Simon-Kucher APAC Family Office Study
Discover the latest insights and the evolving dynamics of family offices in the APAC region. This exclusive APAC Family Office Study offers a comprehensive analysis of the challenges and perspectives across the ecosystem. Key topics include top pain points, operational challenges and strategic perspectives.
Singapore has seen an influx of new family offices being set up in the country over the last few years. The number of family offices multiplied fivefold from 2017 to 2019, with around 700 single-family offices (SFOs) establishing a presence in Singapore by the end of 2021. This figure is expected to more than double to 1,500 by the end of 2023.The influx of family offices reflects the perceived stability of Singapore as a wealth hub in the region and the growing interest of the wealthy to manage their assets better. Yet not all family offices are successful in achieving their investment goals and ambitions. New and existing family offices often face perennial challenges and issues across the entire family office lifecycle, from incorporation to day-to-day operations.
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