Withers has confirmed that it will launch an office in Singapore, its second in Asia, to meet the growing demand from high-net-worth individuals for tax and trust advice in South East Asia.
Withers first unveiled its Singapore move seven months ago (25 July 2011). It now has set a timetable to open the outpost in May, subject to regulatory approval.
The Singapore team will be initially headed by two lawyers relocating from its Hong Kong office. US-qualified partner Jay Krause and UK and Hong Kong-qualified associate Philip Munro are both experienced in servicing private clients in the areas of tax, trust and estates. The firm will make further additions to the Singapore team in the coming months.
Krause has also been appointed to head the firm’s wealth planning team in Asia.
Withers’ managing director Margaret Robertson stated that “even when we opened in Hong Kong we knew it would only be a question of time before we set up in Singapore… I forecast that our Singapore office will grow as quickly as our Hong Kong office”.
The firm established its first Asia presence in Hong Kong in 2008 and added a local law capability with the arrival of a family team led by partner Sharon Ser in 2010 (7 October 2010).