More banks were introduced on Raiz’s platform in Malaysia as its exclusivity agreement with Maybank expired last month.

More banks were introduced on Raiz’s platform in Malaysia as its exclusivity agreement with Maybank expired last month.
Raiz Invest’s investor base in Malaysia and Indonesia is growing.
Indonesia’s affluent population is forecast to grow annually around 8%, and foreign firms have been moving in.
The Singapore firm’s majority stake adds it to the growing list of asset and wealth managers in Indonesia.
Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.
Post-election instability and trade issues weigh on Indonesian share prices, but top funds keep longer-term gains.
The firm also claims that its pure discretionary business in Asia is higher than the average in the region, according to Claude Haberer, equity partner and CEO for Asia-Pacific.
The firm also likes onshore China bonds, despite the potential for an escalation of the trade war with the US.
Mary Lee has joined Bank J Safra Sarasin’s ultra-high-net-worth team as managing director for client advisory, based in Singapore.
Assets of shariah-compliant funds in Asia continue to grow, driven by the markets of Malaysia and Indonesia, according to a report by Boston-based research firm Cerulli Associates.
Part of the Mark Allen Group.