The firm has made its first major foray outside the UK with an office in the Asian city.
UK law firm Penningtons
Manches Cooper is opening its first private wealth
practice outside the UK, in Singapore.
The practice will be led by Rachel Yao, who is joining as
partner and head of private wealth for Asia, subject to
regulatory approval, the firm said in a statement last week.
Yao was formerly with Carey Olsen, where she led the trusts
and private wealth practice in Asia. She advises high net worth
and ultra-high net worth individuals, families, family offices,
professional trustees and private banks
throughout Asia-Pacific on cross-border wealth structuring,
succession planning, trusts, philanthropy and family governance.
Before Carey Olsen, Yao spent nine years at Taylor Wessing in
Shanghai and London, leading the firm”s international private
wealth practice for Greater China.
Yao is a Mandarin-speaking trusts and private wealth lawyer based
in Singapore specialising in offshore law, with a client base of
entrepreneurial families and business owners from mainland China,
Hong Kong, Taiwan and Southeast Asia. She sits on the committee
of the Singapore branch of the Society of Trust and Estate
Practitioners, and is admitted to practise in England and Wales,
the British Virgin Islands, the Cayman Islands and the People’s
Republic of China, as well as holding registrations in Bermuda
and Singapore.
