People Moves

Milltrust's New MFO Recruits Singapore-Based MD, Continues Expansion

Editorial Staff 8 January 2024

Milltrust's New MFO Recruits Singapore-Based MD, Continues Expansion

The organisation, which was launched in 2023, is designed to tap into the burgeoning wealth of Singapore and other locations.

East West Private Wealth (EWPW), the recently-formed multi-family office launched by Milltrust International, has appointed former senior bank figure Edward Higgins as managing director. He is based in Singapore. 

Higgins has an 18-year career in private banking, working at Morgan Stanley, Credit Suisse, and Julius Baer

EWPW offers investment opportunities including venture capital, liquid public equity funds, and direct impact-driven co-investments, in addition to real assets investments. The MFO uses Milltrust International’s internal asset management capabilities, such as the British Innovation Fund II, the Climate Impact Asia Fund, and the Global Emerging Markets Fund, along with its suite of emerging market public equity country funds, venture funds and real assets. EWPW has a presence in Geneva, Monaco and the United Arab Emirates in addition to its London and Singapore offices. 

Last year, the multi-family office appointed Gary Dugan as chief investment officer. Dugan has worked in Europe, the Middle East and Asia, holding CIO positions at Barclays Private Bank, Emirate NBD and Coutts, and senior roles at Merrill Lynch and JP Morgan, before founding the Global CIO Office. In Singapore, Milltrust director and veteran fund manager, Dennis See leads EWPW’s affiliate, First Estate Capital Management.

This news service has spoken to Simon Hopkins, chair and founder of the MFO, about its strategy and will publish an interview in due course.

Simon Hopkins

This news service has spoken to Milltrust about topics such as agriculture innovation and sustainability. See another example here.

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