SINGAPORE, July 5, 2023 /PRNewswire/ -- Tembusu Partners, in partnership with Reuss Private AG, has launched a new multi-family office (MFO) Tembusu Wealth Management, led by private wealth veteran Managing Partner Jonathan Ng, formerly from Pictet Private Wealth where he was the Market Leader for Southeast Asia Wealth Management Unit. With over 25 years of extensive experience in renowned financial institutions, Jonathan brings a deep understanding of the Southeast Asian market and a remarkable track record of success. His expertise in serving high net-worth and ultra-high net-worth families, combined with the expertise of private equity fund manager Tembusu Partners, offers a new comprehensive solution for managing family office wealth in Singapore.
The establishment of Tembusu Wealth Management comes at a time when the region is experiencing a significant influx of private funds. Recent statistics from the Monetary Authority of Singapore (MAS) reveal that assets under management held by family offices, clients of external asset managers, private trusts and high network individuals rose by S$470 billion from 2017 to 2021. According to estimates MAS, Singapore had about 700 family offices as of end 2021, a remarkable sevenfold increase from 2017 and almost double from end 2020. This reinforces the need for sophisticated wealth management services and affirms Tembusu's position as a trusted partner for affluent families seeking expert guidance.
Tembusu Wealth Management is jointly established with leading Zurich-based Swiss financial firm Reuss Private AG. Founded in 2000 by two Swiss private bankers Felix Brem and Roman Neff, Reuss Private Switzerland provides personalized financial services, including asset management and investment advisory services catering to high-net-worth individuals and families. They also run a successful fixed income brokerage business. Reuss sees the value in this partnership as the synergies of complementary strengths, mutual support, geographical diversification and as fostering innovation in a fast growing region.
The genesis of Tembusu Wealth Management has been several years in the making, Mr Andy Lim, founder and Chairman of Tembusu Partners, said, "We are delighted that Jonathan has chosen Tembusu and Reuss as his partners for the newly established multi-family office business. With his extensive experience of the wealth management landscape in Southeast Asia, we are confident our multi-family office will provide exceptional service to high net-worth families seeking independent advice for their wealth preservation needs across generations."
Michael Bögli, Partner of Reuss Private AG, said, "This collaboration sparks an exciting journey fuelled by shared resources, network and expertise."
Jonathan Ng also shared his thoughts on launching Tembusu Wealth Management, stating, "The financial landscape is constantly evolving, this new partnership platform unites the best ideas and expertise to create a tailored solution for each unique client, ensuring financial harmony and a legacy that lasts."
About Tembusu Partners
Tembusu Partners is a boutique private equity investment firm that invests in promising early and growth-stage companies with a view to generate sustainable returns for both investee companies and investors. Besides supporting companies through mezzanine and equity financing, it also contributes operational expertise to help them grow. Headquartered in Singapore, its primary geographical markets are within Emerging Asia – comprising China, India and Southeast Asia. Tembusu Partners was founded in 2006 by four leading business families led by Andy Lim.
For more information, please visit www.tembusupartners.com.
About Reuss Private Switzerland
Reuss Private AG is an independent wealth management company within the holding company Reuss Private Group AG. As a FINMA-regulated securities firm, its core competencies include investment advice and asset management for international private clients and family offices. In the course of more than 20 years of company history, its business activities have been steadily expanded and extended to Germany and Liechtenstein through cooperations and new foundations under Reuss Private Group AG.
Reuss Private cares about client's needs and objectives – both business and private. Our personal and holistic advice establishes the basis for tailor-made wealth planning. In doing so, we attach great importance to transparency and sustainability. This enables us to develop pragmatic, unconventional solutions even for complex challenges that arise in your private or business environment.
