US firm Butler Snow has launched into Asia with an office in Singapore.
Its Singapore office is headed by private client and wealth management partner Kurt Rademacher, who has relocated from the firm’s headquarters in Mississippi to the city-state for the expansion. The office will focus on delivering US tax and estate planning advice to ultra-high net worth families and family controlled businesses across key Asian markets.
“Opening this Singapore office establishes the firm’s presence in Asia, amidst a growing client base,” said Butler Snow chairman Donald Clark.
The firm’s latest expansion comes two years after its first European launch in London, an initiative that was also led by Rademacher alongside London-based partner Brad Westerfield.
“We selected Singapore because it is a leading financial hub, has a business-friendly environment and offers a strong legal framework,” said Rademacher. “Its position as a convenient gateway to the rest of Asia, where many Butler Snow clients are located, makes it extremely attractive.”
In addition to the Singapore launch, Butler Snow has also opened a virtual office in Hong Kong to support the firm’s key markets in North Asia such as Hong Kong, China and Taiwan. Rademacher confirmed that Hong Kong was also an important market and the firm was looking to establish a long-term presence in Hong Kong soon.
“Singapore will serve as a regional office with a full-service Hong Kong office to follow,” he added.
Butler Snow now has over 300 lawyers and 19 offices including its two international locations in London and Singapore.
Asia’s growing population of high net worth individuals has attracted many private clients-focused firms to set up a regional base in Singapore, including UK’s Withers, which opened its Singapore office in 2012 and established an formal law alliance (FLA) with local firm KhattarWong last year.