Asian Private Banker quotes Silvia On and Jeffrey Lee on the growth of our Asia offices
In response to the downturn in IPO activities, law firms in Asia, particularly in Hong Kong and Singapore, have been experiencing a surge in their private wealth business. With a significant influx of capital from mainland China, these firms are expanding their services to cater to the growing demand for wealth protection and succession planning. Several management-level partners at leading law firms in both Hong Kong and Singapore shared their expertise and insights with Asian Private Banker.
Jeffrey Lee and Silvia On, the Heads of Charles Russell Speechlys in Singapore and Hong Kong respectively, have reinforced the Firm's dedication to delivering a broad spectrum of services to high net worth individuals in the region. This commitment is evidenced by the Firm's strategic expansion, including the establishment of a new office in Singapore to take advantage of the growing number of family offices, and the enhancement of service lines such as international arbitration in Singapore and the addition of a corporate commercial team in Hong Kong.
Jeffrey remarks on the strategic importance of the Singapore office:
Singapore has been a hub (in terms of private wealth) for the last decade, with a growing number of family offices being set up. It makes a lot of sense for us to capitalise on our experience and strengths for the opportunities the jurisdiction offers
Commenting on clients' needs, Silvia says:
Clients are now increasingly looking for ‘a one stop shop’. Although our focus is private client, those clients also have other business needs such as corporate and litigation.
Read the full piece in Asian Private Banker here (subscription required).
