To The Moon

SEP 19, 2023 05:00 PM THE Covid-19 health crisis is mostly in the rear-view mirror, but the Bank of Singapore’s (BOS) wealth and trust planning business continues to reap a silver lining. Wealth planning and structuring activity have intensified among BOS’ ultra-high net worth (UHNW) clients, causing a significant uptick in the establishment of trusts. BOS expects the number of UHNW clients who set up trust structures in Singapore to more than double this year. In the first six months alone, the number of trusts, established through its subsidiary BOS Trustee, has exceeded the whole of 2022. The average assets under management (AUM) in trusts is also three to four times larger than the average trust’s AUM in 2022. The value of assets in trusts set up in the last three years alone comprises

With continued increased in interest rate, it will  result in recession. 

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