Asian family offices explored investment opportunities in Britain during the recent Coutts Family Office Forum in Singapore as the UK intensified efforts to attract capital from wealthy investors across Asia-Pacific. The Asian family offices UK discussions focused on cross-border investment opportunities, wealth management expertise and partnerships between Britain and Asia’s expanding private wealth sector. Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific, said

HSBC is targeting growth in its Hong Kong customer base to 7.5 million, roughly matching the city’s population, as the bank accelerates expansion of its wealth management operations and seeks to attract more international investors. The HSBC Hong Kong wealth strategy follows the addition of nearly two million customers during the past two years, bringing total customers to seven million at the end of 2025. Hong Kong chief executive Maggie Ng said the city’s role as a wealth m

Hong Kong banks are opening more luxury wealth centres in premium commercial locations as competition intensifies for high-net-worth and family office clients amid lower interest rates and rising demand for fee-based advisory income. The Hong Kong luxury wealth centres expansion reflects a wider shift away from traditional branch banking towards exclusive advisory venues tailored for affluent customers. HSBC recently opened its fifth Hong Kong luxury wealth centres location a

Singapore-based financial advisory firm PFPFA has opened a new Singapore wealth advisory centre at Ngee Ann City as it expands services focused on wealth preservation, succession planning and legacy advisory for affluent families and high-net-worth individuals. The Singapore wealth advisory centre, branded as the PFP Signature Centre, is located in Orchard Road and will provide private consultations covering investment advisory, estate planning, insurance structuring and inte

Family-owned businesses frequently underperform for years after leadership changes, according to new McKinsey research covering more than 200 companies across 50 countries. The family business succession study found average shareholder returns fell by 5.7 percentage points during the five years following a CEO transition. McKinsey said the decline occurred regardless of whether the successor was a family member or an external executive, suggesting that family business success

Hong Kong’s role as an international financial and regional business hub will continue strengthening despite geopolitical tensions, according to Hong Kong Trade Development Council chairman Frederick Ma. The Hong Kong financial hub outlook remains supported by the city’s free flow of information and its mature banking, capital markets, accounting and legal ecosystem, Ma said during a public event. He added that foreign companies still largely prefer Hong Kong as a location fo

China private equity activity is recovering, although investors remain increasingly selective and focused on exit opportunities, industry executives said during DealStreetAsia’s Asia Private Equity Leadership Summit in Hong Kong. The China private equity recovery follows a prolonged market reset triggered by the US-China trade war, the pandemic and domestic policy changes. Gary Chan of Sun Hung Kai & Co said fundraising activity had improved during the past 12 to 18 months, a

DBS Group Research said global financial centres in the artificial intelligence era will increasingly be judged by whether AI-driven financial decisions can be trusted across borders rather than simply by technology capability or capital-market size. The Singapore AI finance hub assessment came in a DBS report titled The Trusted AI Financial Hub, which introduced a Global AI Financial Hub Index covering 15 financial centres across AI integration, governance, digital infrastru

Bain Capital has closed its sixth Asia-focused private equity fund at USD10.5bn, exceeding its original USD7bn target, highlighting continuing institutional appetite for large-scale Asia private equity strategies. Bain Capital Asia Fund VI received approximately USD9.1bn from external investors, with the balance committed by the firm’s partners, employees and related entities. The Bain Capital Asia Fund VI vehicle will invest across sectors including technology, industrials,

Singapore’s reputation as a safe haven is attracting more philanthropists, family offices and high-net-worth individuals seeking to establish foundations and charitable structures amid rising geopolitical uncertainty, according to executives from Pictet Wealth Management. The Singapore family office philanthropy trend reflects growing demand for politically stable and internationally connected jurisdictions capable of supporting long-term wealth preservation and cross-border

OCBC plans to increase its relationship managers in Hong Kong by more than 30% this year as Singapore’s second-largest bank accelerates expansion of its wealth management operations in the city. The OCBC Hong Kong wealth strategy will see the lender add between 30 and 50 relationship managers during 2026 alongside branch modernisation initiatives. The bank said Hong Kong remains a core growth market under its broader next-frontier strategy focused on wealth management and aff

Malaysia’s Maybank Asset Management has launched a private credit feeder fund with LGT Capital Partners, giving sophisticated and high-net-worth investors in Malaysia access to a diversified global private credit strategy. The Malaysia private credit fund will invest into LGT Global Private Credit SA, SICAV-RAIF and be distributed through Maybank Private Banking and Maybank Wealth Management. Maybank Asset Management said it is the exclusive third-party entity offering the LG

US-based fintech Fasset has raised USD51m in a Series B funding round to accelerate expansion of its stablecoin-powered banking and financial infrastructure platform across Asia and other emerging markets. The stablecoin banking Asia funding round included investors such as SBI Group, Investcorp, Arz Portföy and several family offices, reflecting growing institutional interest in regulated digital payments infrastructure. Fasset said it plans to expand regulated banking infra

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