British and Malayan Trustees

What British and Malayan Trustees does

British and Malayan Trustees Limited (BMT) is a Singapore-incorporated, MAS-licensed independent trust company founded in 1924, operating as a wholly-owned subsidiary of British & Malayan Holdings Limited (BMH), which has been listed on the SGX mainboard (ticker CJN) since 27 July 2017. The firm delivers three core service lines from its sole office at 1 Coleman Street (#06-11 The Adelphi, Singapore): Private Client Services (trust administration, standby trusts, estate administration, private trust companies, charities/foundations and real estate services for families and HNWIs); Corporate Services (REITs trusteeship, corporate and transactional financing as trustee and agent, escrow services, and paying-agent functions for bond and MTN programs); and Fund Administration, which is conducted under a Capital Markets Services (Custodial Services) license and covers custody of listed and unlisted securities, settlement, income collection and corporate-action processing for fund managers.

BMT's revenue model is fee-based and work-based rather than asset-based: private-client mandates generate recurring administration fees, corporate mandates generate transactional fees (REITs, bond/escrow, paying agent), and fund-administration mandates generate managed-services fees for custody and back-office support. The go-to-market is relationship-driven — direct inquiries via the website contact form, phone, email, WhatsApp, Zoom or in-person consultations, augmented by referrals from lawyers, tax advisors, bankers and family offices. Customer segmentation is split roughly 50/50 between corporate and private trusts, served globally across Australasia, Asia, the Middle East, Europe and North America from the Singapore hub.

No proprietary technology platform is disclosed; the company operates as a traditional fiduciary services provider. In April 2023 the parent BMH acquired a 35% stake in PreceptsGroup International Pte Ltd (PGI, formerly Rockwills Singapore), adding wills drafting, corporate secretarial services and an estate-planner training academy to the group's service perimeter. The firm is led by Group CEO David Anthony Koay Siang Hock, Executive Director & Resident Manager Florence Chua, Senior Finance Manager & Resident Manager Jacqueline Teo, and Head of Trust Administration Sunny Leow, under Non-Executive Chairman Colin Lee Yung-Shih. Customer logos, AUM and revenue figures are not publicly disclosed.

Name

British and Malayan Trustees

Legal name

British and Malayan Trustees Limited

Website

https://bmtrust.com

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

11–50 employees

Short description

British and Malayan Trustees is a Singapore-licensed, MAS-regulated independent trust company, founded 1924, serving families, HNWIs, charities, corporates and fund managers globally with private trust administration, corporate trustee services, and CMS-licensed fund custody.

Ownership category

akta.pro rank

Product category

Trust and Fiduciary Services

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592), Trusts, Estates, and Agency Accounts (525920)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Personal & Family Trust Services (FSAAANAA)

akta.pro secondary industries

Corporate & Institutional Trust Services (FSAAANAB), Structured Finance Legal, Trustee & Administration (FSACACAJ), Personal Trust & Fiduciary Administration (FSAEAKAA)

Keywords

• Trust services
• Fiduciary services
• Estate administration
• Corporate trustee
• Fund administration

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Private Client Services: Trust administration services for families and high-net-worth individuals, including trust administration, standby trusts, estate administration, private trust companies, charities/foundations, and real estate services. Revenue is generated through fees charged based on work required rather than asset value.
2. Corporate Services: Services including REITs trusteeship, corporate and transactional financing (securities, bond offerings, MTN Programs), escrow services, and paying agent services for bondholders.
3. Fund Administration and Custodian Services: Back-office fund administration services licensed under Capital Market Services (Custodial Services) for fund managers and fund vehicles. Includes custody of listed and unlisted securities, security settlement, income collection, and corporate action processing.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

British and Malayan Trustees Limited is a Singapore-licensed independent trust company delivering fiduciary services through three core lines: Private Client Services (trust administration, standby trusts, estate administration, private trust companies, charities/foundations, and real estate services for families and HNWIs), Corporate Services (REITs trusteeship, corporate and transactional financing, escrow, and paying agent services for businesses), and Fund Administration (CMS-licensed custodial services for fund managers). It has operated continuously from Singapore since 1924 and serves clients globally across Australasia, Asia, the Middle East, Europe, and North America.

