The signing of the MoU marked the culmination of an Asia trip by a Guernsey Finance delegation, accompanied by members of the Island's finance sector, which incorporated visits to Hong Kong, Kuala Lumpur, Singapore, Beijing and Shanghai.
The idea of “putting everything in a box called a family office” is a relatively new phenomenon, says Sailesh Barchha, an adviser to the Kuwaiti royal family — who differ in several respects from their western counterparts.
A full-service package for high net-worth individuals, assisting them with the solution of both financial and non-financial issues, not just in Russia but in all other jurisdictions where the multi-family office operates.
A cloud-based, SaaS model allows for unrivaled flexibility, automation and timeliness for a younger generation of clients who expect real-time access to their investments.
Although Asia-Pacific family offices achieved higher returns compared with those in North America and emerging markets last year, their investment stra tegies were more cautious, focusing more on preservation and balance approaches than growth ones.