*"Singapore has become the nexus for wealth management in Asia, and our presence here is a natural evolution of our global strategy,"* said Michael Harrington, CEO of Trident Private Capital, during the announcement of the firm’s new family office in Singapore. *"This region represents a unique convergence of opportunity, stability, and innovation, which aligns perfectly with the needs of our ultra-high-net-worth clients."*
Trident Private Capital, a prominent wealth management firm headquartered in Zurich, has officially established its first Asian family office in Singapore, underscoring the city-state’s rising prominence as a global wealth hub. The move comes as Singapore continues to attract a growing number of affluent families and institutional investors seeking a politically stable and business-friendly environment for their financial activities. For Trident, this marks a pivotal step in its strategy to provide bespoke wealth solutions across multiple jurisdictions.
The Singapore office will cater to a highly exclusive clientele, offering services such as multi-generational wealth planning, philanthropic advisory, and access to alternative investments. The firm’s decision comes amid a surge in family offices setting up in Singapore, bolstered by government incentives and an advantageous regulatory framework. In 2022 alone, the city-state saw over 700 family offices registered, a figure that has nearly tripled since 2020. Trident’s entry into this thriving ecosystem signals its intention to capture a significant share of Asia’s burgeoning wealth management sector.
Founded in 1985, Trident Private Capital has cultivated a reputation for discretion and innovation, serving some of the world’s wealthiest families and institutions. The firm’s focus on offshore banking, tax optimization, and tailored investment strategies has enabled it to maintain long-term relationships with its clients, many of whom have net worths exceeding $500 million. By opening its Singapore office, Trident aims to bridge the gap between Western and Asian financial markets, offering clients unparalleled access to global opportunities while leveraging Asia’s dynamic growth.
*"Our clients increasingly view Asia as both an investment destination and a base for their family governance structures,"* Harrington explained. *"Singapore not only provides a stable economic and legal framework but also fosters an ecosystem of innovation that is essential for wealth preservation in today’s complex landscape."*
The firm’s entry into Singapore is expected to have a ripple effect across the industry. Trident’s reputation for integrating cutting-edge technology with traditional wealth management practices is anticipated to raise the bar for family office services in the region, introducing a new level of sophistication to an already competitive market.
As global economic uncertainties persist, Singapore continues to solidify its role as a safe haven for wealth. Trident Private Capital’s strategic expansion underscores this reality, reinforcing the city-state’s position as a cornerstone of the global financial system.
(Editors: admin)