Asian families with children studying in the U.S. join a next-generation mentorship program.

[01:40]

"So that's a lot on the plate but also we run next generation mentorship program because some of our clients and prospective clients they have their kids studying here and working here um, the age of 20 to 35."

[02:07]

"And also, we get them together and to discuss topics like family wealth stewardship, um, you know, business environment in US, um, all the way to, uh, succession."

[00:38]

"So we are boutique family office advisory that we build the bridge and we help to connect Asian capital with investments in US. Um so we are we actually because from the background that I was with uh 11 years in total with two single family offices."

Full transcript

I would like to thank Single Family Office Summit. Um this has been my fourth time I think on a stage and three years ago thank you Richard for your support. I was still with the Single Family Office that I was working with. And today on the stage I have a different identity because now I'm actually running my own family office advisory firm which is started a year ago and now we have onboarded three families all from all from Asia.

Um and we're doing great. So we are boutique family office advisory that we build the bridge and we help to connect Asian capital with investments in US. Um so we are we actually because from the background that I was with uh 11 years in total with two single family offices. I've been involved in industries like oil and gas, media, sports and health care.

So right now the three clients that actually we have one is from oil and gas and the other is a renewable and the third one is actually in retail tech. Um so we have the mandates that we help them to allocate and give advice but not the ultimate decision making. They have to do it by themselves and connect them with meaningful investment projects and also we're actually helping with onshoring two of the families business in US. So that's a lot on the plate but also we run next generation mentorship program because some of our clients and prospective clients they have their kids studying here and working here um, the age of 20 to 35.

So, we actually run a program and we help for looking helping them to look for internship opportunities in finance industries. And also, we get them together and to discuss topics like family wealth stewardship, um, you know, business environment in US, um, all the way to, uh, succession. But, I don't think that is, uh, what they're looking for because when we got together, uh, in fact, two nights ago, we just had a very intimate dinner. So, we just want to create a safe space for them to discuss their concerns and meet with people of their kind.

Um, so, for, um, investments, uh, we are right now, um, the last month, we have, uh, mandates from Hong Kong family office on allocation of Anthropic and SpaceX. I actually don't blame them because, um, it has been very intense. And, you know, honestly speaking, we don't like this kind of last minute, uh, a lot of back and forth. Um, I usually go to bed at 1:00 a.m.

Because we have to accommodate. Um, but then, uh, when I look at, um, investments, we often reflect on three levels, okay? First is the level of trust. Because there we do a lot of cross-border, we do a lot of, not only translation, but also interpretation. So, when the news travel that far, uh, usually, um, Asian families do not like downside risk.

So, when there are a lot of, uh, people that approach us say, "Hey, do you want to do private credit? Would you like to get into some private deals?" I say, "I'm sorry, because the principal, they're back there in Asia, they would never understand what we're doing here. So, better just stick with secondary market or big brands like Anthropic or SpaceX, right?"

And then, the second part I was think because of the geopolitical environment we are right now in and and also although most of the assets are still allocating US dollars, however, there is actually a big elephant in this room that we're not discussing. It's actually the debt problem. And that actually posed a lot a risk of depression or coming the weakening of the US dollars in the long term. And so now we're seeing a lot of diversification not only in currencies, but actually across different regions.

And some of you, if you're interested in the what's happening back in Asia, let me tell you. The Chinese government end of last year has just pushed 140 billion dollars into venture capitals. And most of these companies their exit will actually be with the Hong Kong Stock Exchange. So that's one hint that we're giving you. Thank you.

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