Singapore-based multi-family office Golden Equator Wealth (GEW) has made two senior hires: Rainer Michael Preiss who will serve as portfolio strategist and Ritu Khera in the role of wealth manager, according to a statement from the firm.
Preiss will be working closely with the firm’s wealth managers on client portfolios, while Khera will focus on acquiring new clients and maintaining current ones.
Preiss was previously chief investment officer for equities at Singapore-based Global CIO Office (under Purple Asset Management), which provides outsourced CIO services to family offices, according to a GEW spokesman. He has 25 years of investment advisory experience and has held senior roles with asset management firms and private banks, the statement said.
Meanwhile, Khera was a vice president at BNP Paribas Wealth Management, the spokesman said. She has 20 years of experience in the wealth management industry and has worked in private banks in India, the UK, Hong Kong and Singapore, according to the statement.
Both Preiss and Khera report to Gary Tiernan, GEW’s managing partner, the spokesman said. In total, the firm now has 16 people, which include client managers, investment specialists and operational support.
The firm said that the new hires are part of its expansion plan in the region.
“We continue to develop our client relationships across Asia, but we are looking further afield,” said Tiernan, who joined the firm in November to drive its expansion into other markets.
“We have been engaging in conversations with families from Australia, the Middle East and Europe who are looking to set up a personalised family office in Asia,” he said.
Founded in 2011, the firm manages around S$600m ($429m) in client assets, according to the spokesman.
