Collas Crill, the Channel Islands-based law firm, is poised to capture a larger share of Singapore's high net worth market following the success of the Society of Trust and Estate Practitioners conference on 1 and 2 November, where it was one of the key sponsors. 

The firm opened a Singapore office in 1 August in a bid to promote both Jersey and Guernsey fiduciary services to potential clients based in Singapore. At the recent STEP event, Trusts, Families & Business - An Asian Focus, Collas Crill made its presence known to over 400 trust professionals from worldwide.

"We have been warmly received by the international and local finance community, who welcome the offshore legal expertise that we bring to Singapore, even though it is already well served by professional firms. We can provide real-time access to Guernsey and Jersey legal expertise and this differentiates us from all other firms," said Sean Cheong, head of Collas Crill in Singapore who moved from Guernsey to the city-state in January this year. 

The Channel Islands are attractive to investors because their financial policies are seen as "stable, safe and highly reputable."

There are 99,000 high net worth individuals in Singapore as of 2010, up 21.3 per cent from the previous year, and this number is growing, according to a study by Merrill Lynch and Capgemini. There are around 3.3 million people in Asia with a minimum of $1 million in investible assets as of 2010.