In January 2020, swisspartners Marcuard Heritage AG acquired the well-established trust company of Marcuard Heritage in Singapore, which it has renamed swisspartners Marcuard Trust (Singapore) Pte. Ltd. The company has been fully licensed as a trust company by the Singapore Monetary Authority since 2010 and is located in the heart of the central business district at 1 George Street.
The board of swisspartners Marcuard Trust (Singapore) Pte. Ltd. consists of Dorothy Yeo, Evelyn Tay, David Sykes and Robin Graetz.
swisspartners Marcuard Trust (Singapore Pte. Ltd.) has a team of professionals based in Singapore who are dedicated to assisting our existing and new clients with an emphasis on personal service. The team speaks Mandarin, English and Italian and consists of trust and corporate professionals as well as compliance specialists.
Asia is important for the trust group to complement our offering in Europe, including our longstanding operations at swisspartners Marcuard Heritage AG in Zurich and SPMH (Cyprus) Ltd. in Larnaca, which was established in 2018.
The company provides wealth planning and wealth structuring, using a variety of tools including trusts, foundations, companies, life insurance and private label funds. Trusts and companies based in Singapore are often used as holding vehicles for businesses or indeed to engage in commercial activities. In this area, we offer trust and corporate services and can assist in the relocation of family members to Singapore.
We continue to see a demand for relocation and residency services from individuals in the region and further afield, and our team is well placed to assist those looking to take up residency in Singapore. As we believe it is vital to listen to clients, we work with third-party experts to find the best solution that fits the family’s dynamic.
We are very excited about this new initiative as we believe Singapore is the key jurisdiction in Asia for wealth planning and wealth structuring.
Singapore is the gateway to Asia and is well placed to benefit from the growing wealth of entrepreneurs in the region who now require wealth planning and wealth structuring. Wealthy individuals and their families are concerned about the preservation of their wealth and wish to ensure that it is safeguarded not just for the next generation but for future generations as well. The growth of the Chinese economy has also spurred growth in other countries in the region and this wealth is looking for a safe home.
Singapore is often referred to as the Switzerland of Asia as it is politically and economically stable and has an excellent range of professional service providers. swisspartners Marcuard Trust (Singapore) Pte. Ltd. has already been providing bespoke services to its clients for the last 10 years and is well placed to benefit from the increased interest in Singapore.
We are very excited to have this new member of the swisspartners family and we look forward to working with our existing clients as well as welcoming new ones.
If you have any questions or require more information, please do not hesitate to contact Evelyn Tay (Singapore) and David Sykes (Zurich).
swisspartners Marcuard Trust (Singapore) Pte. Ltd
Head Trust & Corporate Services, Partner