Asia’s Private Wealth Landscape: Insights from London

The event began with a regional update from Yiow, followed by an insightful discussion exploring the key drivers shaping Asia’s private wealth landscape, emerging opportunities and how international finance centres (IFCs) such as Jersey can continue to support the needs of internationally mobile families.

The Asia market continues to experience rapid growth in the private wealth sector, driven by a surge in new family office structures, particularly across South East Asia. Despite the tightening of rules and AML requirements, Singapore remains a key hub for the Asian market, supported mainly by its favourable business and investor-friendly regime. Malaysia also recently introduced its new single family office tax incentive scheme in late 2024 and it has also started to resonate with family offices in the region as well as globally.

As Asian families expand their global footprint, their wealth strategies are also becoming more complex and internationally oriented. Multi-jurisdictional planning is increasingly standard practice, motivated by geopolitical shifts, asset protection and lifestyle preferences. While many families now engage multiple advisers across different jurisdictions, this often occurs without a centralised or cohesive long-term strategy. This fragmented approach can present challenges around coordination, efficiency and long-term governance,l underscoring the importance of education and guidance to help families fully understand their structures and make informed, future-focussed decisions.

Cultural considerations remain an important factor in this market, with many families across Asia preferring to retain a degree of control over their structures. This preference often shapes how trust and governance solutions are designed. Jersey’s flexible trust framework, supported by its breadth and depth of professional expertise, is well-positioned to accommodate these needs and delivers tailored solutions that align with family values and long-term objectives.

At the same time, with the Great Wealth Transfer well underway, the next generation brings added complexities – often holding different values, risk appetites and increasingly global footprints. This shift is accelerating the move towards more institutionalised, professional wealth management, and reinforces the need to prioritise professional advice that integrates legal, tax and fiduciary considerations with an understanding of intergenerational dynamics.

According to the Henley Private Wealth Migration Report 2025, the UK is forecast to see an exodus of 16,500 HNW individuals in 2025, driven by reforms to the non-domiciled tax regime.

However, despite the ongoing political and regulatory developments in the UK, our roundtable attendees shared some optimism and noted that the market continues to appeal to Asian families, particularly in the commercial real estate space.
An increasing number of families are re-engaging with the UK through the next generation, which often leads to longer-term business interests and residency plans. This evolving dynamic presents new opportunities for Jersey to support these families and their cross-border ambitions. Jersey’s close ties to both the UK and Asia position it well to support inbound investment and provide trusted, long-term solutions for internationally minded families.

The roundtable closed with a shared view that there is a need for increased collaboration between leading IFCs. In today’s complex and interconnected environment, no single jurisdiction can provide a comprehensive solution. Jersey’s role as a trusted partner particularly in conjunction with jurisdictions such as Singapore, Dubai and London will be increasingly important.

With its robust legal infrastructure, political and economic stability and internationally respected trust and fiduciary expertise, Jersey is well placed to support the evolving needs of the Asia market and to play a key role in cross-border wealth structing across the region.

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