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Jul 16, 2024
Hong Kong’s private banking sector sees surge in HNWI inflows
Hong Kong’s private banking sector is seeing a resurgence of optimism, driven by a significant inflow of high net worth individuals...
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Jul 15, 2024
Taiwan to lead global surge in millionaires by 2028, UBS reports
According to a recent UBS report, Taiwan is projected to see a 47% increase in millionaires by 2028, the highest growth rate globally,...
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Jul 15, 2024
Cooperation urged between Singapore and Hong Kong in family offices
Experts from The Hong Kong University of Science and Technology highlight that viewing Singapore and Hong Kong as rivals in attracting...
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Jul 5, 2024
80% of HK families manage overseas funds, survey shows
A survey by Hang Seng Bank reveals that 80% of Hong Kong families manage funds overseas. The study, which interviewed nearly 400...
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Jul 4, 2024
Singapore revokes tax benefits for family offices in USD3bn scandal
Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, who also chairs the Monetary Authority of Singapore...
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Jul 3, 2024
Hong Kong to host wealth legacy summit for family offices in September
The Hong Kong Academy for Wealth Legacy is set to host a three-day summit from September 12 to 14, aiming to bolster Hong Kong’s role as...
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Jun 20, 2024
Barclays says Asia family offices can fill climate tech funding gap
Barclays Plc suggests that family offices in Asia can capitalise on a funding gap for climate technologies. While venture capitalists...
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Jun 17, 2024
Singapore tightens oversight on family offices, hedge funds
Singapore is tightening regulations on family offices and hedge funds following recent scandals. Authorities demand more information and...
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Jun 12, 2024
Hong Kong sees surge in financial managers, family offices
Despite concerns over potential capital flight following the enactment of the national security law in 2020, Hong Kong’s financial sector...
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Jun 7, 2024
HSBC to open three wealth centres in Singapore by 2025
London-based HSBC is expanding its presence in Singapore with plans to open three wealth centres by early 2025, aimed at enhancing client...
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Jun 7, 2024
Hong Kong’s wealthy to invest over half their cash holdings
A report by The Hongkong and Shanghai Banking Corporation reveals that Hong Kong’s affluent investors plan to allocate over half of their...
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Jun 7, 2024
Hong Kong seeks to expand wealth links with mainland China
Hong Kong’s central bank chief and top executives from UBS Group AG and HSBC Holdings Plc have advocated for expanding the Wealth...
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Jun 6, 2024
Indonesia seeks USD100-200m investment from family offices
Indonesia is targeting an investment influx of USD100m-200m from family offices, as announced by Luhut Binsar Pandjaitan, the...
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May 29, 2024
Hong Kong targets Middle East, Indonesia to boost family office hub status
Hong Kong is targeting the Middle East and Indonesia to attract family offices, aiming to enhance its status as a global hub for such...
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May 28, 2024
Raffles Family Office names new Singapore CEO
Raffles Family Office has appointed Kendrick Lee as its new CEO for Singapore. Lee, a co-founder and managing partner at the multi-family...
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May 24, 2024
Asian Family Legacy Foundation chooses Hong Kong hub
The Asian Family Legacy Foundation, with 120 family office members, will use Hong Kong as a hub for philanthropy, education, and cultural...
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May 23, 2024
Global family offices eye increased APAC investments
Over a third of single-family offices plan to increase investments in Asia-Pacific (Apac) excluding Greater China in the next five years,...
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May 10, 2024
Prudential shuts down HK wealth business
Prudential has discontinued its Hong Kong wealth management business, Pulse Wealth, as part of an effort to streamline operations, the...
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May 10, 2024
Seoul’s billionaire count exceeds Tokyo’s in latest wealth report
Seoul ranks 19th globally, with over 80,000 millionaires, according to the 2024 World’s Wealthiest Cities report by Henry & Partners and...
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May 2, 2024
AIA launches wealth centre in Singapore for affluent clients
Hong Kong-based AIA has opened a new Wealth Center in Singapore, targeting affluent and high-net-worth individuals and families. Located...