Singapore family offices create 1,400 ‘well-paying’ local jobs

Single family offices (SFOs) have created 1,400 ‘generally well-paying’ jobs for Singaporeans and permanent residents, including around 900 in the last three years, the government said yesterday. In a written parliamentary reply to questions about SFOs, senior minister Tharman Shanmugaratnam said two thirds of the local staff earn salaries in…