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Stephen Banfield

Stephen Banfield

Partner, Real Estate & Asset Management, Tax and Head of Family Office & Private Client

KPMG in Singapore

Stephen joined KPMG in Singapore as Tax Partner, Real Estate & Asset Management in 2021. With over 18 years of tax advisory experience, he has spent more than half of his career in Singapore.

Stephen began his career with a leading Australian law firm where he principally assisted on financial services clients. This included financing transactions such as sale and leasebacks, structured finance and capital raisings. He also worked in the United Kingdom for a Magic Circle law firm and in Papua New Guinea during the implementation of the PNG LNG project.

Stephen has advised across a range of industries and the diversity of his experience has given him a deep appreciation and understanding of the principles of international taxation. He has developed particular expertise in the asset management and private client space, which he has honed during his time in Singapore.

Prior to joining KPMG in Singapore, Stephen was a Partner with the Tax and Private Client team of the Singapore office of an international private client law firm. In this role, Stephen advised Ultra High Net Worth clients on the design and implementation of wealth planning structures including the use of single family offices. Stephen advised on almost all aspects of these structures including Singapore tax and regulatory matters. He was also regularly engaged by institutional asset managers to provide Singapore tax advice on fund formation and investment structuring projects.

Education and qualifications
  • Bachelor of Commerce from the University of Newcastle

  • Bachelor of Laws with Honours (First class) from the University of Newcastle

  • Masters of Commerce with Honours from the University of New South Wales

  • Masters of Laws from the University of Sydney

  • Passed the Foreign Practitioner Exam administered by the Singapore Institute of Legal Education

Accreditation
  • Admitted as a Solicitor of the Supreme Court of New South Wales