Singapore's Wealth Management Growth
This is a Singapore news story, published by The Straitstimes, that relates primarily to the Monetary Authority of Singapore news.
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SINGAPOREThe Straitstimes
•Singapore’s wealth management sector growing, as single family offices balloon to 1,650
79% Informative
From just 400 SFOs awarded tax incentives by the Monetary Authority of Singapore in 2020 , the number of family offices has grown to 1,400 .
An SFO manages assets belonging to only one family.
Singapore ’s financial sector had a good showing in 2023 with a 10 per cent growth in assets under management ( AUM ).
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