He regularly flew between Asia and Europe helping his family office and partners hunt for deals. Now, deep in the midst of the economic havoc wrought by the coronavirus outbreak, Yeung is one of many Asian family office executives worried that a rapid recovery is unlikely. Family offices manage the wealth of either a single super-rich clan or a group of wealthy families. To be sure, the hesitation to strike deals doesn't mean Asian family offices and their operating businesses are set to fail en masse. Others still are simply keen to invest, especially family offices in China where the economy is reopening.

Source: The Star April 28, 2020 02:26 UTC