SBR: Singapore’s family offices - time to professionalise or risk falling behind

In a recent Singapore Business Review commentary, CEO Lennard Yong highlights that while Singapore continues to attract family offices through attractive tax incentives and a strong regulatory framework, many Single Family Offices (SFOs) must professionalise their operations - moving beyond informal processes and legacy practices to adopt robust governance, structured reporting, and scalable systems. Without this evolution, SFOs risk falling behind in a rapidly changing global landscape where clear accountability, compliance strength, and operational excellence are increasingly essential to long-term success.