Focus on handling family wealth

MR LEE LUNG NIEN (above), chairman of South Asia at Citi Private Bank.
MR LEE LUNG NIEN (above), chairman of South Asia at Citi Private Bank.

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.

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A version of this article appeared in the print edition of The Straits Times on May 14, 2021, with the headline 'Focus on handling family wealth'. Subscribe