Governance, staff, decisions, source records
Hong Kong or Switzerland
Hong Kong family office or Swiss private bank?
A Swiss private bank can be a strong custody and investment relationship. A Hong Kong family office is different: it is a governance, control, source, bank, and family-decision structure for assets and operating interests centred in Asia.
Custody, reporting, investment relationship
01Structure
02Relationship
03Decision record
Structural question
Does the family need an investment banking relationship, or a family office structure that carries decisions, source records, and Asia control?
Bank relationship
A Swiss private bank may provide custody, investment access, reporting, and relationship banking; it does not replace the family governance structure.
Family office
A Hong Kong family office may carry investment decisions, staff, governance, source records, bank files, and family-control discipline.
Asset corridor
Swiss custody may fit global portfolios; Hong Kong may fit Asia operating companies, Hong Kong banking, succession, and family business control.
Substance
A family-office claim needs staff, decisions, operating records, and advisor coordination, not just a bank relationship.
Relationship or structure file
Swiss private bank
Custody, investment relationship, global portfolio reporting, Swiss regulatory perimeter, and relationship banking led by the bank.
Hong Kong family office
Single family office, FIHV or holding structure where facts support it, staff and decision record, Hong Kong bank corridor, family governance, and source file.
Decision file
Asset mix, family residence, operating companies, investment mandate, bank relationships, governance needs, tax counsel, and source evidence.
What AGATE prepares
Need split
Separate custody and investment service from governance, source records, structure control, family succession, and operating company oversight.
Asset map
Map listed investments, operating companies, real estate exposure, private deals, trusts, foundations, and bank relationships.
Family office file
Document decision authority, staff, operating expenditure, investment mandate, family governance, bank narrative, and advisor roles.
Bank coordination
Coordinate Swiss and Hong Kong banking relationships so each bank receives the source and structure file it needs.
Common questions
Can a Swiss private bank replace a Hong Kong family office?
No. A Swiss private bank can provide custody, investment service, reporting, and relationship banking.
A Hong Kong family office is a governance and control structure: who decides, where staff sit, how investments are approved, what source records exist, and how the family manages Asia assets and succession.
When does Hong Kong fit better?
Hong Kong fits better when the family has Asia operating companies, Hong Kong or North Asia bank relationships, China or regional assets, active family governance, private deals, or a FIHV and single family office plan that can meet the substance expectations.
What does AGATE review?
AGATE reviews the Hong Kong family office, source records, banking readiness, control architecture, advisor coordination, and refusal posture. Swiss banking, custody, and Swiss tax questions belong with the bank and qualified Swiss counsel.
Official sources
- IRD FIHV Tax Concessionwww.ird.gov.hk/eng/tax/bus_fihv.htm
- Family Office Hong Kong (InvestHK)www.familyofficehk.gov.hk/
- Hong Kong Monetary Authoritywww.hkma.gov.hk/
- Swiss Financial Market Supervisory Authoritywww.finma.ch/en/
Discuss your structure
If the choice is framed as Hong Kong versus Switzerland, first separate banking relationship from family-office structure. Send the asset map, bank relationships, family roles, source file status, operating companies, and advisor list for private review.
No anonymous nominee work, no false substance, no bank misrepresentation, and no claim of universal asset protection.