Since Singapore became the global-Asia Pacific gateway, family offices have continued to thrive and grow under Singapore-based managers and the country has emerged as one of the most popular destinations to establish a family office in Asia. The number of single-family offices (SFOs) in Singapore exceeded 2,000 by the end of 2024, a 42.9% increase from the 1,400 recorded in 2023. Singapore is ideal for start-ups, and offers the perfect ecosystem, especially for those interested in venture capital. Apart from this, there are many reasons why Singapore can be a great place to start a family office.
A stable, powerful economy
Singapore is often hailed as a politically stable economic powerhouse due to its clear and non-conflicting regulatory and legal framework and reputable judiciary system. It ranks 1st in global and political and operational stability and is the 4th largest recipient of foreign direct investments globally (FDI). This makes the country a thriving location for businesses with over 3000 startups, a global network of 500 investors, and more than 200 incubators and accelerators. In 2025, Singapore introduced significant updates to its fund tax incentive schemes, including Sections 13O, 13U, and the newly introduced 13OA of the Income Tax Act. These revisions aim to align with global tax standards and enhance Singapore’s status as a financial hub.
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The pool of rich human capital
Ease of access to highly skilled wealth management professionals is imperative for the establishment and stable functioning of a family office. Singapore ranks 1st in Asia for talent competitiveness and in the world for high-level skills and talent impact. Additionally, the establishment of strong family office communities like the Global-Asia Family Office Circle by the Wealth Management Institute has enhanced the competency of private wealth management professionals in the country.
Many family offices tend to look to relocate to other countries and make it their home base. Family offices can hire professional advisors with unique skill sets, and they can apply for an Employment Pass (EP) that enables them to work in family offices in Singapore. Family office employees in Singapore can also apply for Singapore Permanent Residence through the Global Investor Program (GIP) to boost their family office setup and operations in Singapore. As of 2024, single-family offices that have received tax incentives employed about 2,200 locals in Singapore.
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Singapore’s family office-encouraging policies
Regulatory changes are the main reason for the hike of new family offices being set up in Singapore. The Singapore Economic Board (EDB) and MAS created the Family Office Development Team (FODT) to boost Singapore’s competitiveness, build a stronger connection with family offices, and provide a better operating environment for them in Singapore. The changes are as follows:
- Improving the operational environment of family offices: Regular reviewing of applicable regulations and policies to ensure that it remains relevant to family offices.
- Offers the best professionals: The FODT provides a ready pool of professionals through training, while the MAS and Institute of Banking and Finance (IBF) developed the Family Office Management Professional Skills Maps, the Family Office Advisor Skills Maps and the Family Office Executive Skills Map to enhance the skills of professionals and advisors.
- Builds a strong family office community: Facilitating experience sharing and co-investment opportunities is key to building a strong community according to the FODT.
Singapore also introduced the Viable Capital Company Structure in 2020, a vital legislation to enhance investment funds and extend it to single-family offices. A licensed or exempt Single Family Office is considered to be contributing to Singapore’s fund tax incentives under the Income Tax Act (Cap 134). Since they don’t manage third-party money, they’re not required to register with MAS.
Prospering life quality
Singapore offers a multicultural and multi-racial society with a world-class education system, attracting wealthy families who want well-rounded education and services. Access to a highly educated workforce in finance, legal, and accounting draws many family offices here.
Strategic geographical location
Singapore’s bilingual culture and location between key Asian markets give it a competitive edge for family offices looking to access China, India, and Southeast Asia. It is also a transportation and logistics hub with international connectivity.
The largest family offices in Singapore
Singapore’s rapid rise has not gone unnoticed by major players. A growing number of single and multi-family offices—both Asia-based and international—have established operations in the city-state. While many prefer to remain discreet, several firms have been publicly linked to Singapore as a key hub in their global footprint. Due to the reasons listed above, Singapore has become the ideal spot for family offices. Keeping Singapore’s fostering environment in mind, here are the 12 largest family offices in Singapore:
1. Tolaram Group
Tolaram Group, founded in 1948 in Indonesia and now headquartered in Singapore, is a diversified holding company with interests spanning consumer goods, fintech, infrastructure, and industrials. The group has a significant presence in Africa, notably through its joint ventures like Kellogg-Tolaram in Nigeria, and has been instrumental in developing the Lekki Deep Sea Port. Tolaram’s commitment to sustainable development is evident in its long-term investments and community integration strategies.
2. Golden Alpha
Golden Alpha is the Singapore-based family office of the Sohmen family, established in 1955 by Sir Y.K. Pao. It manages a diversified portfolio of public and private investments, both directly and through external fund managers. The family office plays a pivotal role in overseeing the family’s global investment activities, including significant interests in the maritime sector through BW Group.
3. AJ Capital Singapore
AJ Capital Singapore, founded by Ben Weprin in 2008 with Abhinav Jhunjhunwala as CEO, operates as a single-family office managing global strategies across commodities, fixed income, private equity, and venture capital. The firm is in the process of launching a $100 million fund aimed at investments in the healthcare and education sectors in Asia, reflecting its commitment to impactful investing.
4. Nair Pte Ltd
Nair Pte Ltd, originally part of Matterhorn Advisory Singapore, now serves as the single-family office for Vinod Nair. The firm focuses on ethical and multi-strategy investing across India, the US, and Europe, with a particular emphasis on emerging markets and philanthropy. Nair Pte Ltd is known for its commitment to responsible investing and long-term value creation.
