance of the Greater Bay Area as a key market for private banks, family offices and wealth managers. Hong Kong recorded around 521,000 afflue

Family offices are increasingly adopting formal wealth-purpose frameworks as they prepare for one of the largest intergenerational wealth transfers in history, according to preliminary findings from the 2026 AlTi Tiedemann Global and Campden Wealth Family Office Operational Excellence Report. The family office wealth purpose trend reflects a growing focus on governance, succession and preserving family values alongside financial capital. The survey of 126 family office princi