Credit Suisse has opened its first-ever family office hub in Singapore and appointed Bernard Fung head of family office services in Singapore.
The new hub has been set up to provide advice, infrastructure and access for ultra-high-net-worth UHNW clients to help them jump-start their family office plans. Credit Suisse also provides its clients with networking and education opportunities, as well as back- and middle-office support.
This is a timely initiative from Credit Suisse as a number of UHNW clients in the region are going through generational wealth transfer issues and are beginning to consider setting up a single family office, said Credit Suisse in a press release yesterday.
Fung will lead the...