UBS's Amy Lo discusses ultra-rich

Amy Lo, UBS

Do cultural differences affect the way ultra-rich individuals from different Asian countries view risk
There is a difference, and it is particularly evident when comparing Hong Kong with emerging markets such as China and India. Hong Kong’s ultra-high-net-worth are relatively sophisticated and have reached a stage where their money is more professionally managed by family offices. China and India are picking up in terms of professionalising their wealth management. One of the main challenges for the ultra-high-net-worth in these two countries is that most of the family wealth is still linked to their own companies. Therefore, diversifying this concentration...