Leading private banks target family offices in Asia

Family fortunes


Fingers were pointed in many directions after the global financial crisis of 2007/2008, and one of the complaints in Asia – made by ultra-rich investors who aggressively chased returns yet saw their portfolio values slashed during the downturn – was that their private bankers had let them down: what they really needed was advice, and a lot more of it. This included more detailed advice on matters as diverse as investment strategies, succession planning and philanthropy, right through to setting