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Ayaltis to Set Shop in Hong Kong

The rising rich in China are churning out a large amount of wealth and most of that is bound for Hong Kong, making it among the top three places with the highest number of family offices in Asia. Recently, Hong Kong has drawn the attention of a Swiss hedge fund - Ayaltis, as the chosen location to set up their family office. Mr. Hao Shao, General Manager at Ayaltis, who is heading the family office set up operations in Hong Kong sheds lights on the market, “the Chinese total HNWIs’ wealth stands at $7 trill...

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...

The Classic Divide between Family Offices in Asia vs. America

Family offices are a fairly new occurrence in the Asian economy, but have been around for decades in the West. Interestingly, the former is not mimicking the latter in its investment style and approach. Here’s a quick look at some of the stark differences in their behavior across continents. The first obvious difference is the sheer number of family offices being much lower in Asia, as compared to their dominant presence in the western economic arena. According to a 2017 Bloomberg report, ‘Over the ...

The Investment Penchants of Family Offices in Asia

What was largely an American and European trend over the last decade, has now spread its wings wide around the Asian economic landscape. The family office trend is growing at an unprecedented rate among the rich in Asia, owing to the nouveau riche phenomenon in Asia. According to an article published by Jeremy Hazelhurst in the Financial Times, ‘Fifth-generation family business members are happy to hand over their inheritances to bankers, but tycoons and the children of tycoons are keener to trace the path of ...

Indian Family Offices Target Investment in Start-ups

If you're wondering who houses those plush new offices in the swanky high rise commercial buildings across the country, one big player would be the family office sector. These entities are not only managing the financial affairs of the wealthy, but also finding ways to make these rich get richer. These uber affluent families have assets that match those of powerhouse companies (such as Infosys, Birla and BFL). The nouveau riche, due to their sheer lack of experience, are also looking for a lending hand toward their ...

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...

The Largest Family Owned Businesses in Asia – Who They Are and Where They’re From

Asia has long been dubbed an emerging economy. According to the IMF, the economic outlook for Asia and the Pacific estimates growth for the region to increase this year to 5.5 percent, from 5.3 percent in 2016. This growth is expected to remain strong at 5.4 percent in 2018. Asia continues to be the leader in global growth. The below table represents some of Asia’s powerhouses. These are publicly listed companies with a net worth of billions of dollars that dominate the corporate landscape. For a private ...

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