SINGAPORE Trends and Developments
Trends and Developments Contributed by: Lee Woon Shiu and Cheung Kuan Swan (Catherine) DBS Private Bank
DBS Private Bank is the third-largest private bank in Asia, and has a presence in 19 markets globally. As a leading family office practice in Singapore, the firm offers a comprehensive suite of bespoke wealth management solutions, which includes investment advisory, portfolio management, trust, liquidity and estate planning, and family office solutions. In 2023, the firm launched the DBS Multi Family Office Found -
ry Variable Capital Company, the first bank-backed multi-family office leveraging Singapore’s VCC struc - ture, as an attractive alternative for affluent families to manage their wealth without having to establish their own Single-Family Office. DBS also leverages the strengths of the broader DBS Group to service the full spectrum of its clients’ wealth management and business needs.
Authors
Lee Woon Shiu is DBS Group’s head of wealth planning, family office and insurance solutions, and has more than 25 years of experience in advisory, client development and professional training in family office,
Cheung Kuan Swan (Catherine) is DBS Group’s head of the wealth planning solutions hub, and provides advice, training and transactional support on a wide spectrum of legal, regulatory and tax issues for bespoke
trusts, high-net-worth life insurance and estate planning in Asia-Pacific. Woon Shiu attended Yale University and the National University of Singapore where he was a Law Society of Singapore Book Prize Winner. A dual-qualified lawyer of 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.
structuring, product guides and trustee manuals. Prior to crossing into wealth management, Catherine was a practising lawyer for six years in Singapore and Hong Kong. She has over 20 years of experience with key roles in trust, wealth planning advisory, legal, compliance and fiduciary functions. A triple-qualified lawyer of Singapore, Hong Kong and the UK, Catherine is also a Barrister (Middle Temple Inns of Courts), a qualified Trust & Estate Practitioner and holds an LLM in Commercial & Corporate Law.
DBS Private Bank 12 Marina Boulevard Level 6 DBS Asia Central Marina Bay Financial Centre Tower 3 Singapore 018982 Tel: +65 9021 5130 Email: catherineks@dbs.com Web: www.dbs.com.sg
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