Hong Kong’s Bid to Become Asia’s Family-Office Hub Gains Traction as Global Summit Attendance Soars

Efforts to attract family-offices to Hong Kong are gaining momentum, as evidenced by summit participation. The conference saw a turnout of 150 participants, indicating the city's ongoing endeavors to foster a skilled workforce and solidify its position as Asia's central location for family-offices.

Hong Kong's commitment to attract family offices to establish their businesses in the city has witnessed an escalating interest. This is clearly reflected in the size of the most recent conference organized by the Hong Kong Academy for Wealth Legacy.

The government-launched organization, tasked with bolstering the city's reputation as a worldwide center for family-office operations, is holding a private three-day conference from Thursday to Saturday, succeeding its first event in May. On Friday, about 150 delegates from family businesses and offices worldwide convened at the Conrad Hotel, exceeding the number of 100 participants from the last event.

The event was attended by notable figures including Jack Selby, who manages the family office of PayPal's co-founder, Peter Thiel, and younger attendees like Miguel "Migz" Magsaysay, a member of a prominent political family in the Philippines, and Kimberly Go, who holds the position of assistant vice-president at her family's JSG Group of Companies also in the Philippines. The event attracted participants from a variety of places such as the United Kingdom, mainland China, and Qatar, to name a few.

"Hong Kong's prime position and one-of-a-kind offering make it a perfect entry point for family offices seeking to seize the prospects in this region of the globe."