家族辦公室熱潮:東西方差異對比
《家族辦公室熱潮:東西方差異對比》由星展私人銀行委託經濟學人智庫撰寫。
家族辦公室指專為超高淨值資產人士 (UHNWI) 提供個人投資服務的公司,在全球金融市場中的影響力日漸增強。管理顧問安永 (EY) 的調查數據顯示,自2008 年以來,家族辦公室的數量增加了10 倍,目前已達到約10,000 間。
隨着全球億萬富翁人數持續增加,與他們相關的家族辦公室數目、資產及影響力也隨之增加。家族辦公室源自西方富有的英美商人,但過去連續 5 年,卻由亞洲榮膺全球最富裕地區。
本報告以東方(泛指亞洲地區)及西方(歐洲及北美)的家族辦公室為研究對象,對比各自的運作模式,並探討文化、家族及財富創造在其結構和管理方面所擔當的角色。
這項研究建基於廣泛的案例研究,以及以家族辦公室擁有者、經理及顧問作為對象的訪談。我們感謝以下受訪者撥冗參與:
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家族办公室热潮:东西方对比
《家族办公室热潮:东西方对比》研究报告由星展私人银行委托经济学人智库撰写。
家族办公室是指为超高净值人士 (UHNWI) 服务的私人投资公司,在全球金融市场中日益壮大。咨询公司安永 (EY) 的数据显示,家族办公室的数量自2008 年以来增加了 10 倍,目前约有 10,000 家。
随着全球亿万富豪越来越多,家族办公室的数量、资产以及影响力也会不断扩大。家族办公室的传统始于西方,由富有的英美商人开启。然而,亚洲在过去五年蝉联全球最富裕地区。
本报告旨在研究东方(亚洲地区)和西方(欧洲和北美)家族办公室行事的差异,探讨文化、家族和财富创造如何影响家族办公室的结构和管理。
研究的基础包括广泛的案头调研,以及对家族办公室的所有者、经理和顾问进行深入访谈。我们感谢以下受访者的宝贵时间和见解:
陈恩怡,香港 RS 集团主席 Stacy Choong,新加坡卫达仕凯德律师事务所 (Withers KhattarWong) 私人客户和税务业务合伙人 Joseph Falanga,美国优华扬咨询公司 (UHY Advisors) 董事总经理 James Fleming,英国沙艾尔 (Sandaire) 首席执行官 高皓,清华大学五道口金融学院全球家族企业研究中心主任,战略合作与发展办公室主任 James Grubman,美国家族财富咨询 (Family Wealth Consulting) 所有者 Chompan Kulnides,泰国迈奴控股公司 (Minor Holdings) 投资部副总裁 Chris Merry,英国斯通海格 (Stonehage Fleming) 集团首席执行官 Anthony Ritossa 爵士,迪拜里托萨家族办公室(Ritossa Family Office) 主席 Kirby Rosplock,美国塔马林德合伙人 (Tamarind Partners) 创始人 于洪儒教授,中国博泽家族办公室创始人本报告由 Dewi John 撰写,由 Georgia McCafferty 和 Jason Wincuinas 编辑。
Video | The family office boom: Contrasts between East and West
This report examines the different approaches of family offices in the East (the Asia region generally) and West (Europe and North America) and explores the role culture, family and wealth generation play in terms of their structure and management.
家族办公室热潮:东西方对比
《家族办公室热潮:东西方对比》研究报告由星展私人银行委托经济学人智库撰写。
家族办公室是指为超高净值人士 (UHNWI) 服务的私人投资公司,在全球金融市场中日益壮大。咨询公司安永 (EY) 的数据显示,家族办公室的数量自2008 年以来增加了 10 倍,目前约有 10,000 家。
随着全球亿万富豪越来越多,家族办公室的数量、资产以及影响力也会不断扩大。家族办公室的传统始于西方,由富有的英美商人开启。然而,亚洲在过去五年蝉联全球最富裕地区。
本报告旨在研究东方(亚洲地区)和西方(欧洲和北美)家族办公室行事的差异,探讨文化、家族和财富创造如何影响家族办公室的结构和管理。
研究的基础包括广泛的案头调研,以及对家族办公室的所有者、经理和顾问进行深入访谈。我们感谢以下受访者的宝贵时间和见解:
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Video | The family office boom: Contrasts between East and West
This report examines the different approaches of family offices in the East (the Asia region generally) and West (Europe and North America) and explores the role culture, family and wealth generation play in terms of their structure and management.
