An opportunity is being presented in the market for sophisticated US model multi-family office platforms within the Asian wealth Diasporas.
Globally, private wealth rose by 7.8% (to approximately USD 135 trillion) in 2012 from the previous year, with Asia ex-Japan having the largest increase of 17% (to approximately USD 28 trillion) in private wealth from 2011 to 2012. This is projected to nearly double to approximately USD 48.1 trillion by 2018.
Asia offers UHNW families vast geographical diversification when investing their assets. The region is split into two main financial hubs/booking centres, these being Hong Kong and Singapore. Hong Kong allows for access to wealth/opportunities from the Greater China region. Singapore, allows for access to wealth from South East Asia [Indonesia/ Malaysia/Thailand/Vietnam and Myanmar], India and Australia. One of the main advantages of Hong Kong and Singapore being that they are city states with separate regulatory, tax and contemporary governments.