WRISE Builds Offerings, Names Hong Kong, Singapore CEOs

Editorial Staff

6 July 2023

, a Singapore-based wealth management business, announced yesterday that it is widening its capabilities to help ultra-high net worth individuals. It has also named CEOs for operations in Hong Kong and Singapore.

The firm – interviewed last September by this news service – has launched two businesses: WeWrise, a comprehensive corporate services organisation, and Voo Technologies (VooTech), a subsidiary wealthtech solutions provider of modular digital services from WRISE. The latter operations run on a B2B software-as-a-service (SaaS) model, it said in a statement.

WeWrise is a consulting and advisory services firm for financial management. It will help clients to set up a financial framework, using their expertise in fund design, investment management, risk management, and compliance under financial licences. WeWrise is represented in Hong Kong, Shanghai, and Singapore, with financial licences in markets such as Hong Kong, Cayman Islands, and the British Virgin Islands.

VooTech offers modular digital services from WRISE such as asset aggregation, analytics and reporting, and a price aggregation tool.

CEOs
Kevin Teng has been named CEO of WRISE WM Singapore, effective 3 July. Teng brings more than 20 years of experience in the wealth management industry. He is taking over CEO responsibilities from Derrick Tan (pictured), chairman of WRISE Group, who is now focusing on the strategic initiatives, growth and leadership of the group’s businesses.

The firm also named Joel Tan and Megan Zhang as co-chief executives of WRISE WM Hong Kong, also effective from 3 July. Collectively, they both bring more than 24 years of experience in wealth management industry. Tan will head the strategic initiatives for the Hong Kong market and Zhang will focus on serving clients in the China market, WRISE said.

“WRISE's strategic new hires and astute alignment with market movements remain part of our impending success in hitting our year-end target for an AUM of $5 billion,” Tan said.