Enhance Group, a Jersey-based provider of investment & wealth consultancy, is planning to open a new office in Singapore to tap into the growth of private wealth across Asia.
Slated to open in August 2015, the new office will be headed by Enhance co-founder Richard Sayers, who will move to Singapore from Jersey, reported International Adviser.
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"Many of our existing clients have offices in Asia and many more have opened or acquired offices in the region in the last couple of years," said Sayers.
In Asia, the company offers services such as investment oversight for trustees and fiduciaries, investment portfolio reviews and ensuring suitability of strategy and the correct portfolio or fund manager is in place.
The firm’s client base consists of professional trustees and fiduciaries including trust companies, private banks and family offices.
Sayers added that there is growing demand for professionals in trust and fiduciary management in Asia.
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By GlobalData"The trust sector is relatively young in Singapore however it has enormous potential to grow as the wealth creation and demographics increase demands for planning. There is also demand for investment oversight services coming out of Hong Kong following recent modernisation to its trust laws," he added.
Currently, Enhance Group manages £20bn in assets under review across 12 jurisdictions with offices in Jersey, London and the Cayman Islands.
