Singapore-based independent asset manager Lumen Capital hires an industry vet with over thirty years of wealth management experience across Asia Pacific and the Middle East, finews.asia has learned.

Vishwanathan Venugopal joins Lumen Capital Investors (LCI) as a partner and member of the board, sources told finews.asia. A spokesperson confirmed the hire, subject to regulatory approval. 

In the role, Venugopal will be responsible for growing and representing the company. He will manage his own clients, build a team of relationship managers, lead key projects and develop wealth management solutions.

Venugopal was most recently a managing director at multi-family office Marcuard Heritage (Singapore). 

Working for Credit Suisse and UBS

Previously, Venugopal was also a Singapore-based managing director at Credit Suisse’s APAC private banking arm.

He established and led multiple teams in Singapore and Hong Kong to drive and develop the non-resident Indian (NRI) business and build the Credit Suisse brand in the NRI communities across APAC and the Middle East with a particular focus on growth markets of India, Dubai, Oman, Singapore and Hong Kong.

Vish joined Credit Suisse from UBS, where he held a senior position in Singapore as an executive director in the key clients group of the Indian sub-continent team. During his 13 years with UBS. He played a vital role in the formation and development of the Indian sub-continent business team for the bank, and in building the ultra-high net worth (UHNW) business. He created an increased revenue footprint with assets under management of over $5 billion.

Major Aircraft Financing Deal

He also pioneered a landmark aircraft financing deal for the purchase of a Boeing business jet for UBS, a milestone that established the aviation finance business segment for the Swiss bank globally.

A Singapore national, he began his banking career with The British Bank of the Middle East (BBME) in Mumbai, India, (HSBC Group) in 1979, and worked there for 15 years, based in Bombay, Oman, and Singapore. He was part of the pilot global non-resident (NRI) business initiative by HSBC India. He established an NRI desk for BBME in India and Oman in 1989, and for HSBC Singapore in 1991.