Redbridge Debt & Treasury Advisory’s Post

🌏 Asia’s Family Office Frenzy: Beware of Imposters 🌏 As Asia's wealth management industry booms, so do allegations of fake family offices from Singapore to Hong Kong. This rapid growth is forcing industry professionals to go "full CSI" to identify and eliminate imposters. Vigilance and thorough verification are now more crucial than ever. Read More: https://lnkd.in/gNXhYe8U #FamilyOffice #WealthManagement #Asia #Singapore #HongKong #FinancialSecurity #IndustryTrends #DueDiligence

Why do we, as a community, so often overlook local businesses? https://lnkd.in/gxsbRJ4g 🔗 Guernsey’s companies are doing fantastic things globally, yet we often see scepticism towards home-grown solutions. What’s stopping us from fully embracing our local business community? Have you experienced this ‘local vs global’ mindset? Share your thoughts! 🌍 #Guernsey #localbusiness #opinion

As Edoardo Collevecchio prepared to speak at a Singapore conference, he uncovered a fraud among the panelists. The impostor was swiftly removed, shedding light on a growing issue in Asia: fake family offices. From Singapore to Hong Kong, Asia's ultra-wealthy face a perplexing problem: fake family offices. "The family office space has become so big, it’s attracting legitimate players but also people trying to make a quick buck or hustle,” said Collevecchio of Oppenheimer Generations Asia. These impostors are forcing many in the sector to play detective. Messaging groups once used for social gatherings now double as vigilante networks. “You do a round of WhatsApps and everyone says ‘don’t trust this person,’” Collevecchio noted. Industry players cite three main challenges: low entry barriers, secrecy, and lack of regulation. Joe Qiao, CPA, PMP of Globaltec Capital explained, "The entry barrier is low, founders’ wealth is often private information, and it’s hard to do due diligence." Francois Botha of Simple added, "This industry lends itself to frauds since it’s built on secrecy." Rena Chai, the executive director of the Family Business Network (FBN) Asia, had to reject several questionable firms from her conference in Singapore last month. She suspected many were service providers or investors trying to win over clients by pretending to be family offices. “We don’t have a clear definition of what a family office is,” said Marta Widz, professor at the SDA Bocconi School of Management in Milan. “It’s become another way of attracting wealth — governments would speak about ultra high net worth individuals or billionaires in the past, and now family office is a buzz word.” “Most families would not want to have that visibility — the more money I have, the less I want to be on a register,” LH Koh, head of global family and institutional wealth for Asia-Pacific at UBS Group AG, said during a family office report launch. “That’s why it’s very difficult for us - not just the banks — to really pin down the population size of family offices.” Despite these challenges, Collevecchio believes the sector will self-correct. "It doesn’t prevent people from playing in the space or engaging in fraud. But over time, the system is fairly self-correcting," he said. #Growth #FamilyOffices #PrivateWealth #Disclosure #Compliance #Transparency #Accountability I Bloomberg News I David Ramli I Lulu Chen I Claire Ballentine

[𝗖𝗵𝗿𝗶𝘀𝘁𝗶𝗮𝗻 𝗥𝗼𝘁𝗵 𝗼𝗻-𝘀𝘁𝗮𝗴𝗲 𝗮𝘁 𝟮𝟬𝟮𝟰 𝗜𝗥 𝗚𝗹𝗼𝗯𝗮𝗹 𝗮𝗻𝗻𝘂𝗮𝗹 𝗰𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲] We are proud to share that Christian Roth recently spoke at the prestigious IR Global Annual Conference, joining an inspiring on-stage conversation with IR Global founder, Tom Wheeler. As a Gold member, with a long history within the IR Global network, Christian Roth focused on key issues such as the growth of IR Global and its key role in: > shaping modern legal practice  > facilitating connection and collaboration between members > promoting the development of the practice At rothpartners, we firmly believe that IR Global is not just a network—it is an integral part of how we deliver optimal advice and world-class support to our clients, wherever they are in the world. We extend our gratitude to IR Global for organizing such insightful events and building a global community of trust, excellence, and innovation. Tom Wheeler + Ross Nicholls + Rachel Finch + Rebecca Benbow Christian Roth + Alexander Roth + Charlene Russo + Marine Lafaurie #IRGlobal #IRPARIS24 #TheBigPictureParis #legalpractice #rothpartners 

The British Chamber of Commerce for Luxembourg's new global campaign, " 𝗪𝗵𝗲𝗿𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗕𝗲𝗹𝗼𝗻𝗴𝘀 " is a campaign that aims to provide a powerful platform for businesses to come together, drive growth, and make a real difference in the market. As part of this campaign, we will spotlight our members on social media channels who have also answered three short questions for us! We asked Jean-François Findling, Managing Partner at Baker McKenzie Luxembourg What motivated you to join the British Chamber of Commerce Luxembourg? What is the hottest topic in your business right now? What is the best piece of business advice you have received? 👉https://lnkd.in/eJz_bB6j #wherebusinessbelongs

Values at the Heart of Wealth: In the intimate warmth of family gatherings, we're reminded that the true wealth of a family office lies not just in assets, but in the shared values and humility that bind us. As we come together in this Dragon Year, let us recommit to nurturing both our financial legacy and our human connections. #FamilyOffice #FamilyValues #HumanityInBusiness #Xinergee #Malaysia #familyoffice #familyofficemalaysia

🌏 Expanding Horizons: Oversea Exchanges that Shape Global Business Insight, Ruhi Here’s Ruhi Jain's experience from her exchange in #London! During her visit, Ruhi collaborated closely with the UK team, gaining valuable insights from the London office. Let’s take a look at what she accomplished and her reflections on the exchange. #Hantec #BusinessInsight #CultureExchange #GlobalStrategy

On Nov. 5, Greenberg Traurig and KL Discovery will cohost a seminar titled, “Why Companies Are Moving to Texas: Key Points for Managing Overseas Branches" in Toyko, Japan. GT Attorneys C. Mark Stratton, Craig Duewall, Yuji Ogiwara, Ippei Suzuki, and Shuhei Mikiya will speak at the seminar. The seminar will feature lectures on topics including: 🎯Current trends in relocating headquarters (HQ) functions, including those of US companies 🎯Regulatory environment in Texas (in light of the presidential election) 🎯Quality of life and environment (immigration from Japan and California, differences in living environments) 🎯Reasons for US companies to relocate their headquarters functions to Texas or other states, advantages and disadvantages 🎯Successful examples of US headquarters function relocation (venue only) 🎯Future developments and a lot more. 📖 Learn more about the event: https://buff.ly/3Uu9Uw4. #GTNews #GTTokyo #Texas #Overseasbranches #Relocation

4,7 Mn individual investors in Germany: reporting season of publicly listed companies   Under German corporate law, each and every investor of a publicly listed company is invited to the respective general shareholder meeting. Pre-COVID, there even were stories about a specific tourism sector: predominantly seasoned and thus very experienced individuals traveling the country for free coffee and interesting pastime in these business gatherings. With face-to-face meetings now becoming reinstalled, we might see a revival.   But apart from these special visitors, the reporting season serves, of course, several important purposes: informing the shareholders and offering the opportunity to ask the top management direct questions. I did not find any statistics about the effectiveness and the value-add of those interactions, though ... #datadriven #media #shareholder

The Top Private Companies may vary in size and scope, but each entity has helped to shape the business environment in New Mexico into what it is today.