Originally published: Wealth Briefing Asia, 27 September 2024
Ocorian, a provider of services to high net worth individuals and family offices, financial institutions, asset managers and corporates, has just released a new study based on interviews with over 300 family offices.
Family offices are stepping up their focus on governance, with 86 per cent of respondents citing having the right governance in place as their biggest challenge, as regulatory demands and multi-jurisdictional complexities grow, new global research from Ocorian reveals.
In July 2024, Ocorian commissioned independent research company Pureprofile to interview more than 300 family office professionals managing a combined $155 billion in assets, including 201 working for multi-family offices. The global study interviewed family offices in Bahrain, Bermuda, Canada, France, Hong Kong, Nigeria, Saudi Arabia, Singapore, South Africa, the United Arab Emirates, the UK, the US, Cayman Islands, Egypt, Ethiopia, Germany, Ireland, Italy, Kenya, Spain, Sweden, Switzerland, Tunisia, Jersey and Guernsey
