Billion-dollar family office on expansion trail

The starting point for Singapore’s Thirdrock was getting seeded in 2010 by two billionaire family clients to run some $500 million, meaning it was a substantial family office from the get-go. The firm – run by Jason Lai as CEO and Melvyn Yeo as CIO – has since taken on more clients and bigger chunks of its original families’ portfolios and now supervises more than $1 billion in assets. It is moving to build out its capabilities and create an institutional-level infrastructure. T…