Family offices and independent advisers are increasingly adopting multi-hub wealth strategies as ultra-high-net-worth families seek greater resilience across booking centres, custodians, currencies and jurisdictions, industry executives said at the Hubbis Independent Wealth Management Forum in Hong Kong. The multi-hub wealth strategies trend reflects growing demand among wealthy families for diversified operational structures capable of managing geopolitical, tax, mobility an

Bhutan and Singapore have signed a double tax avoidance agreement aimed at strengthening investment, trade and economic cooperation while supporting Bhutan’s ambitions to develop Gelephu Mindfulness City into a regional business and family office hub. The Bhutan Singapore tax pact was signed in Singapore by Bhutan Finance Minister Lekey Dorji and Singapore official Jeffrey Siow. The agreement is Bhutan’s third bilateral tax treaty and is expected to clarify taxing rights on c

LGT has appointed Anchalee Bunsongsikul as chief executive officer of LGT Securities (Thailand) Ltd, effective May 15, as the Liechtenstein-based private bank deepens its LGT Thailand wealth management presence in one of Southeast Asia’s fastest-growing affluent markets. Bunsongsikul brings more than three decades of experience in international banking and was most recently president and chief executive officer for Thailand and representative offices at Standard Chartered Ban

UBS expects about USD83tr in wealth to change hands globally over the next two to three decades, with Asia-Pacific families increasingly turning to professional advisers and family offices as intergenerational transfers accelerate, according to the bank’s newly launched Global Next Gen Report. The UBS next generation wealth survey of around 170 clients found more than 40% of Asia-Pacific multi-generational families are already transferring wealth or actively planning successi

Singapore is attracting more wealth from high-net-worth individuals and family offices as geopolitical tensions and Middle East instability increase demand for neutral financial hubs. The Singapore safe haven wealth trend has been reinforced by record total deposits of USD1.61tr in February, while assets under management rose 12% to SGD6.07tr (USD4.48tr) in 2024 and single-family offices exceeded 2,000 by year-end. Advisers said Singapore’s regulatory framework, currency stab

DealStreetAsia said 150 firms have been confirmed to attend its Asia Private Equity Leadership Summit in Hong Kong on May 20, underlining Hong Kong’s role in Asian private capital and family office dealmaking. The summit will bring together senior executives from limited partners, general partners, private credit and secondaries investors, family offices and other industry participants. Confirmed firms include KKR, Bain Capital, Ardian, HarbourVest, Partners Group, StepStone

Saudi Arabia’s Public Investment Fund has launched a second mainland China office in Shanghai as the sovereign wealth fund deepens ties with the world’s second-largest economy. The Saudi PIF China expansion strengthens the fund’s outbound investment capabilities and supports efforts to attract Chinese companies into Saudi Arabia. The USD1tr sovereign wealth fund’s Shanghai office, opened earlier in 2026, operates under its Beijing outpost led by Lily Cong. The move highlights

Thai lenders are accelerating their Thai wealth management expansion as sluggish loan growth and lower interest rates pressure profitability. Analysts at CGS International said wealth management is expected to become the main driver of non-interest income growth between 2026 and 2028. Thailand’s four largest banks generated between 13% and 19% of non-interest income from wealth management in 2025, significantly below Singapore’s DBS at 57.5%. Bank of Thailand data showed ther

UBS has announced a series of senior appointments within its Southeast Asia wealth management division as the Swiss bank strengthens advisory capabilities in Singapore and the wider region. The UBS Southeast Asia reshuffle includes Vivian Li moving into a senior client adviser role within global family and institutional wealth for Singapore. Shane Huang will become advisory and sales head of premium advisory specialists for Southeast Asia from May 18, while Cheng Chi Li takes

Janus Henderson Group has partnered with Hong Kong’s Sun Hung Kai & Co. to expand alternative investment offerings across Asia Pacific amid rising demand from family offices, ultra-high-net-worth investors and institutions. The family office investments partnership will involve SHKCP, SHK & Co.’s alternative solutions arm, and focus on product co-development, strategic seeding and direct investment opportunities across public and private markets globally. SHKCP also provides

