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Family offices are a booming business, but present challenges
There is a patchiness in the standards under which they are run, and the demand for talent far outstrips supply
Published Mon, May 3, 2021 · 09:50 PM
Singapore
FAMILY offices are a big business - though they are not without their challenges.
One concern, said Morten Bennedsen, professor of economics at the business school INSEAD, is that the quality of some family offices may not be high. This patchiness in standards could hurt the reputation of the sector.
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