Avestar Capital Expands Global Reach with Singapore Office Launch
US-Based Multi-Family Office Strengthens Global Footprint to Serve Asia's Ultra-Wealthy Families
SINGAPORE — Avestar Capital, a prominent name in the U.S. multi-family office sector, has officially launched its operations in Singapore under the name AVESTAR SINGAPORE PLC PTE. LTD., marking a significant step forward in its global expansion strategy. This new hub will serve the Asia-Pacific region, focusing on delivering personalized wealth management to ultra-high-net-worth (UHNW) families.
Founded and led by the visionary Xerxes Mullan, Avestar Capital has garnered a commendable reputation within the United States for merging stringent wealth management practices with a nuanced understanding of family dynamics worldwide. The firm intricately combines investment advisory services, tax and estate planning, philanthropy, and generational education into one cohesive platform, ensuring that families' needs are met without conflicts of interest.
"Singapore represents a natural extension of our global vision," stated Xerxes Mullan, the CEO and Founder of Avestar Capital. "Families in Asia are increasingly in search of an advisory partner who comprehends the complexities associated with multi-jurisdictional wealth. They require institutional-grade expertise alongside a personal approach, which forms the foundation of Avestar's philosophy."
Leading the office in Singapore will be Zal Devitre, who serves as the CEO of Avestar Singapore. With an impressive resume boasting over twenty years of experience in wealth management and advisory for family offices, Devitre is well-equipped for this role.
"Our presence in Singapore allows us to cater to clients in one of the world's most vibrant and sophisticated wealth centers," Devitre remarked. "Today's families expect a combination of global perspectives, innovation, and a focus on long-term benefits. Avestar's approach, rooted in trust, discretion, and sustainable results, aligns perfectly with the expectations of Asia's entrepreneurs and wealth creators."
As part of this launch initiative, Avestar Capital is set to strengthen its collaborations with leading investment management, tax, and legal advisory firms, working to provide comprehensive support for families with cross-border interests. This strategy reflects the firm's ongoing commitment to delivering solutions that are informed by global trends while being locally relevant.
With Singapore establishing itself as a premier destination for family offices, bolstered by robust regulatory frameworks and a stable economic environment, Avestar's entry into this market signifies its commitment to meeting the evolving needs of Asian business families, investors, and the next generation of leaders.
The establishment of Avestar Singapore marks a pivotal moment in the firm's mission, dedicated to offering tailored wealth strategies, fostering global connections, and delivering lasting value to families across generations.
Meet Our Leadership Team
At the helm of Avestar Capital is Xerxes Mullan, whose expertise has shaped the firm’s strategies. His understanding of family dynamics is complemented by Zal Devitre, who is now leading the Singapore office.
Xerxes Mullan: Visionary Leader
Xerxes has a deep background in wealth management and is dedicated to bridging the gap between U.S. practices and Asian market needs.
Zal Devitre: Leading Singapore Operations
With extensive international experience, Zal is set to drive Avestar's mission in Asia, catering to the unique demands of its clients.
Frequently Asked Questions
What is the purpose of Avestar Capital's new Singapore office?
The Singapore office aims to enhance Avestar's wealth management services for ultra-high-net-worth families in the Asia-Pacific region.
Who leads the Singapore office of Avestar Capital?
The Singapore office is headed by Zal Devitre, who brings over 20 years of experience in wealth management.
What unique services does Avestar Capital offer?
Avestar Capital integrates investment advice, tax planning, philanthropy, and educational initiatives tailored to families' needs.
How does Avestar Capital cater to diverse family needs?
The firm combines local insights with global investment strategies to serve families with complex, multi-jurisdictional interests.
What is the vision behind Avestar Capital's expansion?
Avestar Capital aims to provide personalized, conflict-free wealth management services that are responsive to the evolving specifics of Asian markets.
