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Family offices set to grow in Asia-Pacific

The family office sector in Asia-Pacific looks set for strong growth, as the rise in wealth in the region, fuelled by strong economic expansion and liberalisation, continues, according to a study by Campden Research and UBS.
Family offices set to grow in Asia-Pacific

The family office sector in Asia-Pacific looks set for strong growth, as the rise in wealth in the region, fuelled by strong economic expansion and liberalisation, continues, according to a study by Campden Research and UBS.

Although the number of billionaires in the region has soared – in China, this has gone from virtually zero 10 years ago to nearly 150 in 2011 – the family office sector has not grown at a similar pace. There are only an estimated 100 family offices in the region.

“It is astounding that the family office model hasn’t taken hold in Asia-Pacific to a much greater extent given the dramatic growth in wealth there in the last 20 years,” said David Bain, co-author of the report and head of research at Campden Wealth.

Read the full story at CampdenFO

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