When fintech wealth management enterprise WRISE launched in July 2022, catering to high-net-worth individuals, chairman and founder Derrick Tan set a goal of reaching US$5 billion ($6.7 billion) in assets under management by the end of 2023. However, he fell short due to challenging conditions in the wealth management industry and market movements impacted by China’s economic slowdown.
It was only in January 2023 that formal business operations began, with hiring scaling up from Q3 2023. “My approach involves investing heavily in sound business fundamentals, building out support functions with about 50 per cent of the frontline consisting of experienced personnel.”
Now, with an extensive ecosystem of more than 130 financial intermediaries, Tan emphasises, “The outlook for Q1 looks promising, potentially surpassing the performance of the entire previous year.” He adds, “We are close to reaching the US$5 billion target.”
FINTECH MEETS HUMAN CONNECTION
TREX, an indispensable tool in his achievements to date, continues to play a vital role in his mission. TREX is WRISE’s proprietary wealth management platform, providing real-time visibility of wealth, expert advice access, tailored solutions, data aggregation, and client control and transparency.
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Denne historien er fra March 2024-utgaven av The PEAK Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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SECRET FUN
Behind imposing angular structures lies a portal to the family's very own clubhouse, complete with a pool and basketball court.
RATTAN REIMAGINED
From chance discovery to mastery, Ng Si Ying’s journey into rattan weaving bridges tradition and modernity with every piece she creates.
AN APPETITE FOR ADVENTURE
Forget the pampering body wraps and hot stone massages. Andrew Leci discovers that adventure is the best path to a spiritual awakening.
PARADISE, PRESERVED
Luxury and purpose are embraced at this idyllic retreat tucked away in Indonesia’s Anambas Archipelago.
GRAPES OF CHANGE
The time is ripe to explore the burgeoning potential of Asia's wine regions, where innovative winemakers are cultivating distinct flavours and putting their mark on the global wine scene.
VESSELS OF THE HEART
Daisuke Shibuya, head sommelier at one-Michelin-starred Terra, shares his penchant for collecting cups and glasses, and how his eclectic collection mirrors his approach to wine.
ONE OF ONE
At the by-appointment-only Rolls-Royce Private Office Seoul, where clients can commission bespoke, one-of-a-kind Rolls-Royce creations, nothing is too complex or unattainable.
WATCH HIS WORLD
Radiologist and self-professed watch addict Dominic Liew, who began collecting at 15, shares what makes him tick.
PERFECTION PERSONIFIED
Swiss master artisan Agnes Paul-Depasse, who makes straw, feather, and silk thread marquetry dials for Hermes, reveals eight fascinating truths about such rare historical crafts.
FACES OF CHANGE
These days, it's not unusual for watch brands to have exclusive boutiques.
