With significant intergenerational wealth transition in a world marked by volatility, uncertainty, complexity and ambiguity, Asian families are setting up family offices to manage and grow their global asset base, and develop succession plans for the next generation. 

In Singapore, there were about 700 family offices at the end of 2021. This includes family offices founded in the West that have Asian satellite offices and newly established Asian family offices in Singapore. Due to strong enabling factors such as a strong rule of law, robust family office ecosystem and infrastructure, seamless connectivity and a high standard of living, family offices are thriving in the city state.

This report – prepared by Rajah & Tann Asia and Deloitte, and supported by the Singapore Economic Development Board (EDB) – offers a comprehensive deep dive on why Singapore is an ideal destination for family businesses, wealth management and family offices. It also features five in-depth case studies of established family offices in Singapore. 

Download the full report for more details.