Vivien Teu & Co LLP is pleased to announce and welcome Freda Lim, who has joined as Counsel to our financial services group. Freda will play a key role in the firm’s wealth management and trusts practice, and she shall also continue her focus in succession planning and probate matters for private clients. Freda has most recently been Special Counsel with the Hong Kong office of UK firm Withers, and brings with her more than 10 years of dedicated private clients practice experience.
The addition of Freda Lim reflects growing client needs on specialist trust and succession planning matters, and is highly synergistic with our existing strength in investment funds and financial regulatory practice of our asset management group. Freda will no doubt add to our depth and breadth in expertise to provide legal advice and support on financial services, investments and wealth planning matters. We look forward to providing solid service and working alongside our clients and contacts who are wealth managers, trust service providers, private banks and family offices in this common space.
We would also like to take this opportunity to share our observations on the growth of family offices in Asia as an increasingly important constituent in private wealth management.
With increasing wealth levels in Asia, more family offices are in recent years set up in the region. This has already been a global trend – in a recent front-page article of The Wall Street Journal, family office was referred to as the new force on Wall Street (“New Force on Wall Street: The ”Family Office”, 9 March 2017).
We examine the key elements of the functions and services for family offices, and outline some key legal aspects as well as relevant regulatory considerations for establishing family offices or structures, or when family office professionals offer related services, in this special publication: