Singapore home to more than half of Asia’s family offices, says report
More than half of the family offices in Asia are estimated to be located in Singapore, said KPMG Private Enterprise and family office consultancy Agreus in a report.
Some 9 per cent of the world’s family offices are located in Asia, with 59 per cent of these in Singapore, according to the 2023 Global Family Office Compensation Benchmark Report.
The report estimated that there are about 20,000 family offices globally. It noted that family offices have become accustomed to operating in times of uncertainty, and are quite uniform in their approach.
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