Private wealth

Not a ‘Singapore-only story’; moves will strengthen Apac’s proposition as a family office hub and region to deploy capital

CEO Jason Moo says the lender is starting to see large amount of flows into the region

Chee Jiun Wen will be based in Singapore and will focus on expanding the company’s private markets franchise across the region

The number of ultra-high-net-worth individuals has grown by 54.5% in 2021 to 7,171 this year

No lack of choice deals for secondary funds as global demand outstrip supply

Hubs such as Dubai and Abu Dhabi are expected to remain resilient due to economic opportunities and infrastructure, say industry players

It is the bank’s fourth and largest such facility in the city-state

Some have beefed up their offerings to include European private credit, hedge funds and private equity products

The top 1% of households now hold almost one-third of the nation’s wealth