Falcon Group, a single family office based in Zurich, Dubai and Buenos Aires, plans to widen its reach to areas such as Singapore and introduce external family money for the first time.

Falcon Group, a single family office based in Zurich, Dubai and Buenos Aires, plans to widen its reach to areas such as Singapore and introduce external family money for the first time, media reports said.

The firm is adding staff in its Singapore office, the publication said, including the appointment of Mark Prendiville, formerly the Singapore head of institutional sales at Julius Baer. He joined the business in the middle of January as a managing director. Falcon is also understood to have made other hires in Singapore.

WealthBriefingAsia is in contact with Falcon about the matter and will update in due course if necessary.

At Julius Baer, Prendiville had advised clients such as family offices and ultra high net worth individuals, the report said, adding that he had advised Falcon for some time in this capacity before moving to an in-house role there. The publication quoted unnamed sources, and said that Falcon has declined to comment.

(Falcon Group is not, as far as this publication is aware, connected to Falcon Private Bank, nor the US-based firm Falcon Investment Advisors, which is a private equity business headquartered in Boston, Massachusetts.)