More family offices setting up base in Singapore, above pre-pandemic numbers: Acra data

Wealth managers say Singapore checks many boxes in terms of what the wealthy are looking for when setting up a family office. PHOTO: ST FILE
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SINGAPORE – Family offices have seen robust interest in Singapore, with 182 opening already in 2023 following two years of strong growth.

The offices that started operations from January to April 24 come on top of the 690 that opened in 2022 and the 672 in 2021, according to data analytics firm Handshakes.

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