In this commentary, Tai Lai Kok, Family Business Tax Leader, and Elliot Chaw, Director of Family Business Services at KPMG Private Enterprise in Malaysia, shared their insights on the Forest City Single Family Office (SFO) scheme. They discussed how the initiative marked a new chapter in Malaysia’s wealth management landscape, positioning Forest City not only as a nation-building platform that can empower ultra-high-net-worth families to formalize governance, strengthen succession planning, and align their wealth strategies with Malaysia’s long-term economic goals, but also goes beyond tax incentives to drive purposeful wealth stewardship and sustainable growth.
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