Singapore Emerges as Hub in Dyson Family Office Reshuffle

Singapore family office restructuring is gaining momentum after Weybourne, which manages British inventor James Dyson’s fortune, transferred at least GBP624m (USD834m) from a major UK entity to its Singapore holding company this year, according to reports.

The move reduced the British unit’s share capital to just GBP1 and followed a leadership change in February, when long-time Dyson executive Martin Bowen became chief executive.

The reshuffle included the closure of two UK companies overseeing property investments, with assets shifted to Singapore-linked entities where Dyson’s vacuum-maker is headquartered.

Weybourne has also advertised for a new Singapore-based team to support a multi-asset portfolio, while scaling back parts of its US real estate exposure after acquiring about USD195m of Manhattan properties in 2023.

The Singapore family office restructuring underscores the city’s growing appeal as a wealth-management hub.