Indonesian Wealth Management Forum 2019 - Exclusive Insights - Kenneth Ho

Kenny Ho of Carret Private Capital

Oct 18, 2019

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1. You (Carret Private Investments) recently merged with Lumen Capital Investors. What motivated that deal?

Video transcript

1. You (Carret Private Investments) recently merged with Lumen Capital Investors. What motivated that deal?

We’re both very excited. It made a lot of sense; the base of our business Carret (Carret Private Investments) is in Hong Kong, we had very few people based in Singapore. Lumen (Lumen Capital Investors) is based in Singapore, (but) they had no one in Hong Kong. We both felt like we needed to have a presence in both markets to service our existing client base, as well as to grow. For me, I needed to grow my North Asian client base, and having a Singapore presence, particularly in our turbulent marketplace, really expands the offering that we could give to our clients. We’re very excited; both of our businesses are largely based on Swiss banking roots. Wilfried Kofmehl, the CEO of Lumen, and myself were two of the original executive board members of Julius Baer, so we’re very excited to get back together to rebuild something like we thought we had at the first stages of Julius Baer, which is a boutique wealth manager with a clear value proposition across the region.

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