Asian bank DBS has created the “world’s first” bank-backed multi-family office that leverages Singapore’s Variable Capital Company (VCC) structure.
The VCC structure is a new corporate structure for investment funds constituted under the Variable Capital Companies Act which took effect on 14 January 2020.
This comes amid rising interest from ultra-high net worth (UHNW) families around the world to set up family offices in Singapore.
The DBS M...