Gibson Tullberg, the search firm specialising in wealth management, has relocated managing partners Tim and Matilda Gibson-Tullberg from Geneva to Singapore, this publication can exclusively report.

Gibson-Tullberg, the search firm specialising in wealth management, has relocated managing partners Tim and Matilda Gibson-Tullberg from Geneva to Singapore, this publication can exclusively report.

The firm opened an office in Singapore in 2010 and has seen that demand for wealth managers is on the rise, in particular for bankers covering the South East Asian markets.

“There is a sizeable pool of new and untapped wealth in Indonesia and Greater China, which has become a top priority for private banks and wealth managers,” said Tim Gibson-Tullberg.

The move is the latest example of the growing status of Singapore, which has a higher proportion of millionaire households than anywhere else in the world.

Jessica Torres, who heads up the company’s office in Singapore, said that headhunting is becoming more important as the market matures.

“The South East Asian and expat markets for talent have operated independently for some time but we now see a strong push on market share, costs and talent acquisition which is leading to a rebalancing of previous norms,” said Cedric Tay, a senior consultant.

The firm emphasised that the relocation does not mean that the firm is departing from the Swiss market. Gibson Tullberg also has an office in London.