Asia’s Young Heirs Take the Wheel as USD5.8tr Wealth Shift Looms

Asia next-generation wealth transfer is reshaping how advisers work with families, as an intergenerational shift of up to USD5.8tr by 2030 changes decision-making, Maybank’s head of group wealth management Alice Tan said.

The Asia next-generation wealth transfer reflects younger heirs’ overseas education and familiarity with financial markets, with some acting as chief investment officers within family offices.

The shift is prompting advisers to move from directing portfolios to facilitating strategy discussions and product access.

Tan oversees Maybank’s privilege, premier, private and Islamic wealth segments as the Malaysian lender expands its wealth platform across Southeast Asia beyond Singapore, Malaysia and Indonesia.