13/03/2026
Geopolitics, regulation and generational transition reshape private wealth
Read the full article: https://lnkd.in/gWMy9k5k
Private wealth management is entering a more fragmented phase as geopolitical risk, regulatory complexity and generational transition reshape how capital is structured, invested and governed. Banks and family offices are increasingly reassessing portfolio construction, governance and cross-border strategies to adapt to a more uncertain global environment.
Key takeaways:
🔹 geopolitical risk is now embedded into long-term portfolio allocation strategies
🔹 demand for transparent, well-regulated booking centres is rising
🔹 alternatives, commodities and real assets are gaining larger allocations
🔹 collaboration between private banks and family offices is increasing
🔹 next-generation wealth holders are driving transparency and digital expectations
Lok Yim, Regional Head of HSBC Private Bank Asia Pacific, said global entrepreneurs increasingly require clearer risk articulation as geopolitical shifts affect cross-border wealth. Dr. Andrew Lo, Head of Family Advisory North Asia at UBS Global Wealth Management, noted that geopolitical risk is now a structural factor in asset allocation, often increasing allocations to alternatives and real assets.
Industry participants including Kenny Ho, Managing Partner and Founder of Carret Private Capital Limited; Jessica Cutrera, Co-Founder and Co-CEO of Leo Wealth; Jim Kwok, CEO and Co-Founder of Topaz Family Office Limited Office; and Ken Peng, Head of Investment Strategy APAC at Citi Private Bank, highlighted the growing importance of governance frameworks, liquidity management and diversified portfolios as wealth transitions across generations.
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