Deloitte has signed around 50 engagement letters since May 2023 to assist family offices from mainland China and Southeast Asia in establishing operations in Hong Kong, the firm said in its latest report. The report also noted that 84% of family offices in the Asia Pacific expect an increase in wealth this year. Additionally, Asia Pacific-based family offices are more likely to expand their initiatives and expertise, with 48% planning to increase their reliance on outsourcing services, compared to the global average of 34%. The findings were part of a survey conducted by Deloitte Private and Raffles Family Office, which surveyed 354 single-family offices globally, including 89 from the Asia Pacific, between September and December 2023.
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