The plan is for the firms to target Malaysia’s mass-affluent and high net worth population as well as other clients. The story also illustrates the continued use of Singapore's VCC regime, introduced last January.

Envysion Wealth Management, which is based in Singapore, has inked a strategic partnership with Bill Morrisons, a Malaysia-based financial solutions provider. 

The plan is for the firms to target Malaysia’s mass-affluent and high net worth population, companies and institutions, and also expats, media reports said.

This news service has contacted Envysion, which is based in Temasek Avenue, Centennial Tower, Singapore. It may update this article in due course. 

Envysion’s founder and chief executive is Veron Shim, who was head of Southeast Asia for EFG Bank and worked in the founding team for Asia at Julius Baer. Its chief investment officer is Jacob Doo, who has worked at Standard Chartered and Julius Baer. Its advisory board includes Peter Triggs, a familiar figure to many in Singapore’s wealth sector, having been head of regional wealth planning at DBS. (He is also a consultant for the Fry Group.)

Reports said the Malaysian partnership allows Malaysian investors, who are accredited investors, to use a wealth platform and have the freedom to domicile assets through a family office or variable capital company. VCCs are a new structure set up last January in Singapore.