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Global ambitions demand better governance, says DBS PB

Lee Woon Shiu, DBS Private Bank.

The growth of multi-jurisdiction family offices is complicating wealth planning matters for Asia’s ultra high net worth families, exposing them to heightened risk, ranging from matrimonial laws to migration to tax, and could ultimately threaten the stability of the family unit if not tackled head-on. “As families become more global, the jurisdictions that they have connections with become more diversified….

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