Deutsche Bank Singapore Poll: 73% See Asia as Most Stable Region, but 54% Plan to Put New Capital in the US

A live poll of about 200 attendees at Deutsche Bank's Singapore family office forum put Asia first for stability (73%) but the US first for planned new capital (54%), so perceived safety is not yet translating into allocation.

TL;DR

• About 200 family offices and wealthy individuals at Deutsche Bank's Singapore forum named rates and yields (37%) as the biggest global growth risk, ahead of inflation (23%) and AI-related risks (17%).
• 73% called Asia the most stable region for the next 12 months, yet 54% said they plan to allocate capital to the US and 30% to Asia.
• It is a live room poll with no disclosed method, so treat it as a mood indicator, not a representative survey of Asian family offices.

What did Deutsche Bank's Singapore poll find?

Deutsche Bank Private Bank, the wealth arm of the German lender, polled about 200 family offices and wealthy individuals at its Emerging Markets Family Office Forum 2026 in Singapore. A family office is a private firm that manages the wealth of one or more wealthy families. According to Reuters, the poll was run by Christian Nolting, the bank's Global Chief Investment Officer, and reported on 7 October 2026.

Asked about the biggest risk to global growth, 37% chose rising rates and yields, 23% chose inflation and 17% chose risks tied to artificial intelligence. Asked which region would be most stable over the next 12 months, 73% chose Asia, 14% the US, 6% the UK and Europe, 4% Latin America and 2% the Middle East.

Why does the gap between stability and allocation matter?

On planned capital allocation over the next 12 months, Reuters reported 54% for the US, 30% for Asia and 11% for the UK and Europe. Read together, the answers suggest that many in the room regard Asia as a safe harbour while still seeing the US as the main destination for new money. The poll does not explain why, and nothing in the published figures separates currency, liquidity, deal flow or mandate constraints.

For principals and advisers in Asia, the practical takeaways are modest. First, the AI-related risk share of 17% compares with 5% at the 2025 forum, according to Caproasia, an Asian finance news site that reported on the event, which indicates how fast that worry has grown among attendees. Second, family offices benchmarking themselves against peers may find that stated views on regional stability and actual portfolio positioning diverge. Third, advisers can use the data as a conversation prompt about concentration, without treating it as a recommendation.

Deutsche Bank's Marco Pagliara, head of emerging markets at its private bank, said that "international families and their family offices are seeking stability, risk mitigation strategies and global connectivity" and that Singapore has become a leading global wealth centre. That is the bank's own view, offered at a bank-hosted event.

How does this fit with other recent Singapore and APAC coverage?

Other recent surveys point the same way on direct deals and risk appetite. See our reports on Citi's client-only sample (https://asiafamilyofficehub.com/citis-2026-family-office-survey-26-of-apac-offices-beat-15-returns-but-the-sample-is-citi-clients-only/), the HSBC survey on direct private investing (https://asiafamilyofficehub.com/hsbc-survey-singapore-tops-entrepreneur-destinations-as-direct-private-investing-grows/), the revised Singapore single family office rules (https://asiafamilyofficehub.com/singapores-revised-single-family-office-rules-what-changed-and-what-existing-sfos-must-do-by-june-2027/) and the proposed tax list changes (https://asiafamilyofficehub.com/singapore-weighs-family-office-tax-list-changes-including-digital-tokens-and-insurance/).

What is not confirmed?

Neither Reuters nor Caproasia describes the poll method, response rate, or margin of error. The attendee group is described as "family offices and wealthy individuals," and the split between the two is not given, so the results cannot be read as the view of family offices alone. The poll covers one invitation-only event, and the allocation percentages are stated intentions, not executed trades. The allocation split was found in the Reuters report only. The full Deutsche Bank press release could not be opened for this report, so figures rely on Reuters (via Global Banking and Finance Review) and Caproasia.

Frequently Asked Questions

Who ran the poll?

It was conducted by Christian Nolting, Deutsche Bank's Global Chief Investment Officer, during the bank's Emerging Markets Family Office Forum 2026 in Singapore.

Is the poll representative of Asian family offices?

No. It reflects roughly 200 attendees at one bank-hosted event, with no disclosed sampling method, and includes wealthy individuals as well as family offices.

Does the poll recommend investing in the US or Asia?

No. It records attendee opinions and intentions. This article is information only and is not financial, legal or tax advice.

Sources and Method

This article draws on the Reuters report (reporter Rae Wee) as republished on 8 October 2026 by Global Banking and Finance Review (https://www.globalbankingandfinance.com/wealthy-investors-view-rates-yields-biggest-growth-risk/), cross-checked against IndexBox (https://www.indexbox.io/blog/deutsche-bank-poll-wealthy-investors-see-rising-rates-as-top-global-growth-risk-asia-as-most-stable-region/) and Caproasia's 9 October 2026 account of the forum (https://www.caproasia.com/2026/10/09/deutsche-bank-held-3rd-asia-emerging-markets-family-office-forum-2026-in-singapore-attended-by-200-family-offices-wealthy-individuals-live-poll-1-top-3-economic-risks-are-rates-yields-inflati/). Deutsche Bank's own release was not accessible.