Singapore-based HP Wealth Management brings on board a veteran in international wealth management. He intends to further strengthen the offering and wealth structuring.
HP Wealth Management hired Mark Smallwood. He joins the firm after an extensive career in a number of institutions in London, the Caribbean, Geneva, Hong Kong and Singapore. He was a managing director and a member of the executive and management committee at Deutsche Bank Wealth Management, APAC, for a number of years, before he left in 2017.
Smallwood will offer his clients a totally new experience, combining his strengths in wealth structuring with a full range of asset management services, delivered from a single point of contact, according to a statement released on Wednesday.
Intimate Understanding of Client Needs
HP Wealth Management is one of the older independent asset managers and multi-family offices operating in Singapore. The company was founded in 2009 by Urs Bruetsch and obtained the CMS License from regulator MAS in 2012. He said: «I am delighted to bring Mark Smallwood on board. Our business model is built on an intimate understanding of client needs and he is well positioned to strengthen our offering. The provision of wealth structuring advice ideally complements our current offering which consists of asset management in both the public and private markets.»
For Smallwood this move also represents a return to advising clients directly, he said. «I look forward to delivering a genuinely holistic approach to wealth management, combining wealth structuring and asset management – without any conflicts of interest.»
Back and Forth in Singapore
Smallwood was with Deutsche Bank since 2003. He spent six years in Geneva as global head of insurance solutions before moving to Singapore where he spent five years as head of wealth planning for APAC. From 2013 to 2015 he was based in Hong Kong as head of franchise development and strategic initiatives for Deutsche Asset & Wealth Management, and returned to wealth management in Singapore after the de-merger of the asset and wealth management businesses. Prior to joining Deutsche Bank he owned a multi-family office in the Caribbean.
