“We’ve always believed that Asia is not just an economic powerhouse, but also a hub for multigenerational wealth planning,” said Jonathan Greer, CEO of Apex Global Partners, as he announced the firm’s latest strategic move—a dedicated family office operation in Singapore. The New York-based wealth management company, which caters to ultra-high-net-worth individuals (UHNWIs) and institutional clients, unveiled its plans to establish a foothold in Southeast Asia, signaling a clear commitment to the region’s growing demand for bespoke wealth solutions.
The new Singapore office, set to open early next quarter, will serve as a pivotal base for Apex’s family office services, offering tailored solutions in wealth structuring, legacy planning, investment management, and tax optimization. This expansion comes amidst a broader trend of global wealth managers gravitating toward Singapore, bolstered by the city-state’s robust regulatory framework, business-friendly policies, and its reputation as a gateway to the Asia-Pacific region. The move also aligns with Apex’s long-term strategy of catering to the increasing number of Asian families and entrepreneurs seeking sophisticated cross-border financial services.
Apex’s decision underscores a shift in global wealth dynamics. Over the last decade, Asia has seen a meteoric rise in wealth creation, with the region now home to more billionaires than any other part of the world. Singapore, in particular, has emerged as a haven for UHNWIs, thanks to its stability, low tax regime, and access to world-class financial expertise. The Monetary Authority of Singapore (MAS) has also introduced initiatives to attract family offices, including relaxed regulatory requirements and tax incentives under the 13O and 13U schemes.
“Singapore’s appeal is undeniable,” Greer continued. “It offers the perfect blend of innovation, governance, and access, enabling us to provide our clients with cutting-edge solutions tailored to the complexities of today’s globalized financial landscape.” The firm has already begun recruiting top-tier talent for the new office, including private bankers, tax advisors, and legal professionals specializing in trust and estate planning. Apex also plans to collaborate with local partners to tap into the region’s unique cultural and financial nuances.
The impact of this expansion is expected to be twofold. For Apex, it positions the company as a significant player in Asia’s wealth management ecosystem, enhancing its ability to serve existing clients with regional interests while attracting new clientele. For Singapore, the arrival of yet another high-profile international family office reinforces its status as a premier wealth management hub, further elevating the city-state’s competitive edge over rivals like Hong Kong and Dubai.
In closing, Greer emphasized the importance of legacy in wealth management. “Our goal is not just to help families grow their assets, but to ensure that their legacies endure for generations. Singapore’s environment allows us to do just that, and we’re excited about the opportunities this expansion brings.”
As Apex Global Partners prepares to open its doors in Singapore, its move serves as yet another reminder of the city-state’s growing gravitational pull in the global wealth management arena. For the world’s elite, Singapore continues to shine as a beacon of stability, innovation, and opportunity.
(Editors: admin)