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Asia

March 13, 2018

North America remains the richest region on the planet, with a third of the world’s ultra-wealthiest people calling it home, but Asia has overtaken Europe as the second richest.

North America remains the richest region on the planet, with a third of the world’s ultra-wealthiest people calling it home, but Asia has overtaken Europe as the second richest.

Asia’s narrow promotion to second place came despite a 10% rise in 2017 in the number of ultra-wealthy Europeans (with $50 million or more), taking Europe’s number of wealth-holders to 35,180. Asia’s ultra-wealthy population accelerated 15% to 35,880 wealth-holders, according to Wealth-X data which informed the new Knight Frank Wealth Report.

October 31, 2017

Pre-nup popularity increasing to protect wealth; Billionaires return to growth globally; How to avoid “Sudden Wealth Syndrome”

Pre-nup popularity increasing to protect wealth

Pre-nuptial agreements are on the rise among ultra-wealthy individuals and families, especially among people aged under 30 getting married for the first time, a new study finds.

Two-thirds of the 25 English and Welsh law firms surveyed by Forsters’ family team said they had advised their ultra-wealthy and high net worth clients on a greater number of nuptial agreements since 2010.

August 1, 2017

A Hong Kong family company best known for its oyster sauce is the latest in a series of Asian investors snapping up London landmarks, as it executes a £1.3 billion ($1.7 billion) deal for the city’s “Walkie Talkie” building.

A Hong Kong family company best known for its oyster sauce is the latest in a series of Asian investors snapping up London landmarks, as it executes a £1.3 billion ($1.7 billion) deal for the city’s “Walkie Talkie” building.

LKK Health Products Group, which makes Lee Kum Kee Oyster Sauce, has agreed to buy the 37-storey City of London tower – officially named 20 Fenchurch Street but more commonly referred to as the “Walkie Talkie” thanks to its bulbous design.

July 4, 2017

The world’s financial centre of gravity is shifting to Asia and Asian family businesses are a major factor. But the family office concept is in its infancy compared to Europe and North America and western wealth managers struggle to forge enduring business relationships. Azlinda Ariffin-Boromand, partner at WithersWorldwide, says it all starts with chopsticks.

The world’s financial centre of gravity is shifting to Asia and Asian family businesses are a major factor. But the family office concept is in its infancy compared to Europe and North America and western wealth managers struggle to forge enduring business relationships. Azlinda Ariffin-Boromand, partner at WithersWorldwide, says it all starts with chopsticks.

July 4, 2017

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America 

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America. Sharon Lim reports 

June 28, 2017

The ultra-high net worth population is set to grow by more than 72,000 people over the next five years, with growth underpinned by urbanisation, female labour participation, and transformative technologies.

The ultra-high net worth population is set to grow by more than 72,000 people over the next five years, with growth underpinned by urbanisation, female labour participation, and transformative technologies.

Threats to the ultra-wealthy include evidence of populist dissatisfaction with the elite, as well as potentially changing views on immigration, national sovereignty and deindustrialisation.

February 27, 2017

Asia is home to a third of the world’s ultra-high net worth people and as a market can make or break a multinational’s bottom line yet family businesses are playing catch up to the west in formalising their family offices.

Asia is home to a third of the world’s ultra-high net worth people and as a market can make or break a multinational’s bottom line yet family businesses are playing catch up to the west in formalising their family offices.

September 5, 2016

Family offices in Asia are still relatively new. Most of the wealth is still in the first, or possibly the second generation. The establishment of what might be described as western family office models is still nascent.

Family offices in Asia are still relatively new. Most of the wealth is still in the first, or possibly the second generation. The establishment of what might be described as western family office models is still nascent.

The preferred formula still remains that of a very trusted family retainer, a chief financial officer who has run an operating business, or a lawyer, who structures and advises the wealth that the principals. The old (or very older) generation still retain a great deal of control and make the strategic and investment decisions.

August 4, 2016

Heineken share prices have dropped after the Dutch family brewer reported a 4.9% slowdown in global growth over the first six months of 2016 compared to last year.

Heineken share prices have dropped after the Dutch family brewer reported a 4.9% slowdown in global growth over the first six months of 2016 compared to last year.

The world’s third largest brewery announced this week that growth in beer volume in Asia Pacific at 16%, Europe at 2.4% and the Americas at 1.6% offset a marked 5.9% drop in growth in Africa, the Middle East, and Eastern Europe.

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