One of the most rewarding aspects of our work as a leading Asian multi-family office is helping families, each with their unique stories and histories, safeguard and grow their fortunes earned through years of hard work and perseverance. No less profound, however, are the stories of intricate disputes and unforeseen conflicts families encounter as they embark on the journey of legacy planning. Intergenerational wealth transfer in the ultra-high net worth space is more often than not a deeply complex matter. The safe and smooth passage of funds often relies on a family’s success in resolving differences in multiple areas, from financial interests, asset ownership and distribution, to investment and business decisions and philanthropic activities. At Raffles Family Office (RFO), we have seen how disputes and conflicts resulting from these matters can lead to lost value, but also the immeasurable loss it broken bonds, damaged relationships and frayed emotions. For these reasons, managing and mitigating family disputes are among the most important things we do as a business.
The ability to navigate these risks is in fact one of the key attractions to engaging a multi-family office such as ours, which prides itself on offering highly bespoke solutions. As such, clients not only receive informed financial advice, but also advice on managing the personalities, preferences and peculiarities within a complicated family structure in a way that helps them retain and growth their wealth. And it was with this in mind that we selected the inaugural members of our Independent Advisory Board (IAB), a new body of external advisors that we created to support the management of wealth within complex family structures and pursuit of philanthropic endeavors for our clients.
Advisor to Asia’s most trusted household name
Christina Lau joins the IAB from a background in professional consulting, having advised multiple businesses within the banking, asset management, insurance, real estate and TMT industries for over 20 years. Christina is currently a Board Advisor of Infinitus Property Investment of LeeKumKee Health Product Group, with a focus on Risk Management and Resilience. She is also a Board Advisor of the Hong Kong Federation of E-commerce on Operational Risk, and the Honorary Risk Management Advisor for the Asian CEO Community.
Change-maker in every sense
David Chang brings with him extensive experience not only as a banking and finance industry veteran, but as an active contributor to local community work. Mr Chang is currently the Senior Advisor to Franklin Templeton in the Greater China region, where he was previously CEO and Regional Head of Greater China. Mr Chang also holds leadership roles at Hong Chi Association, a non-profit organisation in Hong Kong dedicated to serving people of all ages and all grades with intellectual disabilities.
Governance as a support mechanism
In working through complex situations, the expertise of our relationship managers and IAB members will always be paramount – but agreements and protocols can also help save a world of hassle. For that reason, RFO also supports its clients with a full suite of governance solutions, ranging from the development of family constitutions to the creation and management of investment governance guidelines.
About Christina Lau
Christina Lau has a consulting background, having advised multiple businesses within the banking, asset management, insurance, real estate and TMT industries for over 20years. She is currently a board advisor at Infinitus Property Investment of LeeKumKee Health Product Group, where she focuses on risk management and resilience. She is also a board advisor of the Hong Kong Federation of E-commerce on Operational Risk and is an honorary risk management advisor for the Asia CEO Community.
About David Chang
David Chang is a banking and finance industry veteran, and actively involved in community work. Mr Chang is currently a Senior Advisor to Franklin Templeton in the Greater China region, where he was previously CEO and Regional Head of Greater China. Mr Chang also holds leadership roles at Hong Chi Association, a non-profit organisation in Hong Kong dedicated to serving people of all ages and all grades with intellectual disabilities.