On November 14, 2024, the Faculty of Finance, City University of Macau held a lecture as part of its finance series at the Ho Yin Convention Center. The lecture featured Mr. Jacky Leung, Founder and Chairman of Royal Family Office. He delivered insightful presentations on the theme "A Brief Outlook of the Family Office Development in Asia".

Guests attending the forum included Dean of the Faculty of Finance Professor Adrian Cheung, and Associate Dean Eva Khong. Mr Jacky Leung is the Founder and Chairman of Royal Family Office, primarily responsible for business development in the Greater China region. The Royal Family Office boasts a team of experts in trust, legal, accounting, private banking, and private equity, providing comprehensive and tailored asset management solutions for family offices. Prior to establishing the Royal Family Office, Mr. Jacky Leung served as the Senior Vice President (Family Office) at the Hong Kong Special Administrative Region Government's InvestHK. He has extensive experience in assisting family offices with their establishment and operations in Hong Kong. Before joining InvestHK, Mr. Jacky Leung worked as a private banker at China Merchants Bank, where he provided investment strategies and wealth management solutions for ultra-high-net-worth individuals. Mr. Jacky Leung holds a Master's degree in Business Administration and a Bachelor's degree in Economics and Finance from the University of Hong Kong. He is also a Chartered Financial Analyst and a Certified Financial Risk Manager.

Mr Jacky Leung began his lecture by introducing the definition and types of family offices. He noted that a family office is a professional organization that provides financial management and family affairs management, which can be categorized into single-family offices (serving a single family) and multi-family offices (serving multiple families). The primary functions of a Family Office include family governance, risk management, and wealth planning, typically managed by a professional team responsible for overseeing the family’s investment portfolio, tax planning, wealth inheritance, and charitable affairs. The goal is to provide comprehensive financial and family affairs support to family members, aiming for wealth preservation, growth, and long-term family development. By integrating case studies into succession planning, family offices develop strategies for documenting, analyzing, and preparing for leadership transitions within the family organization, fostering the next generation's interest in the family business. This process facilitates the transfer of industry expertise and family wisdom to future generations. By combining traditional knowledge with forward-thinking contributions, family case studies become dynamic tools for intergenerational dialogue, ensuring a harmonious blend of tradition and innovation within the family framework.

Mr. Jacky Leung emphasized the wealth management services of family offices, as most clients originate from business backgrounds and lack the time or sufficient financial expertise to manage their wealth effectively. Family offices not only provide secure, private, and personalized wealth management, but they also play a crucial role in family legacy and education. Lastly, Mr. Leung shared comparative experiences and case studies related to international wealth management in Hong Kong, Switzerland, Singapore, and Dubai.

This seminar provided students with valuable insights into family offices. Mr. Leung encouraged the students present to actively seek opportunities to engage with the financial industry through financial forums and summits, believing that such practical activities can yield richer real-world experience than textbook knowledge, allowing them to grasp the current state and trends of the regional and international financial ecosystem. His remarks inspired students to further contemplate their future career development, especially in the emerging field of family offices, which offers significant professional growth opportunities. Many students expressed their eagerness for future opportunities within family offices and hope to gain more practical experience and expertise in this area. Through this lecture, students not only deepened their understanding of wealth management and related fields but also clarified the opportunities that the emerging family office sector presents. They look forward to integrating theory with practice in their future learning and professional development to achieve greater value.