Barry Tse, a former UBS banker, has been appointed as the managing director of relationship management at Raffles Family Office.

Tse will be based in Hong Kong and will focus on expanding the firm's business in the multi-family office sector.

Tse has observed a significant increase in the adoption of multi-family offices by private banking clients, indicating a shift towards these services as a complement or evolution of traditional private banking relationships.

This trend highlights the growing interest in tailored wealth management solutions among affluent individuals and families.