Bank of Singapore offers UHNWIs SFO-style investment vehicle

They can qualify for tax exemptions of single-family offices without setting up one.

Bank of Singapore (BOS) has launched a solution for ultra-high net worth individuals (UHNWIs) that provides advantages traditionally associated with single-family offices (SFOs) without the need to establish a dedicated SFO.

The Bank of Singapore Family Office Catalyst will be appointed as the fund manager of the UHNWI’s investment vehicle that can qualify for tax exemptions under Singaporean law, similar to those available to SFOs.

The funds in the investment vehicle with at least US$20m assets under management (AUM) will be professionally managed by BOS through discretionary portfolio management (DPM) or advisory portfolio management (APM), according to the press release on 18 August 2025.

UHNWI customers will also have access to BOS’ resources and wealth management expertise, including wealth planning and trust services.

They will be offered the flexibility to transition to an SFO structure if they wish to do so.

BOS said that its Asia equity portfolio has delivered a 14.2% year-to-date return as of June 2025, whilst its Singapore equity portfolio posted 12.6% gains.

Over the last five years, annualised returns reached 12.7% for its Singapore equity portfolio. Its ESG mandate achieved over 20% annualised returns in the two years since it was launched, the bank added.

As of 2024, BOS’ AUM in the UHNWI segment recorded double-digit growth, with clients in the segment having a net worth of US$250m and above.