SINGAPORE - Protecting their wealth and ensuring it passes safely into the capable hands of the next generation are the key factors that spur the wealthy to set up family offices.
These were also the main concerns of Mr Derek Ong (not his real name), an entrepreneur in his 60s with business interests in South-east Asia. His family is engaged with a multi-family office with Golden Equator Wealth.
Already a subscriber? Log in
Dive deeper at $0.99/month
Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.
ST One Digital Package - Monthly
$9.90 $0.99/month
No contract
$0.99/month for the first 3 months, $9.90/month thereafter. T&Cs apply.
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
2-week e-paper archive so you never miss out on any topic that matters to you