Billionaires are being minted at a slower pace in Asia, but the demand for professionals to manage their wealth remains strong, as contingencies have to be considered. Are family offices able to provide the much-needed service?

SINGAPORE (Dec 13): Chey Tae-won, chairman of South Korea’s third-largest chaebol, SK Group, could see one of the costliest divisions of personal wealth in Asia. According to Forbes, he is the country’s seventh-richest man, with a net worth of US$4.7 billion ($6.4 billion).

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