Asia Family Offices Shift to Multi-Hub Model as Alternatives Boom

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 functional diversification across Singapore, Hong Kong and the United Arab Emirates.

Advisers said Singapore remains a key governance anchor because trust structures, regulatory clarity and fiduciary oversight are costly and risky to shift, especially as younger heirs drive more global and illiquid strategies across Asia family offices.