Leo Wealth announced that it has acquired Jachin Capital, an independent fund manager, and through the acquisition has opened an office in Singapore.
Jachin Capital was founded in 2014 and offers investment management services to accredited investors in Singapore.
“Being on the ground in Singapore pushes forward our rapid growth in Asia, enabling us to provide dedicated support for the international wealth creation and protection needs of wealthy families, high-net-worth and mass-affluent investors in southeast Asia,” said Jessica Cutrera, president of Leo Wealth.
“Expanding the markets that we serve in Asia continues to be an exciting opportunity for us in 2023.”
The acquisition has been approved by the Monetary Authority of Singapore, with rebranding set to be completed in the first quarter this year.
The founder and CEO of Jachin Capital, Joyce Woo, will remain in her role as chief executive and head of Leo Wealth Singapore and will join the firm’s executive team in Asia.
Woo has over 30 years of corporate and private banking experience in Singapore and southeast Asia.
The Singaporean office will serve as the firm’s operating base in southeast Asia, enhancing its capabilities in comprehensive cross-border wealth management services, including tax and estate planning, investment and financial planning services.
The opening of the Singapore office follows the launch of the Tokyo office in 2022.
Leo Wealth is a global wealth management firm, with offices in six locations serving global families in over 30 countries. It currently oversees $4.5bn in client assets.