Raffles Family Office opens new Singapore office, launches foundation to formalise philanthropy push
The newly established RFO foundation reflects a generational shift in how Asia’s ultra-wealthy think about legacy
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[SINGAPORE] Raffles Family Office (RFO) is formalising its philanthropic push with the launch of the RFO Foundation, as rising demand from next-generation wealth owners drives a shift towards more structured and purpose-driven giving.
Based in Hong Kong, the foundation – funded entirely from RFO’s balance sheet using portfolio dividend income – marks a move away from years of informal, ad-hoc donations.
The launch was announced alongside the opening of RFO’s new Singapore office at OUE Bayfront on Apr 22, which will house more than 100 employees.
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