“We are entering a transformative era for wealth management in Asia, and Singapore is at the heart of it,” said James Carlyle, CEO of Trident Family Office, during the announcement of their expansion into the city-state. “Our clients are seeking not just preservation of wealth, but strategies for growth, legacy planning, and geographic diversification. Singapore offers the regulatory stability and connectivity that aligns perfectly with these goals.”
Trident Family Office, a leading boutique wealth management firm headquartered in Zurich, has officially opened its regional hub in Singapore in response to the surging demand for bespoke family office services in Asia. The move underscores the firm's commitment to serving a rapidly growing demographic of ultra-high-net-worth individuals (UHNWIs) in the region, many of whom are seeking sophisticated solutions to safeguard multigenerational wealth and navigate complex global tax landscapes.
The decision to establish a presence in Singapore was not made lightly. Over the past decade, Singapore has solidified its position as a global wealth management center, thanks to a favorable regulatory framework, a robust financial ecosystem, and its strategic location within Asia-Pacific. According to the Monetary Authority of Singapore (MAS), the number of family offices in the city-state has surged from fewer than 50 in 2018 to over 1,500 in 2023. Trident’s entry into this competitive market reflects its confidence in its differentiated value proposition, which combines Swiss precision with global expertise.
Founded in 1991, Trident Family Office has cultivated a reputation for delivering discreet and highly tailored financial strategies to a select clientele of UHNWIs, institutional investors, and legacy-driven families. Unlike larger institutions, the firm prides itself on its agility and ability to offer personalized attention, a trait that resonates strongly with its Asian clientele. With the Singapore office, Trident aims to strengthen its relationships with existing clients in the region while attracting new families seeking a trusted advisor in an increasingly uncertain global environment.
“Singapore is more than a gateway to Asia—it’s a beacon of stability and innovation,” remarked Carlyle. “Our clients are drawn to its transparent tax regime, political neutrality, and forward-thinking policies on wealth structuring. For us, it’s the ideal base to offer services like offshore asset protection, tax optimization, and succession planning tailored to the unique needs of Asian families.”
The firm’s expansion comes at a time when Asia’s wealth landscape is undergoing a seismic shift. As reported by Credit Suisse, the region is home to the fastest-growing population of millionaires and billionaires globally. This wealth explosion, however, is accompanied by increasingly complex challenges, including geopolitical tensions, tightening tax regulations, and the need for intergenerational wealth transfer planning. Trident Family Office sees these trends not as obstacles but as opportunities to reinforce its position as a trusted guide for families navigating uncharted waters.
The Singapore office will initially focus on three core areas: wealth structuring, international residency planning, and investment portfolio optimization. Carlyle confirmed that the team will also leverage Singapore’s robust fintech ecosystem to explore advanced digital asset strategies, an area of growing interest among younger heirs in Asia. The firm has already begun onboarding local talent with deep expertise in regional markets, ensuring that its Singapore team operates with the same level of precision and discretion that has defined its European operations.
As Trident Family Office embarks on this new chapter, the firm is optimistic about the possibilities that lie ahead. Its presence in Singapore not only signals its commitment to the Asian market but also highlights the city-state’s continued ascent as a global hub for wealth management. For Trident’s clients, this expansion represents a meaningful step toward achieving peace of mind in an increasingly volatile world.
(Editors: admin)