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Need of the Hour – Wealth Management to get Tech Savvy

Ever wondered why there is a sudden rise of family offices investing in tech start-ups? The thought process behind investment moves, such as this, spring from the familiarity of the second and third generational decisions of family held businesses. Even family offices are experiencing a succession phenomenon and the oncoming generations comprehend the advantages of, not only investing in, but also gearing up for technology-led change. At the recent Hubbis’ Indian Wealth Management Forum 2017, Abhra Roy, head o...

China Wealth Managers Look to Take Hold of the Family Office Prospect

The increasing numbers of wealthy in China seem to be attracting the eye of wealth managers, resulting in a sudden surge of interest into the family office sector. The family office entity, one that looks into the wealth management of the top notch affluent families, is increasingly garnering the attention of traditional wealth managers, such as, banks, trusts, and other wealth management firms. Traditional wealth management firms have ventured into the family office scene more so as multi-family office...

Cyber Security of Family Offices in Asia – The Risks and How to Mitigate Them

The emergence of family offices in Asia brings along with it an emergence of cyber threats. These family offices can be likened to a digital treasury that has a magnet effect for hackers. With the mammoth of wealth being managed by these family offices, the threat is real and growing, the sooner it is recognized, the faster it can be averted. The author of a 2017 report on cyber security of family offices (released by Citi Private Bank), Edward Marshall, director, Global Family Office Group at Citi Private Bank, sai...

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