The number of Middle Eastern clients setting up family offices in Singapore has doubled in the past year and will continue to grow as they focus more on Asia - DBS Private Bank in Singapore says. Speaking at the Asia-Middle East Investment Summit in Singapore last week, Terry Farris, head of family office services at DBS Private Bank in Singapore, says he expects 50% of his firm’s discretionary portfolio management to be on behalf of Middle Eastern wealth by the end of June.
