Dunhill Ventures plans to establish its Family Office Network in Hong Kong, enhancing the city’s wealth management status as the preferred hub for affluent investors in Asia, which follows the network’s recognition of the warm reception it received in the region.
Dunhill Ventures has announced its intention to establish the Dunhill Family Office Network in Hong Kong, a strategic move that aligns with the city’s ambitions to reinforce its status as a premier wealth management hub in Asia. The network, which encompasses a community of numerous affluent investors, is actively considering various locations throughout Asia for the creation of a social clubhouse intended to facilitate in-person member events, with Hong Kong emerging as a leading candidate. Natalie Torin, the Managing Director of Dunhill Ventures, expressed enthusiasm about the positive reception the network has received in Hong Kong, stating, “We want to actively bring ventures interested in the region to [set up in] Hong Kong, from hi-tech companies ready for an international company base to other areas like sustainability, education, healthcare.” This initiative follows her participation in the SCMP’s Redefining Hong Kong: Family Office conference held recently. Dunhill Ventures, headquartered in London and directed by Piers Dunhill, a descendant of the original tobacconist Alfred Dunhill, aims to leverage Hong Kong’s unique position as a business nexus in Asia. The city currently accommodates approximately 2,700 single-family offices, over half of which manage assets exceeding US$50 million, as noted by Joseph Chan Ho-lim, the Under Secretary for Financial Services and the Treasury. The establishment of the Dunhill Family Office Network signifies yet another endorsement of Hong Kong’s enduring appeal as a vibrant wealth management center, following a continuous influx of family offices targeting the region’s extensive opportunities in diverse sectors.
The establishment of Dunhill’s Family Office Network in Hong Kong is notable within the context of the city’s ongoing efforts to enhance its global status as a center for wealth management. The family office concept has been gaining traction globally, particularly among the ultra-high-net-worth individuals who manage substantial assets through dedicated investment vehicles. In light of these trends, Hong Kong has successfully attracted many family offices and investment-related entities, ensuring its position as an influential financial hub in Asia.
In summary, the decision by Dunhill Ventures to set up its Family Office Network in Hong Kong underscores the city’s strategic importance for wealth management in Asia. With a vibrant community of wealthy investors and an existing framework of family offices, Hong Kong is poised to benefit from additional investment ventures that seek to capitalize on the region’s potential across various industries. The initiative reflects a broader trend of increasing interest in Hong Kong’s business landscape by international financial networks.
Original Source: www.scmp.com
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