Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families
- Farro says it amassed over $1 billion in assets since October
- Highlights Asian financial hub’s rise as a wealth center
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Singapore-based multi-family office Farro Capital says it has amassed more than $1 billion in assets under management just four months after it launched, highlighting the city-state’s rise as a hub for wealthy clans.
The firm was founded in October by former Bank of Singapore market head for Global South Asia and the Middle East Hemant Tucker, Maitri Asset Management’s ex-Chief Executive Officer Manish Tibrewal and three others. Much of the current client base is of Indian origin, and the rest come from a variety of backgrounds from Europe to other parts of Asia, Tucker said.