Artificial intelligence has become an increasingly popular theme for home offices in Singapore and home offices across Asia, LH Koh, head of global home and institutional wealth at UBS, said at a NebraskaDailyNews Converge Live event in Singapore last month.
“Our home office clients are probably the most interesting and important area,” he said in a conversation with NebraskaDailyNews’s Robert Frank.
Koh, whose clients are located in the Asia-Pacific region, believes that “the trend of focusing on AI will continue.”
He quoted a 2024 UBS Survey This finds that over the next two to three years, more than three quarters of families are eager to invest in generated AI.
Tuck Meng Yee, founder and partner of JRT Partners, a single-family office, responded to Koh’s comments.
NebraskaDailyNews’s Robert Frank talks with guests who come together with NebraskaDailyNews in Singapore.
NebraskaDailyNews
Yee’s company adopts a “donation style, multi-asset” approach, and he said he is paying close attention to the data classification aspects of AI topics.
In this field, his investments include Armenian software development company Cognaize.
Another company invests in construction technology company Consai, which has offices in Qatar and Poland.
AI in China
Home offices have also been seeking opportunities in the field of artificial intelligence in China.
The emergence of DeepSeek has prompted China to “do more things, especially in AI, that they can use more. So, I think it’s very exciting.”
UBS’s Science also pointed out: “There is still a very interesting space for investors to emerge in a new passion that will emerge in China (AI industry).
In view of its slowdown, investor interest in China has declined in recent years, but that may change soon.
Kumar noted that in light of its domestic challenges, China has constituted a “small portion” of investors’ portfolios in recent years. However, he added that there have been changes and investors seek opportunities in the country Beijing’s stimulus measures could boost China’s economic and technical sectors.
“For us, I think when we talk about other home offices, they say, ‘Well, can we reinvest in China?’ I think (the interest in China) will certainly increase,” Kumar said.
Previously, 40% of his portfolio was invested in the United States, 40% in India, and the remaining 20% were in the rest of the world.
Kumar said now, he is looking at China “more” in investment opportunities in the public market and technology sectors.
(Tagstotranslate) Singapore (T) China (T) UBS Group AG (T) Breakthrough News: Technology (T) Technology (T) Business News
