The firm, with a number of offices in Asia, has added two senior figures; between them they have more than 65 years' professional experience in the field such as serving UHNW clients.

Raffles Family Office has appointed two senior figures in Singapore: Terence Seow, and Shaun Lim.

Seow is joining as managing director, board advisor and Lim has been named as MD for relationship management. 

“Our people are the cornerstone of our competitiveness and the defining force behind who we are. Their experience will further strengthen our ability to serve the evolving needs of UHNW families in Asia,” Chi Man Kwan, group CEO, said in a statement.  

Seow brings over 40 years of experience in the banking and financial services industry and has held senior positions at Citibank, DBS, Bank of Singapore and other major financial institutions.

Lim has more than 25 years of experience advising UHNW individuals and their families across global financial centres. He most recently served as market head of the North Asia Team at RBC Wealth Management, and previously served in senior roles at Morgan Stanley, JP Morgan, and Credit Suisse. He will report to Kendrick Lee, CEO of Singapore.

RFO, which has dual headquarters in Hong Kong and Singapore, also has a presence in Shanghai, Taipei and Bangkok. In April, Raffles Assets Management (HK) Co, part of RFO, launched its first digital assets fund. In November last year, RFO added two senior figures from UBS to its team in Hong Kong.