The multi-family office, which has added to its ranks, has not finished hiring yet.

Kamet Capital Partners has recruited seven personnel to join its multi-family office, with more hires due in September, the Singapore-based organisation’s chief executive has said. 

The new hires include Wilson Er, ex-portfolio manager at Rockpool Capital in Hong Kong and David Law, former money manager and analyst at Mizuho Asset Management in Singapore. Er and Law are joined by two analysts in the investment team alongside three others supporting administrative needs for families; they are from China and Southeast Asia, Kerry Goh said in a media interview. Details were confirmed as accurate to WealthBriefingAsia. 

The creation of businesses such as Kamet is part of a trend of bankers breaking away to create independent investment businesses along different lines. Players in this area include Thirdrock, Abacus Capital, Swiss-Asia Financial Services, Taurus Family Office, Covenant, and Crossinvest. The organisation confirmed that it was an MFO in 2018.

"While the economic impact and disruption caused by the pandemic is severe and the climate remains very challenging, we continue to see growth in the wealth management space in Asia and expand our depth and breadth in order to take advantage of the resulting investment opportunity," Derek Tay, of Kamet, told this news service.