Thailand private trust reforms are being proposed to attract up to THB1tr (USD27bn) in global wealth within two years. The Association of Investment Management Companies said the framework is designed to position Thailand as a regional asset management hub, drawing inspiration from Singapore’s model while adapting it locally. Private trusts are widely used by high-net-worth individuals, family offices and institutions for cross-border investment, succession planning and asset

Family office philanthropy is helping position Singapore as a leading regional hub for structured giving, as wealthy families increasingly establish foundations and formal charitable vehicles. The city had more than 2,000 family offices at end-2024, nearly ten times the number five years earlier, while registered charities rose to 2,406 from 2,321 in 2020. Industry participants said next-generation wealth holders are moving beyond ad hoc donations toward more structured appro

Family office footprint strategies are shifting as Alta Advisers, the London family office managing wealth for the UK branch of the Rausing family behind Tetra Pak, winds down its Hong Kong presence, Bloomberg reported, citing regulatory filings. The firm ceased investment operations in the city last year and is removing its Hong Kong entity from the business registry, while retaining an Asia presence through its Singapore unit, Maywood Asset Management. The move reflects a b

Malaysia family office scheme activity is gaining traction as Censuria Family Office engages AFFIN Group’s wealth management and financial advisory arm to formulate its strategy ahead of registration under the Single Family Office Incentive Scheme. Led by capital markets investor Datuk Marco Yap, Censuria invests mainly in listed equities, pre-IPO opportunities and fixed-income securities. The firm also plans to explore co-investments, strategic growth initiatives and cross-b

Taiwan family wealth reached a record NTD183.7tr (USD5.82tr) at the end of 2024, rising 7.35% from a year earlier as gains in equities and property lifted household balance sheets, government data showed. Securities holdings surged 21.76% to NTD37.28tr, supported by a 28% jump in the TAIEX and strong demand for AI-related technology stocks. Housing assets reached NTD55.03tr, representing about 30% of household net worth, while financial assets accounted for around 67%, reflec

Family office advisory demand is rising as Bank of Singapore strengthens its leadership team to support ultra-high-net-worth clients facing increasingly complex wealth planning needs. The OCBC private banking arm said its family office advisory team recorded its highest number of global client engagements in 2025, with further growth expected. The bank appointed Elvin Ho as head of family office and structuring solutions, alongside new senior roles across Singapore, Hong Kong

Middle East family offices are increasingly shifting capital toward Hong Kong and broader Asia as geopolitical tensions drive diversification away from the conflict zone. HSBC Private Bank said some affluent Middle Eastern families are using Asia as part of global portfolio diversification, with Hong Kong benefiting from its role as a gateway to mainland China. HSBC’s wealth balances in Asia rose 16.3% to USD1.05tr last year, reflecting sustained inflows. Market participants

Family office succession dynamics are shifting as younger heirs take a more active role in shaping investment strategies, according to a global study by Ocorian. The survey found that 79% of respondents reported increased next-generation involvement, while 97% said heirs’ priorities differ from founders. Key areas of divergence include private markets, digital assets, physical assets, risk appetite, geopolitics and even office location. The study covered 200 family office mem

Hong Kong family offices are seeing strong momentum, with around 160 firms preparing to establish or expand operations in the city, according to Financial Services and the Treasury Secretary Christopher Hui. He pointed to a rise in enquiries and site visits from overseas investors as evidence of sustained global interest. The growth in Hong Kong family offices is supported by the city’s strong connectivity, regulatory framework and established role as a regional wealth manage

Family office crypto strategy is evolving as Chinese billionaire Li Lin shifts part of his trading operations into Hong Kong-listed Bitfire Group to scale digital asset activities and tap institutional capital. The transaction, valued at USD1.6m, will see Bitfire acquire a trading system and investment team from Avenir Group, Li’s single-family office. The deal effectively transfers part of Avenir’s in-house trading capabilities into a regulated, publicly listed platform, pro