Oon & Bazul's M&A Practice acted in the acquisition of a multifamily office, AL Wealth Partners, by Nasdaq-listed global wealth management group, AlTi Tiedemann Global

Oon & Bazul’s M&A Practice acted in the acquisition of a multifamily office, AL Wealth Partners, by Nasdaq-listed global wealth management group, AlTi Tiedemann Global

Published On: May 17, 20230.6 min read

Corporate Partner and Head of M&A, Yi Wayn, successfully acted for AL Wealth Partners, a multifamily office with assets under management (AUM) of approximately S$1.5 billion, in their acquisition by Nasdaq-listed, AlTi Tiedemann Global, an independent global wealth and asset manager with AUM and/or advisory of US$65 billion.

This milestone is set to elevate their advisory services for wealthy families, tapping into Singapore’s booming family office space. With an estimated 700 family offices in Singapore, up from 80 in 2017, this strategic move aligns with the evolving needs of affluent clients. Independent asset managers have transformed into multifamily offices, focusing on investment advisory and portfolio management.

Read the full story on the Business Times here.