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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 Tue, May 4, 2021 · 05:50 AM

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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Banking & Finance

Family offices are a booming business, but present challenges

KEYWORDS IN THIS ARTICLE

Banking & Finance

Nomura, Mizuho face losses on All Blue fund’s failed trades

Stablecoin Tether steps up monitoring in bid to combat illicit finance

HSBC asked by US$890 billion investor group to set energy goal

Barclays is the latest firm to face anti-ESG wrath in Oklahoma

Barclays prices mortgage-backed notes in deal with GoldenTree

TD risks an earnings hit from US laundering probe, analysts say

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