StashAway, the largest digital wealth manager in Singapore, launches in Thailand
StashAway, an easy-to-use digital wealth management platform that provides global diversification with high-quality, low-cost ETFs, is now available to Thailand residents. StashAway is regulated by the Securities and Exchange Commission (SEC).
StashAway makes it simple for anyone to invest and build long-term wealth all through a mobile app. The platform has attracted clients from more than 160 countries and has generated strong returns through several market corrections and the COVID market crash. Its appeal is due to its intelligent investing framework, sleek, easy-to-use mobile app, and wide range of free financial education resources that help individuals feel more confident making financial decisions. In addition, The World Economic Forum has recognised StashAway for its innovative technology, naming it a Technology Pioneer in 2020.
Tim Niranvichaiya, CFA, StashAway Asset Management (Thailand) Managing Director, looks forward to enabling people in Thailand to invest overseas. According to central bank data, people in Thailand are increasingly investing in overseas assets. But even still, investors in Thailand remain overinvested in domestic assets compared to investors in Singapore and Hong Kong. He says, “People in Thailand increasingly want to invest overseas to diversify their portfolios more effectively, but aren’t able to access these investment options easily because of how complex and expensive they are. That’s where StashAway can make a significant difference to people’s long-term financial success. It only takes a few minutes to sign up and access globally diversified, personalised portfolios with one transparent, all-inclusive fee.”
Freddy Lim, Co-Founder and Group CIO, has almost two decades of experience in cross-asset investment and portfolio management at firms like Morgan Stanley, Citibank, and Nomura. He adds, “StashAway saves our clients time and effort from having to research and manage their investments themselves. We bring more than 50 years of industry experience and 30,000 hours of research and stress-testing to our platform. The result is an intelligent investing framework and technology that re-optimises and rebalances each client’s portfolios with extreme precision, managing risk while navigating them through any economic environment.”
StashAway was founded in 2016 and is headquartered in Singapore, with operating licences in Malaysia, Dubai (DIFC), Hong Kong, and Thailand. The company currently manages more than USD1 billion in assets and is backed by leading venture capital firms, including Sequoia Capital India, Eight Roads Ventures, and Square Peg. The application is now available on App Store and Play Store.
Latest News
Recommended news