Product overview

British and Malayan Trustees is a licensed independent trust company offering a unified platform of fiduciary services through three core service lines: Private Client Services, Corporate Services, and Fund Administration. Private Client Services encompasses trust administration, standby trusts, estate administration, private trust companies, charities/foundations, and real estate services. Corporate Services includes REITs trustees, corporate and transactional financing, escrow services, and paying agent functions. Fund Administration provides custodian services and funds services under a Capital Markets Services license. The company has been providing these services since 1924 and serves clients globally across Australasia, Asia, the Middle East, Europe, and North America.

Differentiator

Problem solved

Functional benefit

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• Food from the HeartminorOthersBMH Group partnered with Food from the Heart, a non-profit IPC-status organization that feeds the needy in Singapore, for their inaugural food donation drive in June 2023. Donations exceeded $3,636 in Halal food items including rice, vermicelli, oats, biscuits, beverages, and canned food. Beneficiaries were low-income families with household incomes below $690 per month.
• Willing Hearts CLG LtdminorOthersBMH Group staff volunteered with Willing Hearts CLG Ltd on March 27, 2025. This secular charity with IPC status operates a central community kitchen preparing and distributing approximately 10,000 free meals daily to individuals across Singapore. This was the second year of staff volunteering with the organization.
• Metta Welfare AssociationminorOthersOn May 6, 2025, BMH Group donated eleven used but fully functional Dell monitors and cables to Metta Welfare Association. This non-profit provides essential welfare services and medical care to intellectually disabled, elderly, and chronically/terminally ill residents in Singapore. The donation supported both community welfare and environmental sustainability by reducing electronic waste.
• Montfort CareminorOthersBMT hosted a community event titled 'Building Meaningful Ties – A Block Party' in collaboration with Montfort Care, a social service agency operating several Active Ageing Centres across Singapore. The event held at Goodlife Studio in Telok Blangah Towers welcomed approximately 25 seniors for an afternoon of interactive activities, arts, crafts, and community engagement.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• IQ-EQ: Global private client, trust, family office and fund-services firm (formed from the merger of Estera and SGG, with Equiom integrated). Competes with BMT in private trust and family-office administration for HNW and UHNW clients across multiple jurisdictions including Asia.
• Perpetual Limited: ASX-listed (PPT.AX) provider of trustee, wealth, financial advisory and corporate trust services in Australia. Closely comparable to BMT in that it is a listed group operating a long-standing independent trustee franchise serving private clients and institutions.
• Tricor Group: Asia-headquartered provider of integrated trust, corporate secretarial, fund administration and investor services across the region. Overlaps with BMT on corporate trustee, fund administration and cross-border structuring mandates, particularly for clients using Singapore and Hong Kong.
• Vistra: Global provider of corporate, trust, fund and fiduciary services with a sizeable Singapore presence. Competes with BMT on private trust, corporate trustee and fund-administration mandates, and serves a similar HNW and institutional cross-border client base.
• Hawksford: Global provider of corporate, trust and fund services with offices in Singapore and other major wealth hubs. Overlaps with BMT on corporate trustee, private client and fund-administration mandates, particularly for cross-border holding and wealth structures.
• Zedra: Global trust, corporate and family-office services firm with offices in Singapore and Asia. Competes with BMT on private trust, family office, corporate trustee and fund-administration mandates for international HNW families and asset-holding structures.
• Asiaciti Trust: Singapore-headquartered licensed trust company serving private clients, corporates and fund vehicles across Asia-Pacific with private trust, corporate and fund-administration services. Direct competitor to BMT in the Singapore MAS-regulated trust market with overlapping HNW and corporate client segments.
• Equity Trustees: Australia-listed (ASX:EQT) independent trustee company providing personal, corporate, estate and superannuation trustee services. Comparable heritage (founded 1888), listed-trust-company model and overlapping service lines make it a structurally close peer to BMT, albeit in the Australian market.
• TMF Group: Global provider of compliance, accounting, tax, payroll, corporate secretarial and fund administration services. Overlaps with BMT in corporate trustee, escrow/paying-agent and fund-administration work, particularly for cross-border holding structures anchored in Singapore.

Broad incumbents

• DBS Private Bank: Singapore-headquartered private banking division of DBS Group offering integrated wealth, trust and estate-planning services to HNW clients. A larger incumbent offering trust capabilities as part of a broader banking, wealth and investment platform — not a specialist trust firm, but it competes for the same Singapore-anchored HNW trust mandates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/british-and-malayan-trustees-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about British and Malayan Trustees