Landmark Family Office sets up global headquarters in Hong Kong

HONG KONG — Landmark Family Office (LFO), a private multifamily office, announced the establishment of its global headquarters in Hong Kong as the city’s authorities aim to attract at least 200 family offices by 2025 with a series of incentives.

LFO’s move to pick Hong Kong as its global headquarters comes as the government is trying to transform the city into a global hub for family offices. The announcement was made on Monday.

The Hong Kong government in March introduced a series of measures, including a revamped investment migration scheme, new tax concessions and other incentives, to lure family offices to set up shop in the city. The tax concession scheme, which benefits qualified transactions of family-owned investment holding vehicles managed by single-family offices in Hong Kong, came into effect on May 19.

These family office-oriented measures are part of efforts by the Chinese special administrative region to restore business confidence and investor allure after capital and investors fled to rival financial hubs like Singapore due to strict COVID-19 rules and increased geopolitical uncertainties over the last few years.

The number of single-family offices in Singapore reached 1,100 as of the end of 2022, up 57.1% from 700 a year earlier, the Monetary Authority of Singapore revealed in its annual report published on July 5.

Incorporated in Hong Kong in 2022 to serve founding families and independent clients, LFO is led by Chief Investment Officer Andrew Sharrock, an ex-Asia Pacific CIO at U.S. custodian bank State Street, and CEO Cameron Harvey, who previously held senior management roles at companies across the Asia-Pacific region including UBS and BNP Paribas.

LFO started operations in January this year and has already built offices in Hong Kong and Sydney. The company wants to expand to Singapore and the Middle East in the near future, it said in a statement.

Through the Hong Kong headquarters, LFO is looking to leverage its strategic location to provide a suite of tailored family office solutions centered around investment management across traditional and alternative asset classes.

LFO’s decision to anchor the business in Hong Kong comes from the founding members’ confidence in the city’s “regulatory environment” and “strong government support for the family office sector,” said Sharrock in the statement.

These favorable factors provide “an optimal ecosystem for our family office setup,” said Sharrock. “The family office industry in Hong Kong is developing at a rapid pace, with increasing demand for bespoke sophisticated wealth management solutions for ultra high net worth families and individuals.”

With a team experienced in areas including asset management, private equity, legacy planning and family governance, LFO operates under a private multifamily office model that differs significantly from the typical external asset manager models that are prevalent in the market.

It places a primary focus on investments and asset management to build out a personalized approach for every client, versus the current mainstream approach of relying on the recruitment of relationship managers, and by proxy their clients, from private banks.

Image by: Landmark Family Office

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.