Azimut Investment Management’s Korea wealth head Kim Hyeong-guk said many Korea family offices are in practice expanded private-banking services rather than full institutional structures, arguing the country needs tax relief and a deeper investment ecosystem to build models comparable with Singapore. He said securities firms began using the family-office label after the pandemic, but few clients have set up entities with dedicated governance and operating functions. Kim point

Hong Kong’s asset and wealth management industry expanded by 13% in 2024, reaching HKD35.1tr (USD5.7tr), according to the Securities and...