Alvarium carves new role and makes senior leadership hire in Asia-Pacific
Alvarium, the global multi-family office, has appointed Peter Golovsky as its Managing Director, Head of Family Office Services for Asia-Pacific.
This new regional leadership position within the group reflects the significant business opportunities that Alvarium sees in the region, both for first generation and multigenerational wealth creators with some commentators predicting a 39% increase of Asia’s UHNW community over the next 5 years. Alvarium also sees the increase in intergenerational wealth transfer, estimated in excess of $15 trillion globally over the next 20 years, as an opportunity to expand in the region. These trends give rise to an increase of family office activity and establishment across Asia, as wealth continues to grow at record levels.
This move is the latest step in Alvarium’s expansion in Asia-Pacific across service lines and geographies, following a three-year period of organic growth and acquisitive activity.
Alvarium operates across the Americas, Europe and Asia-Pacific and has been established in Asia for more than a decade with offices now in Hong Kong, Singapore, Australia and New Zealand. With 14 offices and over 220
employees Alvarium advises in excess of $21bn in assets on behalf of institutional clients and multi-generational entrepreneurs and families.
Peter Golovsky is a chartered accountant with over 25 years of experience in the financial services industry, ten years of which he spent in Hong Kong in leading family office and investment advisory businesses. He has worked closely as a key advisor to some of Asia’s largest families and family offices.
Peter will help drive the continued inorganic and organic growth of Alvarium’s platform across Asia-Pacific with a particular focus on developing the platform in both Singapore and Australia, together with providing more
holistic family office services to Asian entrepreneurs, families and family offices. A particular focus will be advising next generation wealth across the Asia Pacific region, coordinating and advising on the establishment
of family office structures and leveraging the Alvarium platform for its network of global intermediary advisors and custodians, as well as accessing its proprietary real asset deal flow.
Commenting on his new role, Peter said: “Alvarium has been through a period of exceptional global growth and I am thrilled to have the opportunity to accelerate this across Asia Pacific at a time of increased wealth creation across the region. I’m excited to tap into the group’s integrated investment advisory, merchant banking and co-investment capabilities as Asian families increasingly seek more sophisticated and integrated solutions to meet their requirements. I look forward to supporting the expansion of the group both in Singapore and Australia.”
Alvarium’s CEO Alexander de Meyer said: “We are delighted to welcome Peter to the Alvarium family. He is a well-respected and trusted advisor in the family office world and has experience building and growing wealth
businesses. I have no doubt that he will bring energy and opportunities to our colleagues in Asia-Pacific as they look to work with the next generation of entrepreneurs in the region."
Prior to joining Alvarium, Peter was Managing Director and Head of Private Wealth and Family Office services for a global investor services platform across Asia. Before that, Peter was Global Head of Fiduciary Services and Head of Asia for an international legal, accounting and fiduciary services firm with offices spanning from the US to New Zealand. As well as leading the group’s private wealth offering globally, he was responsible for establishing its presence in Asia, including the set-up of its Hong Kong office. Before that, Peter was Managing Director of the Institutional Sales and Private Client division of a global fiduciary services provider, with responsibilities spanning 44 offices and 33 countries.
Peter relocated to Hong Kong in 2011 from his native Australia, where he had spent 10 years in private banking, holding senior distribution positions at both Macquarie and Westpac. Other previous experience included
leadership roles spanning private wealth, risk management, corporate governance and audit in both Australia and the US.