SINGAPORE — Household places of work in Asia are growing their presence as funding entities. In accordance with a survey, complete property underneath administration grew 60% in 2022 from the earlier yr.
What sort of asset administration do the superrich in Asia do? Lee Wong, the Singapore-based head of household workplace providers on the Swiss non-public financial institution Lombard Odier, informed Nikkei that almost all of household places of work make investments to keep up a present life-style somewhat than change it, with “a want to not lose property within the face of accelerating market volatility.”