A new PwC report reveals that Chinese family businesses are setting up an increasing number of family offices in the region as they seek to raise investment returns.
Rising interest rates and access to alternatives such as digital assets are driving the trend, as China’s wealthy show the most interest in ESG.
Capgemini’s latest report is a wake-up call for wealth managers as the heads of rich individuals are turned by big tech firms for information and value-added services.
Wealthy investors in Asia are more willing to take risks than their peers in the West, although they may not realise it, a survey study by RBC Wealth Management shows.
A new generation of wealthy people sees the potential of adding modern technology into their family offices. But traditional skills and experience are also a vital commodity.
The violent market swings last year had contributed to the biggest loss of population and wealth in Asia Pacific compared to other geographies, a Capgemini survey showed.