Family offices may drive SPAC growth in Singapore
As at last October, 200 single-family offices in Singapore had US$20b in AUM; but it's early days and the rules haven't been drafted: JPMorgan exec
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THE rising number of family offices in Singapore may well drive issuances of special-purpose acquisition companies (SPACs) in Singapore.
This may be one differentiator for the Republic, with the Singapore Exchange (SGX) planning to consult on SPAC listings this quarter, said Gaurav Maria, JPMorgan head of equity-linked and private capital markets for the Asia-Pacific.
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