Investing.com — More than half of wealthy individuals in Asia-Pacific view an economic recession as their primary concern over the next three years, according to a survey by Lombard Odier. Nearly half of respondents also expressed worry about a potential equity market correction or crash.
The survey covered more than 390 high-net-worth individuals residing in the Asia-Pacific region between December 2025 and February 2026. All participants had at least $1 million in net investable assets.
Investors are navigating a complex global environment shaped by U.S. President Donald Trump’s tariffs and a three-month-old war in the Middle East that has increased energy prices.
The survey revealed that nearly four in 10 respondents lack any form of succession planning despite prioritizing wealth preservation. Japan, the Philippines, Malaysia and Hong Kong ranked among the least prepared markets for wealth transfer.
“For most of the Asian families, the patriarchs are still on the helm, and they have not engaged the next generation enough,” said Louisa Loo, Lombard Odier’s head of wealth planning for Asia, at a media roundtable in Singapore on Thursday. “So as a knock-on effect, the next generation, since they have not been engaged, and they might have already found their own career paths and entrepreneurial interests… they are not ready, or they are not interested at all to take over.”
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