Asian families with family offices in Singapore are increasingly adding bases in Hong Kong, Dubai and Abu Dhabi as they pursue investable assets, Standard Chartered’s Raymond Ang said, highlighting an Asian family offices multi-base strategy. Singapore will remain the bedrock for family offices in Asia, he said, but other centres play different roles, from Hong Kong’s capital markets to the Gulf as a gateway to the West. Singapore had more than 2,000 single-family offices at

Asia is now the world’s fastest-growing wealth region, but Asia family offices are increasingly shifting to a multi-hub model rather than relocating to a single centre, according to IQ-EQ research and industry advisers. Asia accounts for about 30% of the world’s single-family offices, with roughly 40% formed in the past 15 years. As portfolios tilt towards private equity, real estate, hedge funds and direct deals, oversight from one location is becoming harder, pushing functi