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McKinsey report highlights investment opportunities in APAC family offices



Banks and insurers in Singapore and Hong Kong are poised to capitalise on the burgeoning family office sector, which manages approximately USD1.3tr in offshore assets. According to a McKinsey & Co. report, these financial hubs could see significant benefits from global investors seeking safe havens for diversification. The report highlights the potential for banks to assist with investment opportunities and cost management for family offices, which could see expenses ranging from 1% to 3% for assets over USD100m. McKinsey partners Bernhard Kotanko and Joydeep Sengupta emphasised the opportunity for tailored financial services to address the sector’s challenges, including weak governance and high operational costs.

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