Published by Wealthbriefing Asia – 14th June 2017
Mark Smallwood, previously of Deutsche Wealth Management, has resurfaced as managing director of Confidentem Private Office, based in Singapore.
Spending 14 years at Deutsche, Smallwood had been a member of the executive and management committees of the asset and wealth Management businesses, head of wealth planning for Asia-Pacific and global head of insurance solutions at the German firm. Prior to this, he owned and operated a multi-family office in the Caribbean which incorporated both a trustee and corporate services business, as well as an insurance company, selling these in 2003. He has been a full member of the Society of Trust and Estate Practitioners for 18 years.
“There is an enormous transfer of wealth underway in Asia, yet families are faced with fragmented and confusing choices from where to seek advice on how to deal with the challenge,” Smallwood said in a statement.
Confidentem Private Office provides services from the drafting and execution of wills, through to the establishment and management of complex family trusts, and aggregated wealth reporting.
“With the first generation of wealth transfer underway, combined with increased transparency and globalisation, family heads have a significant challenge to set up the necessary structures to effect this transition for their family in an optimal manner. This structuring requires time, careful thought, implementation and communication; our role will be to provide the sounding board and mechanism to initiate and manage the process for our clients. I am very much looking forward to working with both our clients and the broader professional community,” Smallwood added.