*"Asia is no longer an emerging market—it is the market," said Richard Pease, Managing Director of Trident Trust. "We are witnessing a seismic shift in global wealth, and Singapore has become the epicenter for wealth planning and family office solutions in this region."*
Trident Trust, a leading global provider of corporate, fiduciary, and fund administration services, has announced the expansion of its operations in Asia with the establishment of a dedicated Family Office Hub in Singapore. The move comes as the city-state continues to cement its position as a premier jurisdiction for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) seeking tailored wealth management solutions.
The new hub, located in Singapore’s financial district, will provide an array of bespoke services, including trust formation, estate planning, governance structuring, and tax-efficient strategies for multigenerational wealth transfer. This strategic expansion is not only a response to Asia’s rising concentration of wealth but also a reflection of Singapore’s growing appeal as a stable, business-friendly jurisdiction with strong legal frameworks and robust regulatory oversight.
The last decade has seen Asia-Pacific emerge as the world’s fastest-growing region for wealth accumulation. According to a recent report by Capgemini, the region is home to over 7.2 million HNWIs, whose combined wealth surpasses USD 25 trillion. Singapore, with its advanced infrastructure, political stability, and favorable tax regime, has increasingly become the jurisdiction of choice for family offices and wealth managers catering to this demographic.
Trident Trust’s decision to establish a dedicated Family Office Hub in Singapore comes at a time when the Monetary Authority of Singapore (MAS) has been actively enhancing its policies to attract global investors. Key initiatives, such as the Variable Capital Company (VCC) framework and tax exemptions under the 13X and 13R schemes, have positioned Singapore as a magnet for international family offices. Trident Trust’s expanded presence is poised to capitalize on this momentum, offering a seamless gateway to the firm’s global network of expertise.
*"Our clients are looking for more than just financial solutions—they want a trusted partner who can anticipate their needs and adapt to the complexities of global wealth management,"* added Pease. "With our Singapore hub, we are better positioned to deliver the kind of personalized, multijurisdictional service that today’s families demand."
The impact of this move is expected to ripple across the region, attracting institutional advisors and family offices seeking reliable fiduciary partners with a global footprint. By deepening its roots in Asia, Trident Trust not only strengthens its competitive edge but also reinforces Singapore’s standing as a nexus for global wealth management.
As the dynamics of wealth continue to evolve, Trident Trust’s commitment to innovation and client-centric service ensures it remains a key player in shaping the future of family office services.
(Editors: admin)