Private banks ‘boring but important’, say family offices

What do wealthy Asian families want from their private banks? How they do staff their family offices? What asset classes do they favour? How do they approach co-investments? How many fund managers and custodians do they use? These are some of the many questions covered in the latest survey of Asia-Pacific family offices by Swiss bank UBS and consultancy Campden Wealth. This year the report, published yesterday, surveyed 29 single-family offices (having also included multi-family o…