Matthew Deeprose, St James’s Place
Wealth management firm St James’s Place (SJP) has launched its Asia private client proposition in Hong Kong and Singapore.
The minimum investable net worth required will initially start at $1m (£730,000, €850,000), but this is expected to increase as client demand continues to grow.
As part of the offering, SJP Asia private clients will be able to access the group’s relationships with tax managers, accountants, expatriation consultants, mortgages/estates and insurance specialists.
Matthew Deeprose, commercial director of SJP Asia, said: “Since launching the SJP brand in Asia in 2015, we have been able to help a significant number of private clients with a broad range of needs. Their feedback has helped us design a service that we believe both meet the needs of a broad range of private clients, whilst offering significant value.
“With Asia seeing the fastest growing number of millionaires per capita in the world and a strong demand for a transparent multi-generational advice-based approach, we see significant potential for our offering in the market.
“Since we launched this service earlier in 2021, we have already been able to help a number of new and existing clients, as well as receive interest from private bankers and relationship managers to partner in our growth.”
