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DFO in the Media
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China Wealth Creation: New Realities in 2022
DFO's Rainer Michael Preiss - Forbes Asia Editors' Pick
DFO Pte Ltd SG icon
November 2022

China as a market—post the Chinese Communist Party’s 20th National Congress—remains vulnerable to further disruption. Still, the world’s second largest economy is expected to expand by 5% in 2023, and account for 30% of global growth, according to the IMF. Beijing is focusing on policies to keep prices and unemployment under control—as youth joblessness hit nearly 20% in July, a record high and far above the national rate that hovered around 4% last year. To shore up the economy, state-controlled banks are being encouraged to increase loans to infrastructure, manufacturing and property sectors.

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Read Michael's full article here.

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India Wealth Creation: India Races Ahead in 2022
DFO's Rainer Michael Preiss - Forbes Asia Editors' Pick
DFO Pte Ltd SG icon
October 2022

India has passed the U.K. to become the fifth-biggest economy behind the U.S., China, Japan and Germany. Bolstered by pent-up consumer demand, GDP growth is expected to hit 7% in the year ending March 2023, giving the country bragging rights as the fastest-growing major economy in the world. 

 

It’s a big deal. Sustainable growth historically has eluded India’s stop-go economy. According to Morgan Stanley, the country is now heading toward its best run in over a decade. Credit growth in the industrial sector—a key metric for sustainable development—is picking up post-pandemic. Indian stocks rallied in the first quarter to lift their weighting in the MSCI Emerging Markets Index to the No. 2 spot.

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Read Michael's full article here.

India has passed the U.K. to become the fifth-biggest economy behind the U.S., China, Japan and Germany. Bolstered by pent-up consumer demand, GDP growth is expected to hit 7% in the year ending March 2023, giving the country bragging rights as the fastest-growing major economy in the world. 

 

It’s a big deal. Sustainable growth historically has eluded India’s stop-go economy. According to Morgan Stanley, the country is now heading toward its best run in over a decade. Credit growth in the industrial sector—a key metric for sustainable development—is picking up post-pandemic. Indian stocks rallied in the first quarter to lift their weighting in the MSCI Emerging Markets Index to the No. 2 spot.

​

Read Michael's full article here.

India has passed the U.K. to become the fifth-biggest economy behind the U.S., China, Japan and Germany. Bolstered by pent-up consumer demand, GDP growth is expected to hit 7% in the year ending March 2023, giving the country bragging rights as the fastest-growing major economy in the world. 

 

It’s a big deal. Sustainable growth historically has eluded India’s stop-go economy. According to Morgan Stanley, the country is now heading toward its best run in over a decade. Credit growth in the industrial sector—a key metric for sustainable development—is picking up post-pandemic. Indian stocks rallied in the first quarter to lift their weighting in the MSCI Emerging Markets Index to the No. 2 spot.

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Read Michael's full article here.

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Citywire Asia - DFO targets wealthy Chinese to grow business
DFO Pte Ltd SG icon
September 2022

Singapore-based independent asset management company, Das Family Office (FO), is planning to grow its business by targeting wealthy clients in mainland China.

In an interview with Citywire Asia, Mario Becker, chief executive officer and founder said that while the firm had a ‘little over 10 families’ belonging to various nationalities, it would now be focused on high-net-worth individuals (HNWIs) living in China.

‘We have some partners and relationship managers who are very familiar with China and can speak the language. The profiles of our clients could vary. Some clients are looking at traditional family wealth planning solutions, including a potential relocation to Singapore, while others may want to list their businesses and then start certain wealth planning strategies,’ he said.

Currently the firm has more than $500m in assets under management and operates on a fee-based model, rather than on commission. Becker said that it did not believe in chasing AUM, but was looking to grow through client referrals.

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Read the full article here (pdf)

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Forbes Asia Editors' Pick - DFO's Michael Preiss
DFO Pte Ltd SG icon
September 2022

Rising living costs are on top of Singaporeans’ minds, as the government warns higher inflation and interest rates are likely to persist. Food prices are expected to double to 8.2% in the second half of this year from 4.1% in June, according to Nomura Holdings, while interest rates have been on an upward trend, with three rate hikes since January. An increase in private spending is likely to help buoy the economy in 2022—GDP is targeted between 3% and 4%—but growth is seen dropping back to 3% by 2023 and 2.9% by 2024.

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Read Michael's full article here.

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CEO Mario Becker - Kazakhstan-Singapore Business Council
DFO Pte Ltd SG icon
August 2022

DAS Family Office (Singapore) as the founding member of the Kazakhstan-Singapore Business Council attended its MOU signing ceremony. This event was graced by the Kazakhstan DPM Deputy Prime Minister and Astana International Finance Centre (AIFC) leadership. KSBC aims to promote and enhance the development of commerce and business initiatives between Kazakhstan and Singapore.

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Find out more about business opportunities in Kazakhstan by contacting us or read more here.

Rainer Michael Preiss on Bloomberg Markets
DFO Pte Ltd SG icon
August 2022
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