The Business Times
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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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Jean Low

Published Wed, Apr 22, 2026 · 04:12 PM
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    • Chi Man Kwan, Group CEO, RFO (left), and Kendrick Lee, CEO, Singapore, RFO, at the opening ceremony of its new office at OUE Bayfront.
    • Chi Man Kwan, Group CEO, RFO (left), and Kendrick Lee, CEO, Singapore, RFO, at the opening ceremony of its new office at OUE Bayfront. PHOTO: RFO

    [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.

    PhilanthropyFamily offices

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