As younger family members shift capital into private markets and tech, a reluctance to discuss money with older relatives is complicating succession planning.
The launch reflects intensifying competition to connect Singapore’s growing family office sector with direct investments and institutional-grade private-market opportunities.
The partnership will begin with a bespoke global multi-asset portfolio and extend into wealth planning, intergenerational transfer and adviser development.
Locked holdings, layered investment vehicles and limited collateral value are complicating private-market exposure, while AI is changing what wealthy clients expect from their relationship managers.
The industry can offer tailor-made hybrid funds to fix the liquidity issues frustrating wealthy Asian investors, says the global head of L&G's $1.7 trillion asset management business.
Keenai names a Singapore country head and Amundi appoints a distribution chief, while Neuberger, Barclays, and William Blair bolster their alternative product and portfolio management teams.
The world's largest asset manager continues its expansion into alternative investments as its adjusted operating margin hits its highest in nearly five years.