S'pore, HK stand tall as prime hubs in Asia for family offices

Financial infrastructure, regulatory clarity part of cities' appeal amid geopolitical shifts

- Angela Tan Senior Business Correspondent

Singapore and Hong Kong continue to cement their roles as Asia's leading centres for wealthy families to build and safeguard family legacies as geopolitical uncertainties rise, private bankers say.

The two cities stand out even as more governments are actively competing to attract international wealth, as tax and political changes in other places are prompting rich families to reassess their geographic footprint.

Singapore and Hong Kong offer robust financial infrastructure and regulatory clarity, making them prime destinations for family offices seeking to navigate complexities.

Singapore has positioned itself as a natural hub for Asian families and those looking for a gateway to Asia, offering political stability, strong legal frameworks and a clear regulatory environment.

It serves clients from across Asia, including the Indian subcontinent, with access to world-class infrastructure and residency programmes.

Hong Kong's attractiveness is underpinned by its international appeal, proximity to mainland China, deep talent pool and mature ecosystem of advisers.

"We're seeing families move beyond simply managing wealth - they're looking for institutional-style platforms that can support them across borders, across generations," said Mr Christos Anagnostopoulos, head of family office solutions and advisory for Asia at Swiss bank Julius Baer.

"Singapore and Hong Kong offer that mix of infrastructure, talent and regional relevance," he said. "This is where Singapore and Hong Kong stand out."