The November 24 Digital Dialogue will focus on the dos and don'ts and the whys and wherefores of setting up a family office, focusing largely on key jurisdictions in Singapore, Hong Kong and possible even further afield in Dubai/the UAE.

The background is that Asia’s growing ranks of UHNW and HNW individuals and families in recent years have increasingly been selecting Singapore as the jurisdiction of choice for their single-family offices and at the same time, more and more multi-family offices are also making use of the remarkably advanced infrastructure to establish and/or expand their client base in the region and indeed across the globe. But they are also highly focused on the growing appeals of Dubai and the improving proposition on offer in Hong Kong.

As to Singapore itself, not only is the island state now almost ideally set up for the creation of such family offices due to the structures available (including the 2020 arrival of the VCC), the accommodating regulation and the wide range of government incentives available, but Singapore offers a deep and wide range of wealth management, legal, accounting, consulting and other services, as well as great flexibility and quality for such families regarding immigration/residence, education, healthcare, security, housing, and lifestyle. And now as we return to more normalised times in the post-pandemic world, the travel infrastructure is again showing itself to be second to none.

Similarly, in Asia Hong Kong has been fighting back. Hong Kong is, of course, the well-known traditional epicentre of the offshore wealth management industry in North Asia, serving not only clients in that region but also having over many decades carved out a formidable reputation in the global wealth management universe, with clients from the world over, and with a totally international approach, an advanced regulatory environment and a highly developed wealth management infrastructure and ecosystem. And nowadays, Hong Kong is increasingly interconnected with both Mainland China and with the Greater Bay Area.

The appeals of Dubai and indeed more broadly the UAE are improving and diversifying, and our panel of experts will also look at the competitive situation there and analyse what type of regulatory and other improvements are taking place to appeal to more UHNWIs and families.

But whatever any of these jurisdictions might offer, UHNWIs and their families must take the right steps to establishing their family office on firm footings, with appropriate licensing and compliance, and achieve the appropriate scale and staffing to make the whole effort worthwhile. And this will be the core focus of the November 24 Hubbis Digital Dialogue, as our chosen experts drill down to the nitty-gritty of setting up a solid, enduring family office.

Nov 24

Setting up a Family Office

3.00pm - 4.00pm HKT/SGT

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A community of leading organisations within Asian Wealth Management

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Senior figures in Asian Wealth Management are speaking at this event

Hannah Bisson

Trident Trust

Tan Woon Hum

Shook Lin & Bok

Zac Lucas

Spencer West

Richard Grasby

Appleby

Lee Woon Shiu

DBS Private Banking

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Event Agenda
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  • 15.00pm

    Setting up a Family Office

    • What should principals and advisors be looking for in a family office jurisdiction, and why?
    • What are the key appeals of Singapore for Single-family offices and perhaps also MFOs today?
    • What specifically does Hong Kong have to offer the regional and indeed global UHNW community and is Hong Kong able to compete head-to-head with Singapore as a go-to jurisdiction for family offices?
    • What about Dubai and more broadly the UAE?
    • Wherever a family establishes its SFO, what are the key regulatory and compliance developments and challenges?
    • How long does it take and what are the key pitfalls to avoid?
    • How should these family offices be staffed efficiently, comprehensively yet cost-effectively?
    • What scale of assets do you really need to make creating an SFO worthwhile?
    • How do the private clients identify the right wealth advisory firms and the right legal, accounting, personnel and fiduciary experts to work with?
    • What do you need to think about next after you have successfully created and opened the family office?

    Moderator

    Michael Stanhope

    Founder & Chief Executive Officer

    Hubbis

    Speakers

    John Shoemaker

    Registered Foreign Lawyer

    Butler Snow

    Lee Woon Shiu

    Managing Director & Group Head of Wealth Planning, Family Office & Insurance Solutions

    DBS Private Banking

    Tan Woon Hum

    Partner, Head of Trust, Asset & Wealth Management Practice

    Shook Lin & Bok

    Zac Lucas

    Partner – International Private Wealth

    Spencer West

    Hannah Bisson

    Director - Business Development

    Trident Trust

  • 16.00pm

    Webinar Ends

Nov 24

Setting up a Family Office

3.00pm - 4.00pm HKT/SGT

Speakers

Hannah Bisson

Trident Trust

Tan Woon Hum

Shook Lin & Bok

Zac Lucas

Spencer West

Richard Grasby

Appleby

Lee Woon Shiu

DBS Private Banking

Nov 24

Setting up a Family Office

3.00pm - 4.00pm HKT/SGT

Partners
Nov 24

Setting up a Family Office

3.00pm - 4.00pm HKT/SGT