SINGAPORE – Long before family offices became a buzzword here, some of Asia’s biggest conglomerates had already set up such entities in Singapore to provide fund management services, conduct succession planning and hold their business operations and assets.
One such outfit, Pacific Eagle Asset Management (Peam), was set up 20 years ago to offer fund management services in Asia to the family of Indonesian billionaire Sukanto Tanoto. Since then, it has sunk roots in the Singapore economy, and its philanthropic arm, Tanoto Foundation, has helped drive initiatives here since 2001.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you