Family Offices Say Rates, Bond Yields Greatest Growth Risk – Deutsche Bank

Editorial Staff

20 October 2026

A recent conference involving around 200 family offices and wealthy individuals in Singapore found that more than a third (37 per cent) saw interest rates and bond yields as the greatest risk for economic growth.

The findings were taken at the Emerging Markets Family Office Forum 2026 in Singapore, organised by .

A live poll of the audience by the German bank’s chief investment officer Christian Nolting found that 23 per cent of those present regarded inflation as the largest risk to economic growth; 17 per cent cited AI. Only 5 per cent mentioned AI in the same event a year before, Deutsche Bank said in its report about the event.

In a sign of how the centre of economic growth is shifting, the live poll showed that 73 per cent saw Asia as the most stable geopolitical region for the next 12 months, followed by the US (14 per cent), the UK/Europe (6 per cent), Latin America (4 per cent) and the Middle East (2 per cent).

“International families and their family offices are seeking stability, risk mitigation strategies and global connectivity, and Singapore has emerged as one of the clear favourites as a global wealth centre in this changing world,” the head of emerging markets for the private banking business at Deutsche, Marco Pagliara, said.