The Economic Development Board of Singapore has released a list of reasons why Singapore is the key to Family Office longevity and it certainly paints the Garden City as an incredibly attractive home for your Family Office.
Singapore has been voted the most liveable location in the world, 15 years in a row (ECA International). It is also voted 1st in the world for school quality (HSBC) and for its efficient healthcare (Bloomberg).
Singapore attracted S$4.7TRN AUM in 2020 with 78% sourced outside of Singapore (MAS). It is the 9th most competitive place for top talent in the world (World Economic Forum), as well as the 3rd least corrupt country, of 180 countries (Transparency International) and the least risky country for investment management globally (Edelman).
Family Offices in Asia outperformed those globally in 2019-2020 in terms of investment management (UBS) and the International Monetary Fund describes Singapore’s banking and finance sector amongst the best globally.
While its Family Office landscape is relatively new, its reputation is not and Singapore is proving to Family Offices that despite disruption, it offers a stable and sophisticated home for Family Offices wanting a change.
To find out more about Family Offices in Singapore and the whole of Asia, download our report featuring the Economic Development Board of Singapore and the Monetary Authority of Singapore.