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

Raffles Family Office CEO Kwan Chi-man said that multi-family offices can leverage their scale to become influential market players and create lasting global impact. Speaking at the firm’s annual forum in Hong Kong, he noted that these organisations can expand assets under management, nurture local talent, and strengthen Hong Kong’s reputation as a top wealth management hub. Raffles Family Office also plans to broaden its Middle East presence and will host its first family of