

Asia Family Office Succession Risks Rise as Wealth Turns Cross-Border
Asia family office succession risks are rising as wealthy families become more mobile, with heirs studying, working and inheriting assets across multiple jurisdictions. Data from Hurun Report show 23% of Chinese high-net-worth families already have children studying abroad at high school level, while 46% have children overseas for higher education, with 74% planning to do so. Henley Wealth Report estimates 142,000 millionaires relocated globally in 2025, rising to 165,000 in
11 hours ago


Family Offices March Dealmaking Slows as Iran Conflict Rattles Markets
Family offices March dealmaking slowed as ultra-wealthy investors pulled back on direct transactions during a month marked by market volatility linked to the Iran conflict, according to Fintrx data. Family offices made 39 direct investments in companies during March, down 25% from February after adjusting for the difference in month length. Even so, deal sizes increased, with a quarter of those transactions qualifying as mega-rounds of more than USD100m. Bezos Expeditions co-
1 day ago


Fidelity’s group of 2,000 family offices names new chief
A family office group owned by the parent of Fidelity Investments appointed Kimberly Sheehy to oversee its Communities Center of...
Dec 20, 2024


Raffles Family Office names Abdullatif Kanoo as board advisor
Raffles Family Office (RFO) has appointed Abdullatif Mohamed Kanoo as Board Advisor to drive its strategic expansion into the Middle...
Dec 10, 2024


Ultra-wealthy families prioritize governance and succession
Ultra-high-net-worth families are adopting sophisticated strategies to navigate global uncertainties and secure long-term success,...
Dec 2, 2024


Hong Kong wealth managers bullish despite global challenges
Hong Kong's private wealth management sector remains optimistic about its five-year outlook, driven by opportunities from mainland...
Nov 25, 2024


InvestHK launches European drive to attract family offices
Hong Kong's investment promotion agency, InvestHK, has launched a European tour to attract high-net-worth individuals to establish family...
Nov 20, 2024


Singapore eases family office rules to attract talent
Singapore's central bank and financial regulator, the Monetary Authority of Singapore (MAS), has relaxed requirements for single family...
Nov 12, 2024


Family offices double down on PE investments
Family offices are set to increase their private equity (PE) allocations, with 40% of respondents planning higher investments in PE over...
Nov 7, 2024


New AI policy to attract family offices to Hong Kong
Hong Kong is introducing a policy framework to promote responsible AI adoption in financial services, a move expected to attract family...
Oct 30, 2024


Wealthy European families turn to Hong Kong for family offices
Wealthy European families are increasingly turning to Hong Kong to establish family offices and invest, aiming to diversify their...
Oct 23, 2024


Family offices in Asia embrace digital assets: survey
Family offices in Asia are increasingly embracing digital assets, with 76% of private wealth in the region already invested in the space,...
Oct 18, 2024


Hong Kong poised to surpass Switzerland as top wealth hub
Hong Kong is set to overtake Switzerland as the world’s leading destination for wealth management by 2027-28, according to government...
Oct 7, 2024


Citi survey shows Asian family offices bullish on equities, AI investments
Citi Private Bank’s 2024 Family Office Survey reveals Asian family offices remain optimistic despite global uncertainties. The Asia...
Oct 1, 2024


Hong Kong now top financial hub in Asia-Pacific
Hong Kong has risen to third globally and first in the Asia-Pacific region in the Global Financial Centers Index (GFCI) 36 Report,...
Sep 26, 2024


Asia-Pacific leads in public equity allocations among family offices
Family offices worldwide are moving cash into bonds and equities, with nearly half expecting returns above 10% over the next year,...
Sep 19, 2024


Hong Kong to boost philanthropy among wealthy family offices
Hong Kong Chief Executive John Lee Ka-chiu announced plans to transform Hong Kong into a major philanthropic hub. Speaking at the Hong...
Sep 10, 2024


Deloitte: Family offices to dominate with USD9.5tr by 2030
Family offices globally are experiencing substantial growth, with total wealth projected to surge from USD5.5tr to USD9.5tr by 2030, a...
Sep 6, 2024


China’s top billionaires lose USD16bn in stock rout
Record stock selloffs in China’s leading consumer companies wiped over USD16bn from the fortunes of the nation’s richest individuals,...
Aug 29, 2024


Family offices drive private asset surge in SE Asia: Preqin
Southeast Asia-based limited partners (LPs), led by family offices, are increasingly allocating funds to private assets, according to a...
Aug 22, 2024

