Wealth management firm Wrise Group is expanding its operations to Hong Kong with the launch of Wrise Wealth Management Hong Kong, led by financial markets veteran Marcus Wong.
“There are today, more UHNWIs [ultra-high-net-worth individuals] 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,” said Derrick Tan, chairman and CEO of Wrise Group.
“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.”
“We are excited to bring our approach to wealth management to the UHNWIs in Hong Kong and mainland China. We believe we can provide them with the flexibility to customise their total wealth, anytime and anywhere, and complement that with contextualised insights to help them make timely and informed decisions,” said Marcus Wong, vice chairman of Wrise Hong Kong.
In July last year, Derrick Tan, former global market head of greater China and north Asia and chief executive of Hong Kong at Bank of Singapore, launched Singapore-based Wrise Wealth Management, targeting UHNWIs in the city-state.