New family office launched in Singapore by PE firm and Swiss wealth manager

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Jul 12, 2023
1 year ago
Singapore
Credit: BLOOMBERG

The number of family offices in Singapore doubled from 2020 to 2021 –– and keeps expanding.

The private equity firm Tembusu Partners, based in the city-state, has teamed up with Swiss wealth manager Reuss Private to launch a multi-family office in Singapore. 

The new firm, Tembusu Wealth Management, will be headed by Managing Partner Jonathan Ng, who previously ran Pictet Private Wealth’s Southeast Asia wealth management arm.

Singapore's wealth management market is booming, rising by $350 billion between 2017 and 2021, according to data from the Monetary Authority of Singapore.

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.