Singapore-based Envysion Wealth Management enters a strategic partnership with a Malaysian financial solutions provider that expand the independent asset manager’s offshore capabilities.
Envysion Wealth Management has partnered with Bill Morrisons – an integrated financial services group with a focus on mass affluent and high net worth (HNW) Malaysians, expatriates, corporates and institutions – according to a statement.
The partnership will enable accredited Malaysian investors to gain access to a global wealth platform and the option to redomicile assets via a variable capital company (VCC) or family office set up in Singapore.
IAM Scaling
Envysion Wealth Management was founded in January 2020 by Veronica Shim, an ex-EFG banker, who is looking to build an independent asset manager (IAM) that replicates the tailor-made characteristics of traditional multi-family offices but with greater scalability.
The latest partnership with Bill Morrisons – the first overseas venture for Envysion – is expected to benefit clients in Malaysia, Thailand and Indonesia and the two will look to attract $100 million in assets under management through its discretionary portfolio management model.
«The landscape for a true multi-family office in Malaysia has never been more ready as many HNW Malaysians have been searching for such services locally,» Bill Morrisons group founder Billy Hii. «It took us three years and numerous trips down to Singapore seeking for the right strategic partner with the right dynamics that shares our vision in placing our clients’ interests at heart.»
