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Panel Discussion - What does Hong Kong need to get right to appeal to Family Offices?

Name: Panel Discussion - What does Hong Kong need to get right to appeal to Family Offices?
Uploaded: Oct 25, 2023

Bryan Henning of Eton Solutions

Oct 25, 2023

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Why Establish a Single-Family Office and what are the Key Appeals of Hong Kong as a Family Office Jurisdiction?
What types of private clients can really benefit from establishing a single-family office (SFO) and why, and how much wealth do they need to make it worthwhile and viable today?
What are Hong Kong’s Key Selling Points as a jurisdiction to establish a Single-Family Office, and can it compete with Singapore and the UAE?
Is the government doing enough to support this? What does Hong Kong need to do to right to attract family offices? Aside from tax exemptions – does it need to give PR, structures, foundations, education, outreach programs? What’s the plan?
Do we have the right training environment? Are we doing enough to anticipate the needs of the wealthy families moving here? Do we have enough competent professionals to meet the demand adequately?
Are banks in Hong Kong providing effective custody and execution platforms for family offices – what are the weaknesses and where can improvements be made or found?
How much of a challenge is it to execute the aggregation and consolidation of financial data?
What solutions are available to Single and Mult-Family Offices to enhance their technology platform?
How can a Single-Family office address the CIO function effectively, dependent on size?
Are Hong Kong family offices sufficiently holistic in their approach – how can they optimise and deliver a completely holistic offering to the family?
How should these family offices be staffed efficiently, comprehensively yet cost-effectively?
How do the private clients identify the right wealth advisory firms and the right legal, accounting, personnel and fiduciary experts to work with?
If you are a Hong Kong Family – do you set up a SFO in Hong Kong or Singapore? Or both?
How does a single-family office or ultra-high net worth client choose the right multi-family office? Or when should they do it themselves?

Chair

Bryan Henning
SVP, Head of International
Eton Solutions

Panel Members

Luciano Tattoni
Managing Partner
CIGP

Jessica Cutrera
President
Leo Wealth

Vincent Au
Managing Director
ALPS Advisory

Chi Man Kwan
Group Chief Executive Officer and Co-founder
Raffles Family Office

Tan Woon Hum
Partner, Head of Trust, Asset & Wealth Management Practice
Shook Lin & Bok