This week, our senior partner of Fung Yu Trust, Mr. Harry Yu had the privilege of moderating a highly engaging panel at the Asian Private Banker China Global Wealth Summit, where we explored evolving strategies, governance practices, and intergenerational dynamics in the family office landscape.
The discussion featured valuable insights from three outstanding industry leaders:
Marina Lui
Head of UBS Wealth Management China
Marina highlighted emerging global asset allocation trends, noting:
“Today’s family offices increasingly prioritize adaptability and responsiveness rather than purely chasing yields. Flexible structures that allow quick adjustments to geopolitical shifts are becoming essential for protecting long-term family wealth.”
Chi Man Kwan
CEO of Raffles Family Office
Chi Man shared firsthand experiences from Raffles Family Office’s strategic expansions across Asia and the Middle East, emphasizing governance stability:
“Family offices aren’t simply picking geographic locations—they’re carefully selecting governance frameworks families can reliably trust across generations. Governance stability is now a critical strategic consideration.”
Kitty Liu
Managing Director, CICC Global Family Office
Kitty eloquently described how philanthropy is evolving into a strategic governance tool bridging generations:
“Philanthropy today goes beyond charitable donations; it’s a vital platform for intergenerational communication and cultural alignment, strategically strengthening family unity and legacy.”
Harry Yu
Senior partner, Fung Yu Trust
Director, Family Business Research Centre of CUHK
As the moderator, Mr. Yu also shared insights drawn from my professional experience advising families on cross-border trust and governance structures. One observation I emphasized was:
“Effective governance is not merely about comprehensive documents and rules; it hinges fundamentally upon fostering genuine intergenerational consensus and trust through consistent engagement.”
Key Takeaways from Our Discussion:
- Global Diversification: Family offices now strategically diversify geographically and structurally, emphasizing agility in an unpredictable global environment.
- Stable Governance Systems: Selecting robust governance frameworks is crucial for the effective, long-term preservation of wealth across generations.
- Role of Philanthropy: Philanthropy increasingly serves as a strategic governance tool, facilitating strong emotional connections and unified family identities.
- Engagement of Next Generation: Family offices must proactively adapt governance frameworks to actively engage younger family members, who seek meaningful roles beyond mere inheritance.
The official Asian Private Banker article on our panel is available to subscribers here:
To ensure broader accessibility of these valuable insights, we prepared this summary for our wider professional community, including family offices, advisors, and stakeholders.
Sincere gratitude again to Marina Lui , Chi-man Kwan , Kitty Liu 中金公司 , and Asian Private Banker (Wayne Liu Tony Shale and team) for facilitating such an impactful dialogue.
Other recommended articles:
Welcome to follow us:
- WeChat: Fungyu_1964
- Weibo: 丰裕企业服务
- LinkedIn: Fung, Yu & Co.
- FB: Fung, Yu & Co. CPA Limited