Family office trend in Asia set to aid wealth transfer

Wealthy Asians may be relatively unsophisticated investors compared to their Western counterparts, but the growing emergence of family offices is a sign that the situation is changing, say private bankers and consultants. This trend will also assist with the intra-generational transfer of wealth. "Family offices are well placed to be involved in the generational shift of wealth in Asia that will take place over the next decade," says Song Chi-Ho, Singapore-based managing director at …