The organisation, set up as a multi-family office, was founded in 2015. It focuses on active responsible investment management.

Maitri Asset Management, a Singapore-based, active responsible investment manager and multi-family office, has added two executives to its client relationship and investment advisory teams. 

Varun Gulati, a private banking industry veteran, is joining as a relationship management director to help drive Maitri’s client relationship strategy and partnerships. 

Edwin Aw is joining as an investment counsellor focusing on formulating and managing bespoke multi-asset investment solutions for clients. Both appointees will be based in Singapore, the firm said in a statement yesterday. 

“These appointments not only reflect our commitment to significantly grow the team, but also strengthen our client servicing capabilities and offerings, to better meet the strong demand we are seeing for increased, highly bespoke wealth preservation and wealth growth solutions and expertise in Asia - a trend that shows no signs of abating,” Manish Tibrewal, chief executive at Maitri, said.

Gulati, who will bring more than 17 years’ experience in the wealth management industry across multiple markets in Asia and the Middle East, previously worked in the private banking division of Deutsche Bank. Before that, he worked in wealth management across leading international banks and financial institutions, including ABN Amro, HSBC and Standard Chartered.

Aw, who has joined from HSBC, will be a private banking investment specialist. His career to date spans stints at numerous leading financial institutions including Schroders, ING and Bank of America Merrill Lynch. 

Maitri Asset Management was founded as the Tolaram family office in 2015 and has since grown to become a licensed fund manager focused on active responsible investment management.