Marcuard Heritage and Marcuard Trust have secured two business licences from the Monetary Authority of Singapore, representing a key milestone for these two wealth businesses.

Marcuard Heritage, the group’s wealth management arm, now holds a capital markets service licence and will continue to provide a range of investment services to ultra high net worth individuals, the businesses said in a statement.   

Marcuard Trust, the group’s provider of advisory and fiduciary services, received a trust business licence and will now be able to offer Singapore trusts and trusteeship in addition to fiduciary services from other jurisdictions to UHNW families and their businesses.

The development of both Singapore platforms comes at an opportune time for Marcuard Heritage and Marcuard Trust, both originally founded in Switzerland, the firms said in a statement.

The group is interested in serving as a bridge between Europe and Asia, ensuring that Asian families have access to best-in-class, transparent investment and structuring solutions whilst supporting European families wishing to expand their investment and business horizons to Asia, the statement continued.