DBS launches world’s first multi-family office VCC for ultra-rich families to manage their wealth

DBS Private Bank has launched the world's first Multi-Family Office (MFO) under the Variable Capital Company (VCC) structure, catering to ultra-high-net-worth individuals.

Named DBS Multi Family Office Foundry VCC, it operates as an umbrella VCC with multiple sub-funds. As a minimum qualification, clients must invest at least $15 million in assets.

Offering customisable investment strategies under each sub-fund, the structure provides an alternative to single-family offices (SFOs) with lower entry requirements. The VCC structure also ensures segregated liabilities and rigorous data protection, allowing diversification of investment risks. DBS will manage governance and compliance for clients, and aims to onboard 20-25 ultra-wealthy families by the end of 2023.

Article by Chor Khieng Yuit for the Straits Times. Read more here or in the PDF below.

DBS launches world’s first multi-family office VCC for ultra-rich families to manage their.

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