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
Add BT as a preferred source
[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.
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
