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Asia Pacific

Chiu Wu Hong: “There's a lot of confidence about the growth opportunities in Asia Pacific”

November 14, 2022

KPMG’s private enterprise leader in Singapore, Chiu Wu Hong, talks about why the city-state’s status is on the rise, an increased focus on ESG and impact investment and some very attractive tax incentives.

With more than 20 years’ experience advising on the benefits of Singapore’s regional tax incentives and compliance, cross-border transactions, mergers and acquisitions and consulting and planning for local and multinational companies, there can be few better positioned to lead KPMG’s private enterprise team in the city-state than Chiu Wu Hong.

Global family office growth soars, manages $5.9 trillion

July 18, 2019

Asia-Pacific and North American business families of wealth have powered the record-breaking growth in the number of family offices by more than one-third in only two years.

Asia-Pacific and North American business families of wealth have powered the record-breaking growth in the number of family offices by more than one-third in only two years.

The total estimated assets under management of family offices stands at $5.9 trillion, while the wealth of the families behind them totals a vast $9.4 trillion.

Family principal John Elkann in the driving seat of FCA-Renault merger

May 31, 2019

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The merger also shows how a dynastic family business can make bold strategic decisions to ensure its sustainability in an era of technological disruption.

Asian families slow to tackle tech disruption

November 14, 2018

The overwhelming majority of family businesses in Asia have experienced technological disruption, but less than half are ready to adapt to the advent of big data, artificial intelligence, the Internet of Things, renewable energy or robotics.

While more than 60% of families took steps to understand the nature of disruptive technologies, only one-third have developed a clear perspective on the future direction for their own industry, a new report by Lombard Odier found.

View from the Peak: Asia-Pacific’s uncommon love for listed companies

December 18, 2017

Why are family-controlled companies in Asia-Pacific much more likely to be publicly listed than in other parts of the world?

FB Roundup: LVMH, JAB Holding Company, and Asia-Pacific wealth

November 9, 2017

Luxury giant LVMH in major reshuffle of top management; Panera Bread founder swaps C-suite for boardroom after JAB takeover; Asia-Pacific expected to lead slowing global wealth by 2021

Luxury giant LVMH in major reshuffle of top management

Sidney Toledano has been appointed chairman and chief executive of the fashion group within the world-leading family-controlled luxury giant LVMH after 20 years in charge of Christian Dior Couture.

The change at the top followed the full integration of Dior into LVMH in April in a reported €13 billion ($15.1 billion) deal.

One in six family offices lack succession plans

September 22, 2017

More than a sixth of family offices managing on average close to $1 billion of assets have no plan for generational transfer, while only a third of offices have written succession plans.

More than a sixth of family offices managing on average close to $1 billion of assets have no plan for generational transfer, while only a third of offices have written succession plans.

The newly-released Global Family Office Report 2017 (GFOR) found while family office succession planning has increased in the past year, with nearly half of family offices (47.3%) having a succession plan, either written (33%) or verbally agreed (15%, a fifth had no plan or did not know if a plan existed.

Impact investing on the move across Asia

August 15, 2017

Jean Case, co-founder and chief executive of the entrepreneurial philanthropic Case Foundation, takes heart from a growing passion for impact investing after enlightening engagements in Asia.

Jean Case, co-founder and chief executive of the entrepreneurial philanthropic Case Foundation, takes heart from a growing passion for impact investing after enlightening engagements with next generation leaders in Asia.

China, Hong Kong, Indonesia, Korea, Singapore, Switzerland, Taiwan, Thailand, Vietnam. These are just some of cities and regions that were represented at a Pan-Asian gathering of change makers focused on impact investing in Seoul, Korea earlier this year.

View from the Peak - When trust fails: wealth succession and planning in Asia

July 4, 2017

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America

Several high profile cases in past months show why wealth succession and planning in Asia can differ markedly from Europe and North America. Sharon Lim reports

View from the Peak: Is the Rooster wearing bathing shorts?

January 30, 2017

Traditionally roosters like the centre of attention. In the spotlight. If the tide of excess liquidity withdraws from Asia we must hope that the rooster is appropriately attired, to expropriate Buffett’s adage.