Middle East family offices setting up and investing in Singapore

The number of Middle Eastern clients setting up family offices in Singapore has doubled in the past year and will continue to grow as they focus more on Asia - DBS Private Bank in Singapore says.

Speaking at the Asia-Middle East Investment Summit in Singapore last week, Terry Farris, head of family office services at DBS Private Bank in Singapore, says he expects 50% of his firm’s discretionary portfolio management to be on behalf of Middle Eastern wealth by the end of June.

To see a list of family offices from the Middle East, check Middle East Investors Directory

More details from Asian Investors