07 February 2022

Carey Olsen strengthens trusts and private wealth offering in Asia with senior hire

Carey Olsen has appointed experienced practitioner Rachel Yao to continue the expansion of its trusts and private wealth offering in the Asia-Pacific region.

Rachel has joined the firm's Singapore office, having most recently led Taylor Wessing's private wealth team in Greater China.

Rachel, who will lead Carey Olsen's trusts and private wealth offering in Asia, regularly acts for professional trustees, family offices, wealth managers, financial institutions, settlors and beneficiaries, and advises on the establishment and restructuring of a wide range of trust structures. She also has particular experience on cross-border matters and advising high net worth individuals and ultra-high net worth individuals from China and the wider Asia-Pacific region with their family wealth preservation and global asset allocation.

Commenting on her appointment, Rachel said: "I am delighted to be joining Carey Olsen's Singapore office at such an exciting time for the firm as a whole across the Asia-Pacific region. I am also looking forward to working with the global trusts and private wealth team and contributing to Carey Olsen's incredibly strong reputation and success in this area."

Carey Olsen Singapore managing partner Anthony McKenzie said: "Rachel is a highly accomplished lawyer and someone who enjoys a great reputation in the private client sector in Asia, particularly among Chinese firms and clients. Her extensive experience in this regard makes her the ideal choice to spearhead the ongoing development of our trusts and private wealth practice not only in Singapore but across the wider Asia-Pacific region."

Native in Mandarin, fluent in English and proficient in Cantonese, Rachel has been admitted to the Chinese Bar and is qualified as a solicitor in England and Wales.

Carey Olsen has one of the largest trusts and private wealth teams in the offshore world, advising local and international clients and their advisers on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey and Jersey. In the past year, the team has been named best private client offshore law firm at the 2021 eprivateclient Excellence Awards and maintained its position as the leading offshore law firm in the Chambers and Partners High Net Worth rankings

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