Wealth
Families in Asia-Pacific are leading the world at their pace of establishing and evolving family offices as their wealth rockets, the need for succession plans becomes acute and investment returns outperform North American and European family office peers.
Family offices in North America have seen their wealth and returns soar past Asia-Pacific and European contemporaries, despite the Covid-19 pandemic, as their expanding vehicles act on their confident economic outlook and eye cannabis investments and fintech transactions.
European family offices are more optimistic about the economic outlook for 2022 than Asia-Pacific and North American peers and more than half of continental families are open to new investment opportunities.
Families generally agree with new Campden Wealth research which reveals impact investments delivered “solid financial returns” in 2020, despite Covid-19 disruption, but say more progress is needed in making robust the measurement of positive social change.
Godrej family set to divide $4.1 billion empire, James Packer admits “oversights” and should have quit Crown Resorts, Luxury-leaning Exor to sell PartnerRe to Covea for $9 billion in revived deal.
The role sustainable and impact investing can play among families in saving the planet has slowly emerged to the forefront of western thinking, but families in Asia have already been putting theory into practice for years as a matter of survival.
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