After establishing itself in London and Monaco, the firm, led by former Julius Baer managing director and head of key clients in emerging markets, wants to take its business to Singapore.
Wealth manager Azura has its eyes on Singapore and plans to grow its presence in the city, founder and chairman Ali Jamal told «Bloomberg» (behind paywall).
The firm, which counts former Credit Suisse bankers Karim Lari and Benjamin Leung as partners, provides wealth management services, including advisory and family office services, for UHNW clients.
Azura has already amassed $2.5 billion in assets under management, with offices in London and Monaco. It plans to grow its six-member team in the U.K.'s capital to 20 in the next year, while also expanding in Monaco, Jamal said.
London Most Attractive
Jamal wants to grow Azura's London team as he is resolute in his belief the city will remain the destination of choice for the ultra-rich, regardless of Brexit or whether a left-wing government is elected.
London is ideal «for security, for its financial system, for the lifestyle and the amount of wealthy individuals living here or moving here,» Jamal said to «Bloomberg.»
