US Family Office Avestar Capital Opens Singapore Hub for Asia Expansion

US family office Avestar Capital has opened a Singapore hub, positioning the city-state as its Asia-Pacific base as it expands beyond the United States.

The new entity, Avestar Singapore Pte. Ltd., will be led by Zal Devitre, a wealth management executive with more than two decades of international experience, the firm said.

Founder and chief executive Xerxes Mullan said Asian ultra-high-net-worth families increasingly require cross-border advice that integrates investment management, tax, estate planning, philanthropy and next-generation education.

The Singapore hub will allow Avestar Capital to deliver global reach with a deeply personal approach, Devitre said.

Avestar Capital added it will partner with regional investment, tax and legal advisers to serve cross-border clients, without disclosing assets under advice or headcount.