"I hope they invest in the local ecosystem and not just in financial assets. The benefit of being wealthy is you can do what you want. Instead of a Lamborghini, can you invest in public art and public education? Can you invest in sports and things that a lot of people can enjoy? That improves the quality of life in the city and the people around you. It’s not just for your personal benefit. Hopefully, we build more robust and deep capital markets, which are things that New York and London have had a stranglehold on, and it would be great to be able to shift some of that center of gravity out to Asia." - Shiyan Koh
"In the short term, family offices will continue to go up. So this problem-issue-uplift is going to continue because it's a function of Singapore working hard to attract wealth both from Europe and the US, and from China as well. That's going to continue in the next few years. I think more jobs will be created because more family offices will start to hit their two to three- year timeline to start hiring local professionals. That will start emerging as its own vertical." - Jeremy Au
"Every family is different. One of the concerns people have going to work for families is how much decision-making authority they will have. Ultimately, is everything going to be decided by the principal or will you have the latitude to build a more institutional investment process and committee? At the same time, there is an incredible opportunity in working with families that want to be aggressive, want to diversify, and build new platforms.I’ve seen friends come out from institutions to help bigger families build new verticals." - Shiyan Koh
In this episode, Jeremy Au speaks on family office investment dynamics, conspicuous consumption versus social inequality, and redefining local.
Keywords: Family Office Investment Dynamics, Conspicuous Consumption, Social Inequality, Redefining Local, VC, Thought Leadership