5. Sassoon Investment Corporation
Sassoon Investment Corporation (SassCorp), established in 1832 in Bombay, operates as the Sassoon family’s investment arm across the Americas and Asia Pacific. The family office backs new fund managers and allocates capital to sectors like food, retail, education, real estate, and technology. SassCorp’s enduring legacy is marked by its adaptability and forward-looking investment approach.
6. Tsao Family Office
Tsao Family Office, founded in 2016, manages the Tsao family’s global assets with a strong emphasis on sustainability and values-based investing. Led by CEO Bryan Goh, the office invests in global equities, fixed income, and private markets, focusing on sectors such as climate, health, and education. The family’s philanthropic initiatives are integral to its investment philosophy.
7. Rumah Group
Rumah Group, established in 2002 by Steve Melhuish, is a Singapore-based single-family office dedicated to sustainable business practices and philanthropy. Its investment portfolio includes private equity and real estate, with a particular focus on climate-related impact investing. The group actively supports environmental causes through its philanthropic endeavors.
8. Taurus Wealth Advisors
Taurus Wealth Advisors, founded in 2008 by Mandeep Nalwa, is a multi-family office with offices in Singapore, Dubai, and Zurich. Managing approximately $3 billion in assets under management, the firm offers services across private equity, risk management, estate planning, and tax advisory. Taurus Wealth Advisors is recognized for its comprehensive wealth management solutions tailored to ultra-high-net-worth families.
9. Prime Asia Asset Management
Prime Asia Asset Management, established in 2016 and led by CEO Tan Edwin, is a multi-family office offering investment consulting, wealth and tax planning, and strategic family governance support to clients across Asia. The firm emphasizes benevolence, commitment, and integrity in its operations, serving a diverse clientele with personalized financial solutions.
10. Maitri Asset Management
Maitri Asset Management, founded in 2015 as the Tolaram family’s investment platform, is the first multi-family office in Asia to achieve B Corp certification. The firm focuses on responsible investing and ESG strategies, contributing 25% of its profits to the Ishk Tolaram Foundation. Maitri is committed to using business as a force for good, aligning financial goals with social impact.
11. RheinGold Family Office
RheinGold Family Office, launched in 2020 by Yolanda Dai and Steve Holdener, offers a wide range of services including investment management, reporting, succession planning, private aviation, and philanthropic structuring for ultra-high-net-worth families. The Singapore-based office is known for its personalized approach to wealth management and commitment to client-centric solutions.
12. One Rock Investments
One Rock Investments, founded in 2010 by Michel Della Libera, is a boutique multi-family office licensed by the Monetary Authority of Singapore. The firm provides independent investment advisory, succession planning, and long-term legacy management solutions, catering to families seeking tailored financial strategies and wealth preservation.
These names reflect the diversity of family offices choosing Singapore—from global billionaires with sprawling investment platforms to next-generation Asian families focused on legacy and governance.
Singapore – the ideal spot for family offices
With some of the largest and most reputable family offices, Singapore has become the ideal spot for family offices that want to expand their portfolios, dive into international jurisdiction, and grow with low tax returns. As Asia’s family office hub, Singapore attracts family offices with its excellent talent pool, efficient policies, strategic geographical location, and great quality of life that offers a vibrant environment for family offices to start up, thrive, and grow.
In snapshot
| No. | Name | Founded | Founder / Key Figure | Type | Key Focus & Sectors |
|---|---|---|---|---|---|
| 1 | Tolaram Group | 1948 | Tolaram Family | Diversified Holding Company | Consumer goods, fintech, infrastructure, industrials, sustainable development |
| 2 | Golden Alpha | 1955 | Sir Y.K. Pao / Sohmen Family | Single-Family Office | Public and private investments, maritime sector |
| 3 | AJ Capital Singapore | 2008 | Ben Weprin / Abhinav Jhunjhunwala | Single-Family Office | Commodities, fixed income, private equity, VC, healthcare, education |
| 4 | Nair Pte Ltd | N/A | Vinod Nair | Single-Family Office | Ethical investing, multi-strategy, emerging markets, philanthropy |
| 5 | Sassoon Investment Corporation (SassCorp) | 1832 | Sassoon Family | Family Investment Arm | Food, retail, education, real estate, technology |
| 6 | Tsao Family Office | 2016 | Bryan Goh (CEO) / Tsao Family | Single-Family Office | Sustainability, global equities, fixed income, private markets, climate, health |
| 7 | Rumah Group | 2002 | Steve Melhuish | Single-Family Office | Sustainable business, private equity, real estate, climate impact investing |
| 8 | Taurus Wealth Advisors | 2008 | Mandeep Nalwa | Multi-Family Office | Private equity, risk management, estate planning, tax advisory |
| 9 | Prime Asia Asset Management | 2016 | Tan Edwin | Multi-Family Office | Investment consulting, wealth/tax planning, family governance |
| 10 | Maitri Asset Management | 2015 | Tolaram Family | Multi-Family Office (B Corp) | Responsible investing, ESG strategies, philanthropy |
| 11 | RheinGold Family Office | 2020 | Yolanda Dai & Steve Holdener | Multi-Family Office | Investment management, succession planning, private aviation, philanthropy |
| 12 | One Rock Investments | 2010 | Michel Della Libera | Multi-Family Office | Independent investment advisory, succession planning, legacy management |
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