Wednesday 25 November 2020
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scmp - 4 days ago

For Asia’s super-rich, Singapore family offices keep the wealth churning – but Hong Kong wants a piece of the pie too

Singapore is popularly known as an Asian financial hub where companies set up regional headquarters and rich individuals park their wealth. In recent years, it has also been attracting another sort of investment through a vehicle that is just gaining popularity in the region: corporate entities called family offices that moneyed families use to structure the way they invest and preserve their riches.From 2017 to 2019, the number of family offices in Singapore grew by five times as the region…


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