Singapore allure for family offices strong amid new rules

Singapore’s de facto central bank earlier this month announced a slew of measures targeting family offices, whose numbers have soared during the past couple of years. In doing so, the Monetary Authority of Singapore (MAS) unveiled rule changes that included a number of carrots, but also a few amendments that in some quarters have been characterised as sticks. Yet the city-state’s appeal as a destination for family offices appears undimmed, according to sources in the sector who …