Selby Jennings, the financial recruitment firm, is moving into a bigger office in Singapore after less than a year in the region.

Since opening an office in Singapore in June last year, the firm’s Asia-Pacific revenue has grown by almost 200 per cent, Selby Jennings said. Over that period, the consultant team has quadrupled.

Singapore’s status as a wealth management centre is on the rise. The jurisdiction has the highest proportion of millionaire households in the world, according to Boston Consulting Group.

The company said that more Singaporean consultants as well as secondments from London are about to join the team, and that more space has become necessary. The office is located in the new One Raffles Place Tower 2 and will open its doors at the beginning of April.

Selby Jennings’ parent group, Phaidon Capital, has described Asia as its main growth area for this year and the next.