Family office growth continues as new generation of super rich seeks professional management
New generation of high net worth individuals are starting to take control
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE trend in a growing number of family offices being formed is likely to continue, as the next generation in high net worth families increasingly seek professional management of their wealth, said Hannes Hofmann, global head of Citi’s Family Office Group.
“You will see a formation of more family offices in the future, because that’s what’s demanded by the second generation,” he said.
More wealth is being generated, and faster than ever before, Hofmann added.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
