Bank of Singapore Family Office Catalyst Launched for Ultra-Wealthy

The Bank of Singapore family office unit has unveiled its Family Office Catalyst, offering ultra-high-net-worth individuals (UHNWIs) with assets of at least USD250m a professional alternative to single-family offices. The platform provides access to investment expertise, digital tools, and tax exemptions under Singapore’s Sections 13O and 13U. Eligible clients must commit at least USD20m through discretionary or advisory portfolios, with the option to transition to an SFO later. The Bank of Singapore family office initiative responds to rising costs and talent shortages that are reshaping Asia’s wealth management sector, as noted in a recent McKinsey report.