Family Office

Discussion in 'Wall St. News' started by dealmaker, Mar 27, 2016.

  1. dealmaker

    dealmaker

    Markets | Tue Apr 17, 2012 12:34am EDT
    Europe's old wealth seeks new home in Asia
    SINGAPORE | By John O'Callaghan and Charmian Kok


    Reuters/Tim Chong/Files
    In the 1470s, the prominent Spinola family of Genoa had an apprentice business agent in Barcelona named Christopher Columbus helping to handle their shipments, preparing the young sailor for his later voyages of discovery to the New World.

    These days, that Italian clan and other ultra-affluent families are moving assets to Singapore by setting up family offices in a city-state often touted as the Switzerland of Asia.

    http://www.reuters.com/article/us-wealth-families-asia-idUSBRE83G05020120417