Asia Family Office Demand Rises as Raffles Family Office Bets on Wealth Boom

Asia family office demand is accelerating as growing private wealth and rising intergenerational transfers push affluent families towards more structured approaches to succession and governance, Raffles Family Office said.

Chief executive Kendrick Lee said the firm recognised the shift early and built a presence across Singapore and Hong Kong to capture cross-border investment opportunities and diversify regulatory exposure.

He said family offices increasingly complement private banks by offering broader access to deal flow, wealth planning and alternative assets, including digital assets, which he described as a structural allocation theme for next-generation clients.

Asia family office demand has also been supported by Singapore’s tax incentives and regulatory clarity, reinforcing the city-state’s role as a regional hub for family office growth.