The Bank of Singapore, Asia’s Global Private Bank has made some significant moves by appointing Elvin Ho as the head of family office and structuring solutions, along with Guo Jiawen taking on the role of head of family office and wealth advisory for Singapore, starting May 4, 2026. This news was shared by Business Times.
These appointments highlight the Bank of Singapore’s dedication to enhancing its expertise in succession planning and legacy transfers for ultra-high-net-worth clients, especially as demand in this area continues to grow.
In the past year, Asian private banks have been ramping up their family office capabilities, with similar appointments seen at JPMorgan Private Bank in Hong Kong and DBS in Singapore. This trend reflects a regional shift towards more structured wealth solutions as ultra-high-net-worth clients increasingly look for multi-generational planning.
Today, effective succession planning demands specialized structuring skills that go beyond just traditional asset allocation. Legacy transfer strategies are now incorporating tax, philanthropy, and governance factors more than ever. It’s crucial for family office principals to ensure that their advisors have solid credentials in structuring before moving forward.
So, what happens if succession planning continues to focus solely on assets?
These appointments highlight the Bank of Singapore’s dedication to enhancing its expertise in succession planning and legacy transfers for ultra-high-net-worth clients, especially as demand in this area continues to grow.
In the past year, Asian private banks have been ramping up their family office capabilities, with similar appointments seen at JPMorgan Private Bank in Hong Kong and DBS in Singapore. This trend reflects a regional shift towards more structured wealth solutions as ultra-high-net-worth clients increasingly look for multi-generational planning.
Today, effective succession planning demands specialized structuring skills that go beyond just traditional asset allocation. Legacy transfer strategies are now incorporating tax, philanthropy, and governance factors more than ever. It’s crucial for family office principals to ensure that their advisors have solid credentials in structuring before moving forward.
So, what happens if succession planning continues to focus solely on assets?