The family office of Google co-founder Sergey Brin is setting up a branch in Singapore, joining the rush of uber-wealthy clans toward the Southeast Asian financial hub.

Bayshore Global Management, the California-based firm that services Brin, established an office in Singapore late last year, according to documents filed with the corporate regulator. Deputy Chief Investment Officer Marie Young was appointed as a director of the unit.

Brin is the world’s ninth richest person, with a net worth of US$86.5 billion, according to the Bloomberg Billionaires Index. He is the latest tycoon to take advantage of Singapore’s low taxes, high security and generous incentives for family offices, which manage the lives and wealth of the super-rich.

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