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Asia's Lioner Cements Singapore Presence
Editorial Staff
6 September 2022
, an integrated insurance, trust and family office consortium founded by ethnic Chinese partners, has won a local regulatory licence for its Singapore entity. The licence will enable Lioner to expand services to clients in Singapore. Andrew Chan, partner at Lioner Group, will head the firm’s business development efforts in Singapore. The firm added that it aims to expand operations into Mainland China.
The business unit, called Lioner International Consultancy Pte, has recently obtained a Financial Adviser’s licence from the Monetary Authority of Singapore.
Lioner has also appointed Leonard Chu as chief executive of its Singapore operations. Chu has worked in financial services for almost 20 years, having been at organisations such as Morningstar, AIG and Standard & Poor’s.
The group was launched last year and, in its statement yesterday, said it has chalked up a 63 per cent rise in revenues for the first six months of 2022 and doubled its headcount in the same six-month period.
“I believe the new Singapore office will complement Lioner’s Hong Kong operations to further propel the growth of the company,” Leonard Chu, CEO, Singapore at Lioner Group, said.