Singapore’s single family offices likely to merge, find alternative models
WHILE Singapore remains an attractive global financial hub, wealthy families are now considering other options besides setting up their own single family offices (SFOs) here to better suit their needs.
Industry players noted that SFOs in Singapore are likely to merge or find alternative models amid the rising cost of operations.
“The trend of setting up a family office just as a fashion statement will likely come down,” said Sanjay Guglani, founder and chief investment officer of Silverdale Funds, and chief executive officer of Silverdale Capital.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Top HSBC shareholder Ping An exploring ways to cut US$13 billion stake
Gazelle Ventures’ cash offer for No Signboard closes with 0.5022% valid acceptances
Dow briefly sprints past 40,000-mark on earnings boost, rate-cut bets
Goldman strikes US$43 billion investing deal for UPS pension funds
US: Wall Street opens nearly flat after CPI-driven rally
Blackstone to buy Priority Software stake in biggest Israel deal