Impact in Motion: A White Paper on Single-Family Offices
This report covers the rise of private family offices in Asia, driven by the growth of wealth accumulation in the region. The number of family offices in Asia has surged over the past two decades, with Singapore alone seeing a fivefold increase from 2017 to 2019. The report highlights that family offices offer wealthy families greater control over their wealth and assets and can provide more flexibility and urgency in responding to risks and uncertainties such as inflation, geopolitical unrest, and digital disruption. It also explores how family offices are incorporating impact-driven goals, such as environmental, social, and governance (ESG) factors, into their operations. The report is based on anecdotal narratives from representatives of 12 single-family offices across Asia.