Digital wealth platform Arta Finance has made its debut in Singapore and also welcomed ex-UBS CEO Ralph Hamers as an advisor.
Arta Finance has made its global launch via access to accredited investors in Singapore, according to a statement. The firm’s key functions will be based in the city-state including engineering, marketing, product, design and operations as well as a number of its global leads including its CEO Caesar Sengupta.
«Singapore is the natural home for Arta's international business with its rising importance as Asia's wealth hub,» commented Amanda Ong, Singapore country director and head of international expansion at Arta.
Broad Offering
The digital wealth platform includes an offering of curated deal flow across private investments from exclusive fund managers, public market strategies and structured products. In Singapore, it will support philanthropic giving in partnership with Co-Axis, a Temasek Trust initiative.
Arta also launched an «AI Copilot» that enables users to «ideate, analyze, and monitor their portfolios with the tools and insights that usually require large teams of relationship managers, private bankers, and investment analysts».
In addition, the firm launched a so-called «wealth-as-a-service» offering with Abu Dhabi-based digital investment platform Wio to be the first to integrate the capability. It also announced partnerships with Google Cloud and global management and technology consultancy Capco to provide solutions for banks looking to adopt Arta's technology.
Ralph Hamers as Advisor
Arta also recently welcomed Ralph Hamers, former CEO of UBS and ING, as its external senior advisor to provide strategic guidance. He joins a number of early investors to support the firm, including 140 tech and finance leaders like ex-Google CEO Eric Schmidt and Mastercard CEO Michael Miebach.
«A central focus of my leadership has been to take legacy businesses and digitalize, integrating front-to-back technology to drive efficiencies and make the lives of clients and colleagues easier. This often needs major and multi-year transformations in well-established organizations,» Hamers said.
«This often needs major and multi-year transformations in well-established organizations. With Arta, I see the enormous opportunity of having incredibly smart people from the worlds of technology and finance coming together to build a platform that is more than ready to take its place amongst the world's leading wealth managers.»
Three-Year Progress
Established in 2021, Arta Finance is a digital wealth platform aimed at enabling access to investment capabilities traditionally reserved for the ultra-rich. Prior to the latest announcement, the firm made its debut in the US in October 2023, where it attracted thousands of clients and hundreds of millions in assets.
«Arta is at the intersection of some powerful trends, including the personalization and democratization of wealth management, the huge growth and opportunity in private market investing, and the use of AI to create capabilities that have previously only been the preserve of the ultra-wealthy,» added Sengupta.
«We are now taking a major leap forward with our global launch and can't wait to bring the Arta wealth platform and AI Copilot to the global community in the months and years ahead.»
