Private banks mull regional family office units
More private banks are looking to set up independent family office platforms in Asia or create external investment vehicles, says fund infrastructure platform Gordian Capital.
Private banks – under pressure amid the rise of the family office segment in Asia – are alert to every opportunity to retain client assets. One way for them to do this is to set up a multi-family office (MFO) platform independent of the bank, but affiliated to it.
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