Singapore is one of the world’s leading financial services hub and is regarded as the gateway to South East Asia and beyond. It is well-known for having an open and well-regulated economy that is well served by a vibrant ecosystem of tax and legal advisors, fiduciaries, fund administrators and fund managers.
According to a report by Campden, the number of Family Offices today have surpassed 10,000 globally as compared to only 1,000 in 2008. The average Assets Under Management (AUM) of these Family Offices have grown considerably with the top end of the spectrum large enough to compare themselves to Global Banks and Fund Houses.
By setting up a Family Office, UHNWIs are able to handpick a group of professionals to work with directly. The function stretches beyond managing the investment portfolio of the family, it oversees the transition of wealth from one generation to the next. In this seminar hosted by Raffles Family Office, you will gain insights on the establishment and structuring of Family Offices in Singapore, and why are Singapore SFOs becoming popular amongst UHNWIs?
Kendrick Lee Managing Partner and Co-Founder, Raffles Family Office
Kendrick Lee is a Managing Partner and Co-Founder at Raffles Family Office (RFO), a pan-Asian financial advisory firm that manages the wealth growth and preservation needs of ultrahigh net worth families. He oversees Southeast Asia operations of RFO’s Independent Asset Management arm, as part of which he leads the company’s Relationship Management, Investment Advisory and Trading and Settlement teams for the region. Based in Singapore, where he was born, raised and once served as a member of the country’s national badminton team, Lee is known for his fortitude, strong worth ethic and consistent ability to secure winning outcomes for his clients – traits that have made him one of RFO’s most sought after advisors.
Lee started his career in the private banking sector, where he held various relationship management and senior account servicing roles at Pictet, CIC and Indosuez and spent much of his time catering to the investment and succession planning needs of both first and later generation clients from Thailand, Indonesia and Singapore. This background has made Lee an invaluable resource for families looking to manage wealth across multiple generations and geographies.
Kendrick holds a Bachelor of Science in Management from University of Manchester.
Monday, 18 October 2021
4.00-5.30pm hosted by PwC Singapore
The Owner’s Agenda – A recognition that business is personal to you
From legacy building, exit strategies or professionalising wealth management – managing ownership issues is a unique and complex challenge for business families all over the world.
In this roundtable, we will share PwC’s Owner’s Agenda framework, which is a personalised and holistic approach for business families to focus on what matters most from an Ownership and Business perspective. Through real life case studies, we will explore the ownership and business issues that private businesses need to reflect on – from wealth, purpose and values, succession to profitability, strategy and transformation, deals and growth and so on.
Ng Siew Quan
Partner & Asia Pacific Leader, Entrepreneurial and Private Business, PwC Singapore
Siew Quan is the Asia Pacific EPB Leader at PwC Singapore. In this role, he undertakes the overall lead of integrated business solutions to owner-led and family businesses in the region. Building on strong knowledge in the corporate governance and internal audit fields, he has spearheaded the mitigation of risks and preservation of business harmony for families and entrepreneurs.
Siew Quan has shared his expertise and participated in numerous panel discussions and working groups surrounding family governance. He is also PwC Singapore’s Corporate Governance Leader. Through collaborations with the Singapore Institute of Directors and SGX, he contributes regularly as a speaker and authors thought leadership pieces around governance, risks and controls.
Wednesday, 20 October 2021
4.00-6.00pm hosted by Maitri Asset Management
Practical considerations in setting up Family Office
If you are looking to set up a family office or have already set up but want to make it more efficient, please come and join to hear from the practitioner with first hand experience of setting up one of the most well regarded family office in Singapore. The topics that would be covered are:
7. Access to ecosystem
CEO, Maitri Asset Management
Manish heads the family office of Tolaram Group, which is now transformed into a licensed asset management company under the name Maitri Asset Management.
In his career stint with Tolaram Group for more than 16 years, he has been part of creating the value while working in business operations, unlocking the value by selling stake in two of the group companies to a US listed multinational as key member of strategy and corporate finance team; and now he is responsible for conserving that value in his role as the CEO of family office for the past 5 years.
Thanks to diversified business interests of Tolaram, he also has exposure to various verticals like Energy, Textiles, Paper, Consumers Goods, Infrastructure and Financial Services.
Manish hails originally from India’s north-west province of Rajasthan and grew up in Nagpur in Central India. He completed his Bachelor’s Degree in Commerce from Nagpur University and attained professional accounting degree from Institute of Chartered Accountants of India. He has worked in India, Africa, and Singapore. He has served on to board of various not for profit organisations and continues to do so.