SINGAPORE Trends and Developments Contributed by: Lee Woon Shiu and Catherine Cheung DBS Private Bank
Malaysia
Singapore
Indonesia
DBS Private Bank is the third-largest private bank in Asia, and the bank of choice for wealth clients all over the world for its bespoke, comprehensive solu - tions. With presence in 19 markets globally, DBS is recognised for providing the world’s best in wealth management, and for connecting its clients to op - portunities in Asia through dual booking centres in Singapore and Hong Kong. As Singapore’s lead - ing family office practice, it offers a comprehensive suite of bespoke wealth management solutions, in - cluding investment advisory, portfolio management,
trust, liquidity and estate planning, and family office solutions. In 2023, the firm launched the DBS Multi Family Office Foundry Variable Capital Company, the first bank-backed multi-family office leveraging Sin - gapore’s VCC structure, as an attractive alternative for affluent families to manage their wealth without having to establish their own Single-Family Office. It also leverages the strengths of the broader DBS Group to service the full spectrum of clients’ wealth management and business needs.
Authors
Lee Woon Shiu is DBS Group head of wealth planning, family office and insurance solutions, and has more than 25 years’ experience in advisory, client development and professional training in family office, trusts, high
Catherine Cheung is DBS head of wealth planning solutions and provides advice, training and transactional support on a wide spectrum of legal, regulatory and tax issues for bespoke structuring,
net worth life insurance and estate planning in Asia Pacific. He attended Yale University and the National University of Singapore. where he was a Law Society of Singapore Book Prize Winner. Dual qualified in the UK and Singapore, with a STEP certification, Woon Shiu is also adjunct associate professor at the Nanyang Technological University, where he regularly lectures on wealth structuring and estate succession. He is also a board member of the DBS Foundation.
product guides and trustee manuals. Prior to crossing into wealth management, she was a practising lawyer for six years in Singapore and Hong Kong, and has over 20 years’ experience in trust, wealth planning advisory, legal, compliance and fiduciary functions. Triple qualified in Singapore, Hong Kong and the UK, Catherine is also a Barrister (Middle Temple Inns of Courts, England & Wales) and a qualified Trust & Estate Practitioner (TEP).
DBS Private Bank 12 Marina Boulevard Level 6, DBS Asia Central Marina Bay Financial Centre Tower 3 Singapore 018982 Tel: 902 151 30 Email: catherineks@dbs.com Web: www.dbs.com.sg
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