*"The modern family office is no longer just about managing wealth—it’s about safeguarding a legacy across borders," said Jonathan Keane, CEO of Monterey Capital, during the announcement of the firm’s strategic expansion into Southeast Asia.*
Monterey Capital, a prominent multi-family office headquartered in Zurich, has unveiled its plans to establish a regional hub in Singapore, marking a significant step in its mission to cater to the wealth management needs of ultra-high-net-worth families in Asia. This move comes amid increasing demand for bespoke family office services in the region, fueled by economic growth and a pressing need for expertise in intergenerational wealth transfer, tax structuring, and cross-border asset protection.
Founded in 1998, Monterey Capital has built a reputation for its tailored approach to wealth preservation and growth, serving a select clientele of industrialists, entrepreneurs, and family-owned conglomerates across Europe and the Middle East. The firm’s decision to expand into Southeast Asia reflects a strategic pivot to tap into one of the fastest-growing wealth hubs in the world. According to a report by Knight Frank, the number of ultra-high-net-worth individuals (UHNWIs) in Asia is set to grow by 40% over the next five years, outpacing growth in North America and Europe.
Singapore was a natural choice for Monterey Capital's new base. The city-state's robust regulatory framework, political stability, and reputation as a global financial hub make it a magnet for family offices. In recent years, the Singaporean government has actively courted high-net-worth families, offering tax incentives and streamlined processes for setting up family office structures. Monterey’s expansion will position the firm to leverage these advantages while offering its clients proximity to Asia’s burgeoning wealth markets.
*"Our clients in Europe and the Middle East are increasingly looking East, not just for investment opportunities but also for lifestyle and residency options," said Keane. "Singapore provides an ideal platform for us to bridge these interests while offering unmatched service in one of the world’s most dynamic regions."*
Monterey Capital’s Singapore office will initially focus on core family office services, including investment advisory, tax optimization, and estate planning. However, the firm has also signaled its intent to explore partnerships with local financial institutions and wealth managers to offer a broader suite of services, such as philanthropy advisory and next-generation leadership programs.
This expansion underscores a broader trend in global wealth management: the rise of the family office as an indispensable vehicle for managing complex, multi-jurisdictional wealth portfolios. By establishing a presence in Southeast Asia, Monterey Capital is not only capitalizing on a region flush with opportunity but also reinforcing its commitment to staying ahead of the curve in an increasingly globalized financial landscape.
In an industry where trust and discretion are paramount, Monterey’s move is likely to resonate with families seeking a partner that understands the intricacies of managing wealth across borders. The firm's track record, combined with its strategic foresight, positions it as a key player in Asia’s evolving family office ecosystem.
As the firm embarks on this new chapter, Keane’s words underscore its guiding philosophy: *“True wealth management isn’t just about numbers; it’s about understanding the aspirations and values that define a family’s legacy.”*
In the years to come, Monterey Capital’s success in Southeast Asia will likely serve as a case study in the seamless integration of global expertise with local market nuances. For now, the firm’s arrival in Singapore is a clear signal: Asia’s wealth future is here, and Monterey Capital intends to be at its heart.
(Editors: admin)