More ultra-rich individuals interested in setting up family offices in Singapore

The increased number of family offices in Asia is also due to the fact that wealth has been growing in the region over the last 20 years. ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Singapore's growing status as a financial hub is luring increasing numbers of well-heeled families from across the world to set up offices here to manage their money.

Experts point to Singapore's regulatory environment and geography as key factors in its attraction as an investment destination for the world's wealthy.

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