The confluence of turbulent financial markets, lifestyle changes and the climate emergency are spurring a shift in mindset among many wealthy families in the Asia-Pacific region.
Coupled with changes in the sophistication levels, increasing divergences in the preferences and needs of older and younger family members alike, high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) are seeking more professional and structured ways to ensure a smooth wealth transition across generations and locations. Ultimately, they want to protect and sustain their legacy, in ways different from the past.
The recent HSBC Global Private Banking 2023 Global Entrepreneurial Wealth Report indicates that
