The region’s population of millionaires continues to rise, driving the growth of family offices.
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The region’s population of millionaires continues to rise, driving the growth of family offices.
Family offices in the region and globally also intend to raise their allocation to Apac assets over the next five years.
Hong Kong’s chief executive and treasury secretary stress Hong Kong’s ‘connectivity’.
The firm will also rebrand its Wrise wealth management services for UHNWIs to Wrise Private in Singapore, Hong Kong and Dubai.
Chia’s appointment comes as Hong Kong continues to boost its credentials as a family office hub.
Family offices in Asia are increasing cash allocations amid portfolio declines, Citigroup says.
Wealth management sectors in key markets across region are set to bloom over the medium to long term.
The Monetary Authority of Singapore continues to offer incentives and a streamlined regime to encourage more single family offices to set up local operations.
The alternatives data provider’s report shows a dispersion in planned allocations to alternatives depending on the asset class.
Hong Kong may be about to turn the tide in its battle with Singapore to attract more family offices.
Part of the Mark Allen Group.