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UOB Private Bank’s next-gen programme stresses importance of AI in family-owned businesses

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QA Engineer • 3 min read
UOB Private Bank’s next-gen programme stresses importance of AI in family-owned businesses
UOB's 2025 next gen programme participants and speakers against the backdrop of this year’s venue, Balliol College, University of Oxford. Photo: UOB
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UOB Private Bank’s next-generation wealth programme for ultra-high-net-worth (UHNW) family businesses is now looking at artificial intelligence (AI)-related components for its clients.

According to Chew Mun Yew, head of UOB Private Bank, up to US$6 trillion ($7.70 trillion) is expected to be transferred to the next generation by 2030 in the Asia Pacific region. Chew, who was referring to a McKinsey report released in September 2024, noted that Singapore and Hong Kong will be the key hubs to facilitate these wealth flows.

This year’s programme, which was held in early August at the University of Oxford and outside of Asia since its launch in Singapore in 2020, explored how AI can be applied to family enterprises.

UOB Private Bank’s next-generation wealth programme for ultra-high-net-worth (UHNW) family businesses is now looking at artificial intelligence (AI)-related components for its clients.

According to Chew Mun Yew, head of UOB Private Bank, up to US$6 trillion ($7.70 trillion) is expected to be transferred to the next generation by 2030 in the Asia Pacific region. Chew, who was referring to a McKinsey report released in September 2024, noted that Singapore and Hong Kong will be the key hubs to facilitate these wealth flows.

This year’s programme, which was held in early August at the University of Oxford and outside of Asia since its launch in Singapore in 2020, explored how AI can be applied to family enterprises.

See also: China’s global income tax crackdown expands beyond ultra rich

UOB Private Bank’s next-generation wealth programme for ultra-high-net-worth (UHNW) family businesses is now looking at artificial intelligence (AI)-related components for its clients.

According to Chew Mun Yew, head of UOB Private Bank, up to US$6 trillion ($7.70 trillion) is expected to be transferred to the next generation by 2030 in the Asia Pacific region. Chew, who was referring to a McKinsey report released in September 2024, noted that Singapore and Hong Kong will be the key hubs to facilitate these wealth flows.

This year’s programme, which was held in early August at the University of Oxford and outside of Asia since its launch in Singapore in 2020, explored how AI can be applied to family enterprises.

See also: Taylor Swift locked in her billionaire status before acquiring music

UOB Private Bank’s next-generation wealth programme for ultra-high-net-worth (UHNW) family businesses is now looking at artificial intelligence (AI)-related components for its clients.

According to Chew Mun Yew, head of UOB Private Bank, up to US$6 trillion ($7.70 trillion) is expected to be transferred to the next generation by 2030 in the Asia Pacific region. Chew, who was referring to a McKinsey report released in September 2024, noted that Singapore and Hong Kong will be the key hubs to facilitate these wealth flows.

This year’s programme, which was held in early August at the University of Oxford and outside of Asia since its launch in Singapore in 2020, explored how AI can be applied to family enterprises.

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