In January 2020, Swisspartners Marcuard Heritage acquired the trust company of Marcuard Heritage, which it has renamed Swisspartners Marcuard Trust (Singapore), finews.asia can reveal.
The Firm has been fully licensed as a trust company by the Singapore Monetary Authority (MAS) since 2010 and is located in the heart of the central business district at 1 George Street, according to further information.
The board of Swisspartners Marcuard Trust (Singapore) consists of Dorothy Yeo, Evelyn Tay, David Sykes (pictured below), and Robin Graetz. The firm has a team of professionals based in Singapore. It consists of trust and corporate professionals as well as compliance specialists who speak Mandarin, English, and Italian.
«Asia is important for the trust group to complement our offering in Europe, including our longstanding operations at Swisspartners Marcuard Heritage in Zurich and SPMH (Cyprus) in Larnaca, which was established in 2018,» a spokesperson said.
Variety of Tools and Services
The company provides wealth planning and wealth structuring, using a variety of tools including trusts, foundations, companies, life insurance, and private label funds. «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 residence in Singapore,» the spokesperson further said.
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.
Growing Internationally
Swisspartners was founded in 1993. Today, it is one of the largest financial service providers in Switzerland and growing internationally. The group’s approximately 120 employees serve discerning private clients from around the world from offices in Zurich, Geneva, Vaduz, and Feldkirch.
