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Focus on handling family wealth
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MR LEE LUNG NIEN (above), chairman of South Asia at Citi Private Bank.
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Family offices come in a range of shapes and sizes, but their central mission statement - to manage wealth - rarely varies.
A single-family office caters to the needs of just one family. Leaner ones can focus only on investment and wealth management, with a team of just three to five professionals and a couple of family members.
