Family Offices Turn to Asia for Stability as Volatility Drives Cross-Border Wealth Shifts

Family offices are increasingly turning to Asia as market volatility and geopolitical tension drive demand for stability.

DBS said rising interest in family offices Asia reflects a shift by European and US clients seeking diversification and wealth management services.

Private banking head Joseph Poon noted some clients are acquiring stakes in Asian businesses while others consider setting up secondary structures in the region.

The growing appeal of family offices Asia is reinforced by Singapore’s safe-haven status, with DBS and peers attracting USD77bn in net new wealth last year as investors seek absolute stability amid rising energy costs and interconnected capital flows.