Family offices look to hire outside talent

Changing generations: People take photos at the Merlion Park in Singapore. A survey shows 43% of family offices in Asia-Pacific are shifting to more professional staff. — AP

SINGAPORE: Single family offices (SFOs) in the Asia-Pacific, including Singapore, are recognising increasingly that such offices are sometimes best led by a professional from outside the family office.

This was one of the insights from an inaugural family office report from Deloitte Private and Raffles Family Office.