FB Wealth
Hong Kong’s low tax rates along with comprehensive infrastructure, little government interference and substantial available capital make it attractive to potential investors, including family offices, and thus competitive with other countries in the region, says Christine Ho, deputy global head of FamilyOfficeHK at Invest Hong Kong.
How is the trust concept of ‘Benefit’ evolving to fit today’s world? Alice Killingbeck, director at KPMG Law, takes a closer look.
In this week’s FB Roundup, tributes are paid to Indian billionaire Pallonji Mistry; the family owned OCU Group sells to Triton Partners in a £400 million deal; and Brazilian billionaire Alberto Safra aims to offload his stake in his family empire.
With more ultra-high-net-worth families deciding to set up an Asian office, the choice of where to make a base is a vitally important one. Hong Kong has long since been a vibrant financial and cultural hub and is increasingly enticing UHNW individuals and families to set up in the city.
With Elon Musk making headlines for the ongoing acquisition of Twitter, his single family office and the man who handles his private finances have been thrust into the limelight. Jared Birchall is in a position of great trust but, asks Paul Westall, how much does the man who works for the world’s richest man make?...
No one is better equipped to take the reins of transformational leadership than family businesses, says KPMG partner Tom McGinness.
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