Asian boom in family offices to manage wealth

SMU Associate Professor Annie Koh, Dean of Executive and Professional Education and the Financial Training Institute at SMU commented on the growing number of special entities set up to manage family wealth as more people consider ways to pass on their wealth to the next generations. Prof Koh said we are in a stage of transition and so many Asian families are not consciously prepared for succession, whether in the context of their business or the context of wealth transfer. Prof Koh was a panellist at a forum at the UBS Business University Asia campus, where the survey results were shared yesterday.