Singapore-headquartered Wrise Group has set up a wealth management operation in Hong Kong to serve ultra-high net worth individuals and family offices across the special administrative region.
Marcus Wong has joined Wrise WM Hong Kong as vice chairman.
The firm said that with the number of family offices increasing across Asia Pacific, and the market pivoting towards portfolio performance and transparency, client’s expectations for wealth management are much higher than before.
It added that demand for growth and risk diversification across asset classes and sustainability are also high on the agenda – therefore the IAM has set up an office in Hong Kong.
Derrick Tan, chairman and chief executive of Wrise Group, said: “There are today, more UHNWIs in the greater China region than ever before, so it is critical we have a physical presence in these markets to better address our clients’ wealth management needs.
“Hong Kong, being the gateway to greater China, is a natural choice for setting up this office, which is the second to launch following the establishment of our Singapore office in July last year.”
