Leading PreceptsGroup into the Future
From Director of Trust to Deputy CEO, Leong Mun Kid has played a pivotal role in shaping PreceptsGroup’s trust business. Now, as he takes on this new leadership position, we sit down with him to learn more about his journey, his vision for the company, and his perspectives on estate and succession planning.
In this exclusive interview with The Custodian (TC), Leong Mun Kid (LMK) reflects on the milestones that have brought him here, the lessons learned, and what lies ahead—not just for the organisation, but for the future of estate planning as a whole.
A Journey of Growth and Leadership
TC: Congratulations on your promotion to Deputy CEO! Could you share with us how long you have been with PreceptsGroup and your journey leading up to this role?
LMK: Thank you! I joined PreceptsGroup in 2016 as manager of the trust department, bringing with me a background in will writing, estate planning and trust setup. Prior to that, I was working in Rockwills (Malaysia) as a manager in legacy planning, trust.
Over the years, I have worked closely with our team and partners to strengthen our trust business and enhance our offerings. It has been a rewarding journey, and I am honoured to now serve as Deputy CEO, working alongside our leadership team to drive the company forward.
I am deeply grateful for the invaluable mentorship and guidance from our CEO, Mr Lee Chiwi. His support has been instrumental in my journey towards becoming the Deputy CEO, and I am eager to continue contributing to our company’s success.
TC: What are some key lessons you’ve learned from your time as Head of Department of Trusts that you will bring into your new role?
LMK: One of the biggest lessons I’ve learned is that estate and succession planning is not just about technical expertise-it’s about trust. There is no one size fits all solution and with each client, we must exercise empathy, be willing to listen to our clients before recommending any solutions.
As Deputy CEO, I want to reinforce this mindset across our teams and ensure that we continue to lead the industry with professionalism and care.
TC: What do you think sets PreceptsGroup apart from other estate planning firms?
LMK: Our holistic approach.
PreceptsGroup is a one-stop solution offering Wills, trusts, custody, and LPA services, but what truly differentiates us is the depth of our expertise and our commitment to education.
We don’t just provide services—we empower clients and professionals with the knowledge they need to make informed decisions. Addition lly, our strong network of
Estate and Succession Practitioners (ESPs) allows us to extend our reach and serve a wide range of clients with customised solutions
The Road Ahead: Vision and Aspirations
TC: What are your key priorities in your new role?
LMK: At PreceptsGroup, we have always been committed to providing comprehensive estate and succession planning solutions. We are in an era where adoption of artificial intelligence (AI) is essential in improving efficiency and productivity.
Adopting AI would also help to reduce unnecessary mundane work and to allow
ourselves to focus on servicing our clients. With the increasing demand for trust solutions and estate planning expertise, we are also looking at how we can adopt AI and technology to better support our Estate and Succession Practitioners (ESPs) and empower them to serve our mutual clients effectively.
TC: Where do you see PreceptsGroup in the next five years?
LMK: We want PreceptsGroup to be the go-to name for estate and succession planning in Singapore and beyond. This means embracing innovation, enhancing our education initiatives for both clients and professionals, and continuously refining our offerings.
We also see opportunities in regional expansion and digital transformation, ensuring that our solutions remain accessible and adaptable to different market needs.
Beyond Work:Getting to Know Leong Mun Kid
TC: While many in the industry know you for your expertise, we’d love to learn more about you on a personal level. What do you enjoy doing outside of work?
LMK: I am a watch enthusiast, I enjoy reading articles and watching videos about watches. Before you ask, no, I don’t spend a fortune buying watches, I just enjoy spending time appreciating different types of watches.
I used to collect numismatic coins but have since paused this hobby to spend more time (and money) with my family, especially my daughter. Seeing my daughter growing up reminds me of the importance of estate planning, ensuring that I have planned properly with my Will, Trust, and set aside sufficient funds for her upbringing, especially if I leave this world unexpectedly
TC: If you could give one piece of advice to young professionals looking to enter the estate planning industry, what would it be?
LMK: I will not sugar-coat this; estate planning is tough if you are young and inexperienced. Clients hesitate to have trust in you based on your young age. Be humble, be willing to learn, accept constructive feedback, reflect on your mistake and move on.
Final Thoughts
TC: Any final message for our readers?
LMK: I’m excited about what lies ahead for PreceptsGroup, and I look forward to working with all our ESPs, partners, and clients to build a stronger, more resilient estate planning ecosystem. Let’s continue to grow together and make a lasting impact in this industry
This article was first published in our newsletter, The Custodian Issue 33. Click here to access our latest newsletter
