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UHNW Wealth Boutique Opens In Singapore

Tom Burroughes

5 October 2020

Wealth management boutique this week, Ali Jamal, founder of the firm, told this news service on Friday. (We interviewed Jamal in 2019 about the business and its strategy.) 

Jamal wants to expand the Azura team in Singapore. The Asia city-state is the Monaco-based firm’s first Asia office. It also has an office in London.

Azura plans to grow its $2.7 billion in assets under management and advisory to $5 billion in the next three years, with Asia accounting for half of the business.

A report said the Singapore office chief compliance officer Willie Ong joined from Thirdrock Capital.

The business, Jamal has said, is designed to appeal to ultra-high net worth individuals looking for solutions, such as forms of collateralised credit, a service not always on offer from their existing banks, particularly in cases where lenders are squeezing balance sheets to protect capital.