Nasdaq-listed AlTi Tiedemann Global has acquired Singapore-based AL Wealth Partners as part of its expansion plans in the region.
AlTi Tiedemann Global has completed the acquisition of AL Wealth Partners, according to a statement. This will help AlTi further expand in Asia in addition to its existing presence in Hong Kong.
«Having a presence in Singapore is critical in today’s evolving wealth and asset management landscape, and we are excited to expand into this key market. This deal executes on our long-term growth strategy focused on complementary and accretive acquisitions in core growth areas,» said AlTi chief executive Michael Tiedemann.
Continued Leadership
AL Wealth Partners is a Singapore-based independent asset manager focused on the needs of ultra-high net worth individuals and family offices. The firm was founded in 2007 by Anthonia Hui and Leonardo Drago.
Following the acquisition, Hui and Drago will continue to lead the growth of AlTi’s wealth management offering in Singapore as part of the international wealth management business led by Robert Weeber.
AlTi was formed as a merger between Tiedemann Group, Alvarium Investments Limited and Cartesian Growth Corporation. Today, the Nasdaq-listed firm has 450 professionals across three continents managing or advising on approximately $65 billion in combined assets.
