Family Office News Asia

Tag: BNP Paribas

  • BNP Paribas Bets on Asia’s Family Office Boom with Dual Wealth Hubs

    BNP Paribas Bets on Asia’s Family Office Boom with Dual Wealth Hubs

    Family offices across Asia are reshaping global wealth management practices as entrepreneurs and multigenerational families seek more sophisticated solutions for succession, governance and alternative investments, according to BNP Paribas Wealth Management.

    BNP Paribas, which operates regional hubs in Hong Kong and Singapore, is positioning its “One Bank” model to capture the region’s expanding wealth base. The bank says it is seeing rising demand from both first-generation entrepreneurs in China, who are focused on diversification and business continuity, and more established families in Hong Kong and Singapore seeking global portfolios and complex succession planning.

    “Asian families are not only writing a playbook rooted in tradition, they’re firmly establishing themselves as future global leaders in wealth stewardship,” said Lemuel Lee, head of wealth management for Hong Kong.

    According to the 2024 Asia-Pacific Family Office Report, published with Campden Wealth, Asian family offices now lead globally in structured succession planning, blending cultural heritage with international best practices. Direct private investments in sectors such as artificial intelligence, healthcare and renewable energy are gaining ground as families diversify beyond public markets.

    BNP Paribas has bolstered its capabilities with the acquisition of AXA Investment Managers, bringing total assets under management to €1.5 trillion (US$1.76 trillion). “The benefits include unparalleled access to private market opportunities, deep sector expertise, and innovative solutions that reinforce our commitment to supporting Asia’s entrepreneurial families,” Lee said.

    Arnaud Tellier, Asia Pacific CEO at BNP Paribas Wealth Management, said the bank’s dual hubs offer clients flexibility across Greater China and Southeast Asia. “Each hub offers distinct strengths, but together they provide seamless access to the region’s most important financial centres,” he said.

    With a growing client base spanning three generations, BNP Paribas is extending its services beyond investment advice to include inheritance design, corporate governance support and education for heirs. “We see Asian family offices not merely as clients but as strategic partners in shaping a more connected, resilient, forward-looking wealth ecosystem,” Lee said.

    FamilyOfficeNewsAsia.com

  • Asia-Pacific Family Offices Tilt Toward Growth as AUM Hits $50bn – Report

    Asia-Pacific Family Offices Tilt Toward Growth as AUM Hits $50bn – Report

    Asia-Pacific family offices are increasingly shifting towards growth-focused investment strategies as assets under management in the region reached $50 billion, according to the Asia-Pacific Family Office Report 2024 by Campden Wealth and BNP Paribas Wealth Management.

    The survey of 76 family offices across the region found that more than 40% expect investment returns above 10% this year, supported by optimism over U.S. interest rate cuts and Beijing’s stimulus measures.

    Indian, Chinese and Japanese equities, as well as themes such as defence, cybersecurity and artificial intelligence, topped near- and medium-term preferences.

    Almost 60% of Asia-Pacific family offices now pursue balanced strategies, though many signal a pivot toward growth over the next five years as rising second-generation leadership drives higher return targets.

    “Families can reasonably be expected to double in size every generation,” the report noted, adding that sustaining per capita wealth requires real growth of about 2.5% annually.

    Private equity remains the favoured source of risk-adjusted returns, but higher rates and delayed exits have dampened enthusiasm.

    By contrast, private credit has gained traction, with lending rates seen as sufficient compensation for default risks. Real estate still accounts for 15% of portfolios, but sentiment is weighed by high vacancy rates in China and Hong Kong.

    Philanthropy and responsible investing also play a growing role, with three-quarters of Asia-Pacific family offices making average donations of $4 million and more than half engaged in impact investing.

    Despite concerns over delayed U.S. Federal Reserve easing, the U.S. election and China’s real estate crisis, 85% of respondents said they were satisfied with their offices’ investment management performance.

    FamilyOfficeNewsAsia.com