LGT Bank’s Lim Ping Ping on the accelerated growth of family offices in Singapore

More tax incentives are on the cards for family offices that donate to local charities and non-profit entities. Speaking at a summit on family offices, Deputy Prime Minister and Finance Minister Lawrence Wong said such firms will get more support to build their philanthropic base here. The number of family offices in Singapore has jumped seven-fold since 2017. Ms Lim Ping Ping, APAC head of Family Advisory and Wealth Planning Services at LGT Bank, shared more about the accelerated growth of family offices in Singapore.

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