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The Future of Asian Family Offices

The Future of Asian Family Offices

Asia has been an engine of wealth creation over the last few decades and the number of family offices in the region looks set to grow as that wealth matures. Between 2010 and 2020, the wealth held by high-net-worth individuals (HNWIs) in Asia will grow by 160% to reach a collective $14.5 trillion, according to Julius Baer. Last year, Asia added a new billionaire every second day, 117 in total, and 75% were either Indian or Chinese.

Singapore’s Global Investor Program Attracts Wealthy Migrants

Singapore’s Global Investor Program Attracts Wealthy Migrants

Dominic Volek Managing Partner at Henley & Partners Singapore Singapore is one of the most preferred destinations for millionaires and multi-millionaire migrants from China, India and Indonesia, according to New World Wealth’s Global...

Vietnam’s Startup Scene Sees Rapid Growth

Vietnam’s Startup Scene Sees Rapid Growth

A combination of economic growth, young demographics, mobile internet penetration and foreign-educated talent is helping Vietnam’s technology startup scene flourish. The country is home to 3,000 startups, usually located in Ho Chi Minh City, according to ...

Asian Wealth Continues to Power Global Real Estate

Asian Wealth Continues to Power Global Real Estate

Asian investors dominated global real estate last year and are very likely to do so this year as well, according to a report by Cushman & Wakefield. The Global Investment Atlas 2018 study found that property investments reached an all-time high of $1.62 t...

Asia’s Wealthy Families Keep Wealth Close to Home

Asia’s Wealthy Families Keep Wealth Close to Home

Asia’s wealthiest families seem to be keeping their wealth closer to home. As capital becomes more mobile and Asia’s wealth expands to historic levels, offshore jurisdictions in the region have cornered the market for wealth management, efficient tax...

A Look at Family Offices in LatAm: Q&A With Martin Litwak

A Look at Family Offices in LatAm: Q&A With Martin Litwak

The number of Latin American family offices has grown in recent years. Martin Litwak, CEO of boutique law firm Litwak & Partners, has experienced this growth first hand. In 2017, he created Latin America’s first multi-family office that focuses exclusively on legal, trust and tax matters. In the following Q&A he explains the trends impacting family offices in the region and the unique challenges they face.

Impact Investing Gaining Traction in Asia

Impact Investing Gaining Traction in Asia

Impact investing is gaining traction among the wealthy in Asia. Impact investments in the region have grown by a compounded annual rate of 28% in the last five years and now make up 14.4% of the global total, according to the Global Impact Investments Network (GIIN).

Trends Driving Mumbai’s Rapid Wealth Creation

Trends Driving Mumbai’s Rapid Wealth Creation

Mumbai is the fastest growing city in terms of wealth creation. Last year, the city’s total wealth surpassed that of Toronto, Frankfurt and Paris, according to a report by Knight Frank. Home to 28 billionaires and $950 billion in total wealth, Mumbai is currently the 12th wealthiest city in the world.

Indian Angel Investors Get Tax Relief

Indian Angel Investors Get Tax Relief

India’s Income Tax Department has abolished the so-called “angel tax” for investors in startups who meet certain conditions. The tax has been hotly debated by startups since it impeded getting much needed capital at the seed stage. As per a notification issued on May 24, Indian angel ...

Multi-Family Offices Grow Popular in China

The Chinese economic landscape has been growing by leaps and bounds at a swift pace. With this growth of wealth comes the demand for preservation and progression. The country with the highest population is also home to a large number of millionaires, centred in Hong Kong, which consequently houses a high volume of family offices. As of last year, according to Asia Asset Management and the Credit Suisse Report, ‘China has by far the fastest-growing group of ultra-high-net-worth individuals – defined as those ...

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