Avestar Capital, a U.S.-based multi-family office, is opening in Singapore to chase a growing pool of ultra-wealthy Asian families that are shifting assets, and decision-making, to the city-state.
The firm said it has launched an Asia-Pacific hub through AVESTAR SINGAPORE PLC PTE. LTD., extending its advisory model beyond the US.
Avestar, founded by Chief Executive Officer Xerxes Mullan, positions itself as a “conflict-free” platform that blends investment advice with tax and estate planning, philanthropy and next-generation education for families with assets spread across multiple jurisdictions.
“Singapore represents a natural extension of our global vision,” Mullan said, describing rising demand in Asia for advisers that can handle multi-jurisdictional wealth while offering institutional-grade expertise with a more personal approach.
The Singapore unit will be led by Zal Devitre, who Avestar said has more than two decades of international experience in wealth management and family office advisory.
Devitre said Singapore’s status as a major wealth center will help the firm serve entrepreneurs and wealth creators looking for global reach and long-term planning.
Avestar said it plans to deepen partnerships across investment management, tax and legal advisory to support clients with cross-border needs, as Singapore continues to attract family offices drawn by regulatory clarity and political stability.
Business News Asia
