Fan Ivan, Head of Private Wealth at New Region Asset Management, interviewed by stheadline, provides in-depth insights on the advantages of family offices over private banks.

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Summary: Fan Ivan, Head of Private Wealth at New Region Asset Management, was recently interviewed by stheadline, where he discussed Hong Kong's advantages in the development of family offices, emphasizing their flexibility and transparency in asset management compared to private banks. Fan pointed out that, with the Hong Kong government's enhanced tax relief for single-family offices and support from the Capital Investment Entrant Scheme (CIES), there is growing demand from foreign investors to establish family offices in Hong Kong. He also highlighted that family offices offer bespoke solutions for high-net-worth clients, covering investments in stocks, bonds, private equity funds, hedge funds, and alternative investments such as artwork and yachts. Fan believes these diverse services give Hong Kong an edge over Singapore in family office development.

For more details, please refer to the full interview on stheadline:https://www.stheadline.com/realtime-finance/3393674