Asia-Pacific's Single Family Offices to Hit 3,200 by 2030, India Shines Bright
Click to start listening
Synopsis
A recent report indicates that single-family offices in the Asia-Pacific region have surged to 2,290, with projections to reach 3,200 by 2030. India is emerging as a significant player, experiencing rapid growth in family offices driven by a rise in ultra-high-net-worth individuals and evolving investment needs.
Key Takeaways
- The Asia-Pacific single-family offices grew to 2,290.
- Projected growth to 3,200 offices by 2030.
- India's family offices increased from 45 in 2018 to nearly 300.
- Generational wealth transfer fuels this trend.
- AI and digital innovation are vital for competitiveness.
New Delhi, April 21 (NationPress) In the Asia-Pacific region, the count of single-family offices has reached 2,290, marking a remarkable 28 percent increase since 2019. This region is projected to outstrip North America, growing by 40 percent to achieve 3,200 offices by 2030, as indicated by a recent report. Notably, India is experiencing a similar transformation.
A rising number of ultra-high-net-worth individuals and startup entrepreneurs in the country are opting for institutional family office models to handle wealth and succession planning, as per a white paper published by Lighthouse Canton, a global investment firm.
The latest industry analysis reveals that the number of family offices in India has increased nearly seven-fold over the past six years, jumping from 45 in 2018 to almost 300 expected by 2024.
This surge is driven by the nation's flourishing startup ecosystem and the transfer of generational wealth, prompting many Indian families to seek institutional-grade investment strategies and governance frameworks, the report elaborated.
“The family office landscape in India is at a pivotal moment. As families adapt their investment perspectives and prepare for generational shifts, the necessity for institutional structures has become paramount,” remarked Sumegh Bhatia, MD and CEO of Lighthouse Canton in India.
This evolution extends beyond mere asset management; it’s about establishing enduring structures that are aligned with purpose, governance, and stewardship.
“We foresee that family offices in India will increasingly influence the nation’s capital markets, entrepreneurial scene, and philanthropic areas,” added Bhatia.
This trend also highlights the escalating role of AI and digital innovation as essential tools for multi-family offices to maintain their competitive edge. With the emergence of new family office patrons across Asia, digital transformation is anticipated to become crucial by 2028.
The white paper examined vital components of an institutional approach for families, including how these family office structures can aid in creating systematic and scalable investment and specialized services, attracting and retaining top-tier talent, and utilizing technology efficiently to enhance and consolidate reporting for multi-asset portfolios, manage risks, and boost transparency for families.
It also addressed the challenges of navigating evolving risks and regulatory frameworks across various jurisdictions and global asset distributions.
