Singapore wealth firm sees rapid growth catering to the rich

Attractive venue: People walk about during their lunch break in the Raffles Place financial business district in Singapore. There is an uptick in rich families looking at the city-state to set up their wealth structuring outfits. — AFP

SINGAPORE: Singapore-based multi-family office Farro Capital says it has amassed more than US$1bil (RM4.5bil) in assets under management (AUM) just four months after it launched.

This highlights the city-state’s rise as a hub for wealthy clans.