A senior figure at a Malaysian family office is joining the B2B investment funds organisation.

A senior figure from the family office and wealth management industry in Asia has joined Allfunds, the firm that provides intermediation and investment services to banks and other financial players. Allfunds recently announced plans to expand into Asia.

The organisation has appointed Tuck Meng Yee as head of investment solutions for Asia. He will be based in Singapore, reporting to Alexis Fosler, regional manager for Asia at the firm.

Tuck Meng Yee has 20 years of experience in the funds and structured product management industry. Previously, he was senior vice president, alternatives, for Asia-Pacific at Citi Global Wealth Management. 

Prior to joining Allfunds, he spent three years leading investment strategy, due diligence and execution as chief operating officer and co-chief investment officer for the Malaysian family office, JRT Partners. And in another role, he was director and head of Asia ex Japan/Korea at Moore Management.

Allfunds also appointed Oliver Stewart-Malir, chief operating officer for Asia, Vinita Badlani, head of funds groups for Asia, and Edwin Tan, head of client services for Asia to join its team earlier this year. They have moved to a new office space in Singapore to accommodate the firm's expansion.

Allfunds, which is owned by Hellman and Friedman and GIC, looks as though it is trying to become “the Amazon of the funds world”. The business-to-business group, set up in 2000 to offer fund solutions (operational, analysis and information), is now administering more than €370 billion ($425 billion) of assets; it also offers more than 64,400 funds from over 1,200 fund managers.