Family Offices

BNP Paribas reports that wealthy European clients are increasingly establishing family offices in Hong Kong to leverage regional opportunities. Mainland Chinese clients are also seeking investments in Europe, with Lemuel Lee, BNP Paribas' Hong Kong wealth management head, noting a two-way capital flow between Europe and mainland China.

BNP Paribas reports that wealthy European clients are increasingly establishing family offices in Hong Kong to leverage regional opportunities, while mainland Chinese clients are investing in Europe, according to the bank's Hong Kong wealth management head Lemuel Lee.

Baillie Gifford is implementing a voluntary exits strategy for UK-based staff as part of a refocus on family offices and financial advisers in the US and Asia.

Hong Kong's government introduced a bill to waive salary tax on performance-linked bonuses for fund managers under specific conditions, aiming to strengthen the city's position as a wealth management hub. The bill, set for its first legislative reading on June 24, seeks to attract fund managers and family offices by offering tax incentives.

Hong Kong's government introduced a tax break for fund managers' performance-linked bonuses to strengthen its role as a wealth management hub. The bill, set for a first reading on June 24, aims to attract fund managers and family offices to the city.

Family offices, representing the ultra-rich, are investing in space startups beyond SpaceX. Their interest in these ventures is not contingent on Elon Musk's involvement or branding.

Maybank managed $4.9 billion in deals for Singapore and Malaysia. The bank also helped establish nine family offices in Johor.

Family offices, which manage wealth for the ultra-rich, are increasingly investing in sports ventures such as pickleball leagues and smart soccer balls. This trend persists despite AI startups dominating current deal-making news.

Over 25% of UBS family offices surveyed for an annual report have minimized or plan to reduce their holdings in U.S. dollar assets, signaling a shift in investment priorities. Billionaire families are exploring alternative markets to diversify their portfolios away from the U.S.

Dominica’s Prime Minister, Dr. Roosevelt Skerrit, will visit Hong Kong from October 26 to 27 to attend the 2026 Globevisa Global Citizen Conference (GGCC 2026). The summit, moving from Singapore to Hong Kong, focuses on CBI compliance and financial services development in Asia’s wealth management hub.

CNBC and Addepar have launched the Family Office Portfolio Tracker, revealing investment trends among wealthy families. The data shows public stocks are the fastest-growing asset class for family offices, while real estate holdings are declining.

Family investors are turning to traditional businesses like car dealerships and fisheries to avoid disruption from AI. These old-economy businesses offer stability and cash flow, making them attractive to family offices. They provide a sense of security in an uncertain market.