Mark Florance

Mark Florance

Executive Chairman for Asia  |  Butterfield Trust
JURISDICTION

Singapore

RECOMMENDED SPECIALISMS

Simple Structures
Exotic Assets
Multi-National Families

TOP AREAS OF EXPERTISE

My trust focus is on the higher value, more complex trusts, in line with Butterfield’s model. Growing businesses in Asia.

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

Being part of the team expanding Butterfield’s business in Asia and seeing the opportunities take shape.

How did you get into private client?

I have been in the finance sector my whole career, a lot of it in investment banking.  I have been involved with trusts for many years, but became more interested in it when I saw the potential of Butterfield’s model in the sector.

What advice would you give rising stars/new lawyers in the private client world?

Think laterally; imagine what the industry will look like in five years’ time and design your career accordingly.

What is your favourite quote?

“Life is not a rehearsal.”

Do you have any outside interests or hobbies?

I have pre-teen kids – hobbies are a luxury!  As for outside interests, I do spend a lot of time in the sustainability and ESG space.

When the restaurants reopen, where would you like to go?

In Singapore, the restaurants have been open since June 2020.  They are so busy it is hard to get a booking.  I am looking forward to getting back to Ku De Ta in Bali!


Christine Tan

Christine Tan

Managing Partner, Private Wealth  |  Vistra
JURISDICTIONS QUALIFIED IN

Singapore

RECOMMENDED SPECIALISMS

Private Banking


Valerie Wu

+6563095605

Valerie Wu

Partner, Head of Tax and Trust Asia  |  Pinsent Masons LLP
JURISDICTIONS QUALIFIED IN

Singapore
England and Wales

TOP AREAS OF EXPERTISE

Family business governance
Family office
Tax

Q&A

What has been the highlight of your practice over the past 12 months?

Working closely with the regulator in Singapore to develop a new company structure in Singapore called a Variable Capital Company – with it we are now competitors to Cayman and Luxembourg for instance, and we can enable families to bring wealth to Singapore in line with economic substance.

How did you get into private client?

It was by accident. I was the most junior partner in a firm and the senior partner gave me a portfolio of clients they were disinterested in – they were very old trust deeds. In 2004, Singapore updated the trust law and this file became the most active. I was previously a tax lawyer so it became natural for me to stay there.

What advice would you give rising stars/new lawyers in the private client world?

Take a long term view in everything you do.

What is your favourite quote?

“Those who hear not the music think the dancers mad." Friedrich Nietzsche.

Do you have any outside interests or hobbies?

Fashion and assembling looks! I am trying to learn how to play the piano.

When the restaurants reopen, where would you like to go?

Imperial Treasure Super Peking Duck – a hole in the wall in the Far East Plaza.


Choon Leng Tan

+65 9873 9537

Choon Leng Tan

Partner  |  JurisAsia LLC
JURISDICTIONS QUALIFIED IN

Singapore
England and Wales

TOP AREAS OF EXPERTISE

Asset holding structures
Family business governance
Other – M&A involving Family Businesses

Q&A

What has been the highlight of your practice over the past 12 months?

Helping families grow their businesses through funding, acquisitions and investing into new companies.

How did you get into private client?

I used to be based in Indonesia, which is where I started my career on the back of the Asian financial crisis. I initially worked for companies in tax and trust and then they asked us to deal with private clients.

What advice would you give rising stars/new lawyers in the private client world?

You are in a privileged role of advising some of the most successful families and individuals in the world. So respect that privilege by staying on top of your game and be so good, they can't ignore you.

What is your favourite quote?

"The great trick the Devil ever pulled was convincing the world he didn't exist." Roger 'Verbal' Kint.

Do you have any outside interests or hobbies?

Dog enthusiast and into numerous sports!

When the restaurants reopen, where would you like to go?

The Naked Finn, Singapore - the food is great and the service is fantastic.


Vikna Rajah

+6562320597

Vikna Rajah

Partner  |  Rajah & Tann Singapore
JURISDICTIONS QUALIFIED IN

Singapore

TOP AREAS OF EXPERTISE

Tax
Setting up family offices
Succession Planning & Drafting Trust Deeds.

Q&A

What has been the highlight of your practice over the past 12 months?

We have seen a huge spike in services for family offices. Singapore has a very enticing tax exemption for family offices. It has been around for a few years, but it has quadrupled between 2016 – 2020.

What advice would you give rising stars/new lawyers in the private client world?

Be passionate about your work and enjoy the journey of guiding your clients through the intricate web of succession planning.

What is your favourite quote?

“Never go into business purely to get money. If that’s the motive, you’re better off doing nothing." Richard Branson.


Dawn Quek

+6564342599

Dawn Quek

Principal  |  Baker McKenzie Wong & Leow
JURISDICTIONS QUALIFIED IN

Singapore
England and Wales

TOP AREAS OF EXPERTISE

Tax
Trust and estate planning
Tax restructuring

Q&A

What has been the highlight of your practice over the past 12 months?

Over the past 12 months, I have worked closely with regional UHNW clients to simplify issues and provide clients with practical and sensible advice. Chambers Asia Pacific and Legal 500 directories have consistently identified me as one of the leading practitioners in the wealth management space in Singapore. My recent win as the Private Client Lawyer of the Year 2018 by Asia Legal Awards further highlights my stellar wealth management practice and reputation in the legal sphere.


Lester Huang

+852 2533 7608

Lester Huang

Partner  |  PC Woo & Co
JURISDICTIONS QUALIFIED IN

Hong Kong
England and Wales
Australian Capital Territory
Singapore


Stacy Choong

+65 6922 3718

Stacy Choong

Partner  |  Withers KhattarWong (Singapore)
JURISDICTIONS QUALIFIED IN

Singapore
United States (NY)

TOP AREAS OF EXPERTISE

Families and family offices
Estate planning
Succession planning and wealth structuring

Q&A

What has been the highlight of your practice over the past 12 months?

Setting up many single family offices in Singapore for the most elite private clients in the region and also for European and American clients setting up Asian family offices.
Applying tax exemptions for the family offices and the funds managed by the family offices.
Setting up multi-family offices in Singapore.
Assisting clients to participate in the Indonesia tax amnesty and post-amnesty structure and compliant reporting.
Advising on CRS compliance.
Advising on family governance.

What advice would you give rising stars/new lawyers in the private client world?

Develop not just your client's trust but have a trusted team of advisers in the regions in which you practice in. Keep in touch regularly with your trusted team, as it is critical to keep abreast of all relevant developments.


David Chee

+65 6531 2486

David Chee

Director, Private Client Services  |  Drew & Napier
JURISDICTIONS QUALIFIED IN

Singapore

TOP AREAS OF EXPERTISE

Personal and estate planning
Philanthropy and charitable giving
Succession planning

Q&A

What has been the highlight of your practice over the past 12 months?

Advising a prominent Singapore company on the establishment of a philanthropic trust which has, to date, donated more than S$1 billion. Continue to advise the company in connection to the activities of the trust. Recognised by Chambers and Partners as one of the leading lawyers in Private Wealth Law in the 2018 High Net Worth Guide. A client praised David for his “very well-rounded set of skills”; another said he is “technically excellent,” and “always up-to-date on what's happening financially in the area, because he's worked for trust companies.”


Sui-Mei Ban

Sui-Mei Ban

Partner  |  GSM Law
JURISDICTIONS QUALIFIED IN

Singapore