Video | The family office boom: Key findings
Key findings of the report "The family office boom: Contrasts between East and West"
Time to Scale up Creative Philanthropy!
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Value-based healthcare in Sweden: Reaching the next level
The need to get better value from healthcare investment has never been more important as ageing populations and increasing numbers of people with multiple chronic conditions force governments to make limited financial resources go further.
These pressures, along with a greater focus on patient-centred care, have raised the profile of VBHC, especially in European healthcare systems. Sweden, with its highly comprehensive and egalitarian healthcare system, has been a leader in implementing VBHC from the beginning, a fact that was underscored in a 2016 global assessment of VBHC published by The Economist Intelligence Unit.
This paper looks at the ways in which Sweden has implemented VBHC, the areas in which it has faced obstacles and the lessons that it can teach other countries and health systems looking to improve the value of their own healthcare investments.
Breast cancer patients and survivors in the Asia-Pacific workforce
With more older women also working, how will the rising trend of breast cancer survivorship manifest in workplace policies, practices and culture? What challenges do breast cancer survivors face when trying to reintegrate into the workforce, or to continue working during treatment? How can governments, companies and society at large play a constructive role?
This series of reports looks at the situation for breast cancer survivors in Australia, New Zealand and South Korea. It finds that while progress has been made, more needs to be done, particularly in South Korea, where public stigma around cancer remains high.The Cost of Silence
Cardiovascular diseases levy a substantial financial toll on individuals, their households and the public finances. These include the costs of hospital treatment, long-term disease management and recurring incidence of heart attacks and stroke. They also include the costs of functional impairment and knock-on costs as families may lose breadwinners or have to withdraw other family members from the workforce to care for a CVD patient. Governments also lose tax revenue due to early retirement and mortality, and can be forced to reallocate public finances from other budgets to maintain an accessible healthcare system in the face of rising costs.
As such, there is a need for more awareness of the ways in which people should actively work to reduce their CVD risk. There is also a need for more primary and secondary preventative support from health agencies, policymakers and nongovernmental groups.
To inform the decisions and strategies of these stakeholders, The Economist Intelligence Unit and EIU Healthcare, its healthcare subsidiary, have conducted a study of the prevalence and costs of the top four modifiable risk factors that contribute to CVDs across the Asian markets of China, Australia, Hong Kong, Japan, Singapore, South Korea, Taiwan and Thailand.
Download the report to learn more.
The silent legacy of Asia’s philanthropists
Philanthropy in Asia has often been dominated by an expectation that successful individuals should give quietly without receiving recognition in return, explains Dien Yuen, managing director at Kordant Philanthropy Advisors, a research and advisory firm based in California which works with Asian philanthropists. Giving in Asia is underpinned by Confucian beliefs, and this explains some of the reticence around wealthy families’ philanthropic work.
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In some instances the impact of this shift will be shaped by local factors, such as demographic changes. In other instances this shift will reflect shared characteristics, as demonstrated by the greater popularity of overseas investing among younger high-net-worth individuals (HNWIs) brought up in an era of globalisation. Whatever the drivers, the landscape of wealth is changing—from local to global, and from one focused on returns to one founded on personal values.
Despite rising economic concerns and a tradition of investor home bias in large parts of the world, the new landscape of wealth appears less interested in borders. According to a survey commissioned by RBC Wealth Management and conducted by The Economist Intelligence Unit (EIU), younger HNWIs are substantially more enthusiastic about foreign investing. The U.S. is a particularly high-profile example of a country where a long-standing preference for investments in local markets appears set to be transformed.
