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Independent Wealth Management Forum 2019 HK - Exclusive Insights - Philipp Piaz

Philipp Piaz of Finaport

Oct 28, 2019

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1. Are you seeing more Independent Asset Managers opening an office in Singapore?

Video transcript

1. Are you seeing more Independent Asset Managers opening an office in Singapore?

I'm actually quite interested to explore this opportunity, because I feel that entering a partnership very often makes more sense than trying everything on your own, setting up on your own, wasting time, potentially failing, wasting a lot of money, when you can actually hit the ground running by entering a partnership with an established company. The same way, I think, I would approach Hong Kong of course. Rather than doing everything on our own in this industry in Hong Kong, in a very expensive city on top, we would look for a partner to share the values we have and dock on. I would say we offer the same opportunity to anyone from Hong Kong who would feel that we are a good match. But I think that is essential: the sentiment, the values have to be the same. How you deal with clients; what you aim to achieve for the client is paramount. If you have that kind of match, I would say partnership is a very good thing. (And with) Singapore not being cheap, this is a very good solution.

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