Strategy

Swiss-Asia Said To Set Sights On Entrepreneurial Market

Julia Reinholdsson 24 August 2015

Swiss-Asia Said To Set Sights On Entrepreneurial Market

The Singapore-based company, which comprises Swiss-Asia Financial Services and Swiss-Asia Asset Management, is reportedly gearing up for expansion as it targets financial entrepreneurs.

Swiss-Asia, the Singapore-based asset management company, plans to expand its operations in response to a surge in demand from entrepreneurial finance professionals, according to a report.

The company said it wants to reach out to the increasing number of private bankers who are leaving large corporations to launch their own businesses, the report said. Swiss-Asia said its assets under management, including accounts managed by independent wealth managers, are set to increase by two-thirds to S$2.5 billion ($1.7 billion) by the end of the year.

“Of the S$2.5 billion expected by the end of 2015, about two-thirds will be from independent wealth managers, while the remaining will come from launching new funds below S$100 million,” said chief executive and founding partner at Swiss-Asia Financial Services, Olivier Mivelaz.

Swiss-Asia provides a private banking platform serving clients in Singapore and Hong Kong, a fund management platform for those looking to set up funds in these regions, and a B2B platform, which it is describes as a gateway for businesses to enter the Asian market. 

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