“We believe Singapore represents the future of wealth stewardship in Asia,” stated Jonathan Davenport, CEO of Centurion Family Office, during a private media briefing earlier this week. “As a hub for innovation, regulation, and global connectivity, it aligns perfectly with our clients’ aspirations for secure and strategic wealth management.”
In a move signaling the increasing importance of Asia-Pacific in the global wealth management landscape, Centurion Family Office, a leading multi-family office headquartered in Zurich, has announced the opening of its Singapore office. The expansion marks a pivotal moment for the firm, which has built a reputation for bespoke wealth solutions tailored to ultra-high-net-worth individuals (UHNWIs) and institutional investors across Europe and the Middle East.
Singapore’s reputation as a premier financial hub with robust regulatory frameworks and an expanding ecosystem of family offices has made it an attractive destination for Centurion’s next chapter. The city-state’s favorable tax environment and strategic geographic location have also contributed to its rise as a global wealth magnet. According to the Monetary Authority of Singapore (MAS), the number of family offices based in Singapore has surged in recent years, with over 1,100 such entities registered as of 2023. Centurion’s entry into this competitive yet flourishing market underscores its commitment to staying ahead of client needs in an increasingly globalized economy.
Centurion’s Singapore office will focus on legacy planning, cross-border tax optimization, and investment diversification, areas that have become increasingly critical for UHNWIs navigating the complexities of multi-jurisdictional wealth. The firm also plans to leverage Singapore’s advanced fintech ecosystem to enhance its service offerings. Notably, the new office will serve as a launchpad for Centurion’s upcoming Asia-focused impact investment fund, aimed at addressing the growing demand for sustainable and socially-conscious investment opportunities.
“Our clients are no longer just looking for wealth preservation; they want purpose-driven strategies that can create lasting value,” noted Davenport. “Singapore provides the ideal platform to connect with innovative ventures in sustainability, technology, and healthcare—sectors that are shaping the future of wealth creation.”
Centurion’s expansion comes amid a broader shift in the wealth management industry, as firms increasingly turn their attention to Asian markets. The region is home to some of the fastest-growing concentrations of UHNWIs, driven by economic growth in countries such as China, India, and Southeast Asia. With this demographic shift, Singapore has emerged as a strategic gateway for wealth managers seeking to tap into these markets while offering a stable and transparent jurisdiction for clients concerned with geopolitical uncertainties elsewhere.
The Singapore office will be led by Angela Soong, a veteran in the wealth management space with over two decades of experience in private banking and family office services. Soong’s expertise in navigating the nuances of Asian markets is expected to play a key role in Centurion’s success in the region.
In closing, Davenport emphasized the long-term vision behind the expansion: “Our presence in Singapore is not merely an operational decision; it’s a commitment to our clients and to the region as a whole. We are here to build relationships, foster innovation, and contribute to the thriving ecosystem of wealth management in Asia.”
Centurion Family Office’s move to Singapore is a testament to the city-state’s growing stature in global wealth management. As the firm integrates into this dynamic market, its success could further underscore the importance of Asia-Pacific as the next frontier for UHNWIs seeking sophisticated, future-focused financial solutions.
(Editors: admin)