The Business Times
business-time-50

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.

    Family officesWealth managementVCCAsset management

    TRENDING NOW

    Construction of a 2 GW converter platform for the Netherlands’ national grid operator Tennet at Seatrium’s yard in Admiralty, Singapore.

    World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028

    Stanley Gibbons will hold its inaugural philatelic live auction, The Orchard Road Collection of Malaya Revenues, on Oct 29.

    Is stamp collecting enjoying an analogue revival or are its best days over?

    The 38 officers leaving GovTech were primarily in roles structured around traditional project delivery.

    GovTech retrenches another 38 staff in second round of layoffs

    MBS’ net revenue is down 9.9% year on year at US$1.29 billion.

    MBS adjusted property Ebitda falls 20.6% in Q3 with fewer high-roller visits, weaker hold

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More