Azura International opens Singapore Office
Azura International, a wealth management firm targeting HNWIs, has reportedly opened an office in Singapore, helmed by the recently appointed Trevor Lau.
Lau is said to have joined the firm in April 2020, and leads a team of six other wealth management professionals and solution providers, according to an article by Citywire Asia.
Lau was reportedly most recently a Singapore-based managing director at UBS, where he was in-charge of the entrepreneurs segment. Prior to that, he spent 14 years at Credit Suisse covering Singapore and Malaysia markets, according to Citywire Asia’s Annabelle Liang.
The firm’s Singapore office in in the final throws of receiving its Capital Markets Service License for fund management from MAS.
Looking to the future, the firm’s Founder, Ali Jamal, said that he hopes to grow the firm to a team of 15 in Singapore, building out its operations from it’s current London headquarters.
The firm also operates in Monaco, says Citywire Asia, and aims to grow its USD2.7 billion AuM to USD5 billion in the next three years, with Asia accounting for half of the firm’s business.
Ali Jamal, Founder, Azura International, commenting of the choice of Singapore, said: “Political stability is key for our business, and the government and regulators are both committed to the financial industry.”
“[We are] able to access to an established pool of diverse talents in the lion city. Trevor has spent 20 years in wealth management with major financial institutions.”
“I believe his experience and network will help us to attract talents and clients as we build our business in Asia,” Jamal continued.
Jamal didn’t reveal who the other Singapore employees were. But it includes Chief Compliance Officer Willie Ong who joined from Thirdrock Capital, an independent asset manager.