Entrepreneurial Asian families are getting richer faster than those anywhere else in the world. This is obvious when you consider they represent the vanguard of wealth creation in some of the most rapidly growing emerging markets.
What is less obvious is that they are relatively young in business terms, which means these families and their wealth are much more entwined with their companies.
This is why the family office is still a novelty in the region. There are about 100 single family offices in Asia, compared with 2,500 or so worldwide, according to a recent study by UBS and Campden Research*.
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