Click the thumbnail below to download the global executive summary.
Read additional articles from The EIU with detail on the shifting landscape of global wealth in Asia, Canada, the U.S. and UK on RBC's website.
Fintech in ASEAN
To better understand the opportunities and challenges in developing a fintech business in seven ASEAN markets, The Economist Intelligence Unit conducted wide-ranging desk research supplemented by seven in-depth interviews with executives in Australia and ASEAN.
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Read our Taxing digital services, U.S. tax reform: The global dimension, & Planning for life after NAFTA articles by clicking the thumbnails below.
A new Euro vision: the young donors disrupting philanthropy
“We need to engage the left and the right side of the brain,” says Alexandre Mars, a Paris-born technology entrepreneur and founder of Epic Foundation. “That’s life today. It is all about the mix between something very structured and something fun that has meaning.” This approach, Mr Mars believes, is the key to appealing to a millennial generation of philanthropists who want to have their cake and eat it, too.
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The shifting landscape of global wealth: Future-proofing prosperity in a ti...
In some instances the impact of this shift will be shaped by local factors, such as demographic changes. In other instances this shift will reflect shared characteristics, as demonstrated by the greater popularity of overseas investing among younger high-net-worth individuals (HNWIs) brought up in an era of globalisation. Whatever the drivers, the landscape of wealth is changing—from local to global, and from one focused on returns to one founded on personal values.
Despite rising economic concerns and a tradition of investor home bias in large parts of the world, the new landscape of wealth appears less interested in borders. According to a survey commissioned by RBC Wealth Management and conducted by The Economist Intelligence Unit (EIU), younger HNWIs are substantially more enthusiastic about foreign investing. The U.S. is a particularly high-profile example of a country where a long-standing preference for investments in local markets appears set to be transformed.
Click the thumbnail below to download the global executive summary.
Read additional articles from The EIU with detail on the shifting landscape of global wealth in Asia, Canada, the U.S. and UK on RBC's website.
Fintech in ASEAN
To better understand the opportunities and challenges in developing a fintech business in seven ASEAN markets, The Economist Intelligence Unit conducted wide-ranging desk research supplemented by seven in-depth interviews with executives in Australia and ASEAN.
Download report and watch video interview to learn more.
Risks and opportunities in a changing world
Read our Taxing digital services, U.S. tax reform: The global dimension, & Planning for life after NAFTA articles by clicking the thumbnails below.
Zhang Xin, Soho China CEO on philanthropy in China
Zhang Xin, Soho China CEO on philanthropy in China
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The shifting landscape of global wealth: Future-proofing prosperity in a ti...
In some instances the impact of this shift will be shaped by local factors, such as demographic changes. In other instances this shift will reflect shared characteristics, as demonstrated by the greater popularity of overseas investing among younger high-net-worth individuals (HNWIs) brought up in an era of globalisation. Whatever the drivers, the landscape of wealth is changing—from local to global, and from one focused on returns to one founded on personal values.
Despite rising economic concerns and a tradition of investor home bias in large parts of the world, the new landscape of wealth appears less interested in borders. According to a survey commissioned by RBC Wealth Management and conducted by The Economist Intelligence Unit (EIU), younger HNWIs are substantially more enthusiastic about foreign investing. The U.S. is a particularly high-profile example of a country where a long-standing preference for investments in local markets appears set to be transformed.
Click the thumbnail below to download the global executive summary.
Read additional articles from The EIU with detail on the shifting landscape of global wealth in Asia, Canada, the U.S. and UK on RBC's website.
Fintech in ASEAN
To better understand the opportunities and challenges in developing a fintech business in seven ASEAN markets, The Economist Intelligence Unit conducted wide-ranging desk research supplemented by seven in-depth interviews with executives in Australia and ASEAN.
Download report and watch video interview to learn more.
Risks and opportunities in a changing world
Read our Taxing digital services, U.S. tax reform: The global dimension, & Planning for life after NAFTA articles by clicking the thumbnails below.