Singapore boutique deal reflects acquisition trend
New Silkroutes Group has bought 51% of multi-family office Stamford Management, amid expectations of further wealth industry consolidation.
![Singapore boutique deal reflects acquisition trend](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FThe_Esplanade_%E2%80%93_Theatres_on_the_Bay%20-%20low-res%20Singapore.jpg&c=1&h=677&q=100&v=20244401&w=1204)
Singapore-based New Silkroutes Group has acquired 51% of $250 million multi-family office Stamford Management, reflecting a trend towards consolidation in the private wealth industry in Asia and beyond.
The move by NSG – whose businesses include oil and gas trading, enterprise info-communication system integration, and network security – is part of its push to expand into asset management.
It follows NSG’s formation of a joint venture with New York-based CG Capital Partners to o…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.