SINGAPORE, May 28 (Reuters) - More than half of wealthy individuals in Asia-Pacific consider an economic recession their biggest worry over the next three years, a survey by Lombard Odier found, and nearly half are also concerned about an equity market correction or crash.
Here are some details:
• Investors are trying to navigate a turbulent global backdrop, marked by U.S. President Donald Trump's tariffs and the three-month-old war in the Middle East that has driven up energy prices with implications
for inflation.
• The survey found that nearly four in 10 respondents do not have any kind of succession planning despite their desire for wealth preservation, with Japan, the Philippines, Malaysia and Hong Kong among the least prepared markets.
• "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."
• The survey was conducted between December 2025 and February 2026 and covered more than 390 high-net-worth individuals residing in the Asia-Pacific region, including clients of Lombard Odier with at least $1 million in net investable assets.
(Reporting by Rae Wee; editing by Barbara Lewis)
