Raffles Family Office has announced the promotion of Kendrick Lee, its managing partner and co-founder, to the role of chief executive officer (CEO) of its Singapore office, effective April 1, 2024. This move is aimed at bolstering the firm’s operations in the city-state and throughout Southeast Asia.

With Singapore serving as one of the firm’s dual headquarters, alongside Hong Kong, this appointment enhances Raffles Family Office’s capabilities within the region. A spokesperson highlighted that Lee’s new role will further the firm’s growth and strengthen its presence in Southeast Asia.

Prior to co-founding Raffles Family Office, Lee accumulated 15 years of experience in private banking, having held various positions at Pictet, CIC, and Indosuez. He specialized in providing services to ultra-high-net-worth clients across countries such as Thailand, Indonesia, and Singapore. Lee played a pivotal role in the firm’s expansion into the region, notably overseeing the establishment of its Singapore office in 2019.

Commenting on his new position, Lee remarked, “With the surging demand for family office services in the region, our mission to provide bespoke, comprehensive wealth management solutions has never been more important.”