Hong Kong-headquartered Leo Wealth has expanded into Singapore with the acquisition of Jachin Capital, an independent fund manager offering investment management solutions to accredited investors in Singapore and the Asia-Pacific region.
The acquisition expands Leo Wealth's presence in Asia beyond Hong Kong and Tokyo to better serve the evolving needs of high-net-worth and mass-affluent individuals in the region.
The Singapore office will serve as the firm's operating base in the Southeast Asia region, enhancing its capabilities and expertise in comprehensive cross-border wealth management, including tax and estate planning, investment, and financial planning services in Asia, the US, and around the world.
The strategic acquisition in Singapore will further Leo Wealth's digital capabilities by incorporating Jachin Capital's iAdvisor digital investment platform into the firm's service offering. This integration will enhance Leo Wealth's existing financial planning and investment services, giving the firm's clients worldwide, 24/7 access to dynamic, intelligent, personalized investment portfolios.
The acquisition of Jachin Capital has been approved by the MAS, with rebranding to be completed in the first quarter of 2023.
Following the acquisition, Joyce Woo, founder and chief executive officer at Jachin Capital, will remain in her role as chief executive, head of Leo Wealth Singapore and will join the firm's executive team in Asia.
She has over 30 years of corporate and private banking experience in Singapore and Southeast Asia.
She founded Jachin Capital in 2014, with the core belief that investors should have simple, affordable and convenient access to investment solutions.
Jessica Cutrera, president of Leo Wealth, said, "Leo Wealth's strategic presence across Asia's major financial centres enables us to provide all-round coverage for wealth management and planning, as well as access to local, regional, and global investment opportunities.
"We are the leading advisor for clients and families with financial exposure and assets in multiple regions - including the U.S. - helping them meet their long-term financial goals.
"Being on the ground in Singapore pushes forward our rapid growth in Asia, enabling us to provide dedicated support for the international wealth creation and protection needs of wealthy families, high-net-worth and mass-affluent investors in Southeast Asia.
"Expanding the markets that we serve in Asia continues to be an exciting opportunity for us in 2023."
Joyce Woo, Head of Leo Wealth Singapore, said, "I am delighted to join one of the largest independent wealth management firms in Asia, leading the Singapore office and driving growth in the Southeast Asia region. Our Singapore team has a track record in understanding client needs and delivering customized investment solutions enabled by digital platforms, which will further enhance Leo Wealth's client servicing capabilities and overall client experience."
