Singapore

Maitri Asset Management joins the Family Business Network

Maitri Asset Management, a Singapore-based active asset manager, has reportedly joined the Family Business Network (FBN), a global organisation of business families.

The partnership has reportedly been forged to allow Maitri to support the development of FBN, and to help the Network’s community to understand the current market environment better, and to better understand their investment and wealth potential from an ESG perspective, according to a report by Finews Asia.

Maitri, which will be labelled as a Family Partner and Steering Committee Member, will support FBN’s educational initiatives, which aim to assist families to navigate strategic shifts in the evolution of their business. The Firm will also offer the FBN team strategic advice on both the business and family elements of family office operations, capitalising on the fact that Maitri began life as a family office of the Tolaram Group.

Manish Tibrewal, CEO, Maitri Asset Management, said: “We look forward to bringing our specialist expertise to FBN’s community and helping members better understand the current market environment and their investment and wealth potential with a sustainable lens.”

The Family Business Network was founded in 1989, according to its LinkedIn profile, and brings together over 4,000 families and 17,000 individual members – including 6,600 next-generation members – across 33 chapters covering 65 countries worldwide.

Maitri was founded in 2015, and is a signatory of the United Nations-supported Principles for Responsible Investment, and the Singapore Stewardship Principles. The firm has a dedicated ESG Team within the Investment Team, says the firm, which developed Maitri’s Responsible Investment Approach.