WealthBriefing Asia award-winning Singapore-based multi-family office Golden Equator employs two senior positions from Credit Suisse.
Golden Equator Wealth has hired two senior positions this week to expand its market reach and team of family office advisors.
Rai Rummaan Kharal (pictured) has joined Wealth and Capital as Managing Partner and Haroon Tufail as Executive Director. This comes after many of Credit Suisse’s bankers retired to work elsewhere, but the Swiss bank last week hired senior staff to expand its wealth management business in Germany. .
As Managing Partner, Kharal will focus on establishing and growing client relationships, evaluating market opportunities, developing business strategies for multi-family offices and leading a team of family office advisors, the company said in a statement.
Along with his role in the multi-family office, Kharal will bring more capital market deal flow and help develop the capital side of Golden Equator Group, which consists of venture and private capital businesses. He will report to Shirley Crystal Chua, founder and group CEO of Golden Equator Group, the company continued.
Kharal has over 25 years of experience in wealth, investment management and international corporate banking. Most recently, Executive at Credit Suisse Singapore, where she served as Director, Market and Team Leader where she built, managed and scaled a team serving ultra-high net worth family clients in the South Asian region. Prior to that, he spent 18 years at Deutsche Bank, where he held senior corporate banking, investment and wealth management roles in Singapore, Thailand, Australia, Indonesia and Pakistan.
Tufail, which reports directly to Kharal, will focus on providing investment and multi-generational wealth planning solutions for the ultra-high net worth, the company added. He brings nearly 20 years of wealth management and active portfolio management experience across a range of capital market instruments, working with UHNW clients and families in the United Arab Emirates, Pakistan and Singapore.Most recently, Credit Was Director of Swiss-Singapore and his Manager of Relationships.
GEW plans to grow its team of Senior Family Office Advisors and grow its AUM several times over the next 24 months. GEW received the Independent Wealth Manager Award in 2019.
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Welcoming the move, Chua said: We believe that passing on a legacy goes beyond financial asset management to include effective asset transfer structures, prepare the next generation to take over family matters, and ensure that family values are passed on to future generations. We are at the forefront of helping you understand ”
Founded over ten years ago, GEW is a multi-family office that provides investment management and legacy preservation solutions to ultra-high net worth families and individuals. GEW has clients in more than a dozen countries and, as part of the Golden Equator Group, has the capabilities and network of alternative investments through its in-house venture and private capital teams.