Editor's note

Fund formation and FinTech: Singapore’s next battles - Roundtable

Singapore was rainforest, fringed by mangrove swamps, with about 150 people when the British acquired it as a colony in 1819. It soon thrived as a trading city because it lay sheltered from storms, right at the bottleneck where ships passed from the Pacific to the Indian Ocean.

In 1965, when it became independent, Singapore had almost 2 million people, crowded slums, negligible natural resources, and an economy dependent on shipping. But Singapore’s one-party government used this sense of crisis to build a wealthy, modern city by using strict controls. They lowered the birth rate, moved nine of ten Singaporeans into new high-rise condominiums, and developed new banking and manufacturing business while expanding shipping even more. By 2015, Singapore had about 5.6 million people and a high standard of living. Its GDP per capita is ranked 3rd in the world, only behind Qatar and Luxembourg. Singapore has the world's highest percentage of millionaires, with one out of every six households having at least one million US dollars in disposable wealth. This excludes property, businesses, and luxury goods, which if included would increase the number of millionaires, especially as property in Singapore is among the world's most expensive.

Fund formation and FinTech: Singapore’s next battles

Singapore’s economy is diversified, with financial services, manufacturing, oil-refining as top contributors. For many years, Singapore was, from a cost and regulatory perspective, the perfect Asian hub for fund startups. However today, the traditional Singapore package of First World operating and living environment at 40% of London costs with a chance to keep a much bigger part of the top-line after tax, is not really the case anymore. Today, all the countries – including Singapore – are subject to the same regulatory and economic pressure, which means that cost of doing business increase and regulatory requirements are high.

This leads to a structural change in the industry... Download the new Opalesque Singapore Roundtable here:




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World’s Largest Gathering of Family Office Wealth: 20-21 Nov. St. Regis Resort Bal Harbour, Miami Beach


Panelists wanted: World's Largest Gathering of Family Office Wealth:

  • Largest gathering of Billion-Dollar+ Family offices globally
  • Organised by family offices for family offices
  • 4th event in global series after Dubai, Monaco
  • Leading family offices from US, Europe and Middle East to attend.
RITOSSA Family Office, a 600 year old family business dating back to the Venetian Empire in Europe, is bringing its 4th Global Family Office Investment Summit, 20&21 November 2017, to the St. Regis Resort Bal Harbour, Miami Beach (agenda: www.fo22.org). Registration is free for single family offices, delegates get a 15% discount quoting Opalesque.

I am organising and moderating two panels:

  • Crytocurrencies, Initial Coin Offerings (ICOs) & Blockchain
  • Artificial Intelligence & Machine Based Learning
In addition, there are speaking opportunities at the following panel sessions:
  • Elite Investor Insights As We Approach 2018
  • Impact & Social Responsible Investment Opportunities
  • Real Estate - Where Are We Finding the Best Opportunities
  • Spot Light on Co-Investment Opportunities
  • "World of Women"
  • Thinking Outside the Box in Dynamic Low Yield Environment
Please get in touch if you are interested in joining a panel by hitting reply or by emailing knab@opalesque.com.

This event is the world's largest & most exclusive gathering of Elite Family Office Decision Makers ever held in the U.S. Over 150+ Elite Family Offices, Prominent Business Owners, & Royal Family Private Investment Offices from across the global are scheduled to attend - over $1 trillion in investor wealth.

Facilitated by family offices, the summit will provide two days of private peer-to-peer conversation, networking and cross-border thought leadership designed to make you think about what to look out for, how you are investing, and why?

Over 50 Family Office Speakers including the likes of:

  • Habib Al-Assaad, Co-Executive Director of AFAQ Group / Private Royal Office of Sheikha Latifa Mohammed Bin Mejirin Al Murar Espoused to His Highness Sheikh Hasher Bin Ahmed Bin Juma Al Maktoum, UAE
  • Jason Cavanagh, CEO, Saint Leonard Family Office (SFO), Monaco
  • Anthony Ritossa, Chairman, RITOSSA Family Office (SFO), Australia & Europe
  • Nabil Nazer, CIO, Al Sulaiman Group (SFO), Kingdom of Saudi Arabia
  • Hussein Sayed, CNBC Arabia Anchor, UAE
  • H.E. Zulfiquar Ghadiyali, CEO, Private Royal Office, Sheikh Tahnoon Bin Sneed Bin Tahnoon Al Nahyan, UAE
  • Gordon "Grant" Curtis, CIO, CI Investments (SFO), Switzerland
  • Badr Al Towaijri, CIO, Al Towaijri Holding (SFO), Kingdom of Saudi Arabia
  • Elliott Donnelley, Founder, 5th Generation Single Family Office, White Sand Investor Group, USA
  • Karim Ghandour, Founder, Legacy Line Family Office, UAE
  • Adil Divgi, CIO, EA Global (SFO), USA
  • Alexey Pleshakov, CIO, SD Ventures Family Office (SFO), Russia
  • Candice Beaumont, CIO, L Investments (SFO), USA
  • Wendy Craft, COO, Favara (SFO), USA
  • Howard Cooper, CIO, Cooper Family Office (SFO), USA
  • Dr. Rania Azmi, 3rd Generation SFO, Founder of Alexandrite Decisions, Kuwait & Egypt
  • James R. Hedges IV, Founder, HEDGES Company (SFO), USA
  • Dr. Ahmed Emara, Founder & Group CEO, ReAya Holding (SFO), Kingdom of Saudi Arabia
  • Stephen Kennedy Smith, Principle, Kennedy Enterprises (SFO), USA
  • Aneel Ranadive, Managing Partner, Soma Capital (SFO), & Sacramento Kings Ownership, USA
  • Mitzi Perdue, Chair, Perdue Farms (SFO), USA
Please forward or alert your friends and colleagues if you think they could be interested.