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Family who exited De Beers for US$5 billion seeks out Asia's rich

Bloomberg
Bloomberg • 2 min read
Family who exited De Beers for US$5 billion seeks out Asia's rich
The Oppenheimers join a growing number of billionaires turning to Singapore as fortunes surge across Asia.
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The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy.

Edoardo Collevecchio, the former chief of staff for Oppenheimer Generations, is moving from London to build and lead its team in Singapore, while Yi Ling Ong joins from Temasek as head of investment for the Asia unit, the company said in a statement.

The investment firm, which represents a branch of the dynasty that founded mining giant Anglo American and turned De Beers into the world’s largest diamond producer, said it hopes a presence in the city-state will help drive investments between Asia and its home market of Africa.

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