Farro Capital co -founder of the joint family financial room, Manis, revealed that some customers have recently transferred the account to Singapore because they believe that the Singapore Financial Administration's regulatory frameworkGood, Singapore's banks and European banks in Singapore are safer.
Several small and medium -sized banks in the United States and Credit Suisse have burst into crisis. The Swiss government decided to let a group of bonds from Zero Zero that affects the Swiss Wealth Center. Markets have observed that recent investors have transferred funds toSingapore is decentralized, and Singapore's status as a financial and wealth management center is expected to be further strengthened.
Multi Family Office Farro Capital co -founder, Manish Tibrewal, revealed that some customers recently transferred the account to Singapore because they believed that the Singapore Financial Administration's regulatory framework was consideredGood, Singapore's banks and European banks in Singapore are more secure.
Farro Capital provides services for customers with asset size exceeding $ 25 million (S $ 33.3 million).Manis said that some families have shifted funds out of CreditEss last year. He suggested that all customers do so last October. At present, customers are generally worried about other European banks.
However, the possibility of investors transfer a lot of funds to local banks.Mannis still recommends that customers should maintain banking relations with the banks of the United States, Europe and Asia to obtain the best service in various regions. When choosing a European bankThe bank's business is not much exposed to banks.
Xu Qinshi, chief executive officer of Franklin Medici, also observed that some investors have recently transferred funds from Switzerland to Singapore.
He said that the Swiss government decided last weekend to let Credit Capital's additional first -level capital (Additional Tier 1 (AT1) bond reduction this move disappointed the investment community.This is because in the investment community, the shareholders should bear the loss first, and then it is the bond holder.The value of some of the shareholders of Creditkin was retained, but the AT1 bond investors could not take it back, and there was a consistent compensation order of the market.
The interest of new and old customers worldwide is increasing
After the Swiss government made this decision, the HKMA issued a statement on Wednesday (March 22) saying that the official will follow the order of liquidation when exercising the right to save financial institutions, that is, shareholders bear the losses first.
Bai Shizhen, a visiting professor at the National University of Singapore and the dean of Li Bai Financial College, believes that the rich awareness of the wealth management of wealth management will increase, and some funds will flow to Singapore.
Zhao Minyao, the private wealth director of the Bank of Daonek, said: "Customer interest has increased. Since January this year, the net inflow of new funds has achieved good growth."
Pan Zhiwei, managing director of the Private Bank of Star Show, said that in the past three years, new and old customers from all over the world have continued to increase in Singapore. Seeing Singapore as a safe and sound platform, Singapore has grasped Singapore, Asia and a wider market investment and financing of financing and financing.Chance."Under the recent uncertain factors, the interests of customers and our cooperation have further increased, because Asia is not only the center of creating wealth, but also the center of managing wealth."
Pan Zhiwei revealed that the scale of household asset management of DBS has doubled in the past two years.
The Fozl Group partner and chief strategic officer Zhou Yan, who helped companies land and set up home -run, pointed out that Singapore's politics and financial systems were stable when they were questioned, and they were in business and interconnected with the world.International investors choose Singapore is not only a consideration of funding security, but also an international strategic layout.
He said: "In the current severe international financial situation, more investors should consider Singapore."
