People Moves

WRISE Appoints Greater China Market Head

Editorial Staff 15 May 2024

WRISE Appoints Greater China Market Head

The business, which has spread its wings geographically, operating now in Dubai, Hong Kong and Singapore, has also pushed into the Japan market.

Singapore-headquartered WRISE Group has appointed Poly Cheung as market head for Greater China at WRISE Private Hong Kong. 

Cheung, who will lead the team in the Hong Kong office, reports to Joel Tan, chief executive of WRISE Private Hong Kong.

Prior to this role, Cheung was head of branch banking at China CITIC Bank International. Earlier, she started as a management trainee at HSBC. Cheung has 29 years’ experience in client relationship management and branch banking within the banking sector in Hong Kong. 

The firm says that mainland China offers “one of the biggest opportunities for international wealth managers in the world today,” citing 2021 data showing that there are about 70,000 people with $30 million or more. By 2026, high net worth Chinese individuals are expected to hold 20 per cent of total global HNW wealth.

The WRISE Group of companies include businesses in Singapore and Dubai, as well as Hong Kong. It set up its Dubai operations in late January this year. In other areas, the firm has pushed into the Japan market. Last November, it appointed Shigehiro Suzuki as market head of Japan.

This publication has interviewed WRISE chairman, Derrick Tan, about its strategy.

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