Business Daily Media

Men's Weekly

.

WRISE Launches WRISE Prestige to Cater to Growing Mass Affluent Segment in Asia Pacific

New business unit will capitalise on the region's rising affluence to expand wealth management offerings

HONG KONG SAR - Media OutReach Newswire - 20 February 2024 - WRISE Group today announced the launch of WRISE Prestige, a new business unit underlining the Group's commitment to diversify its offerings and meet the region's evolving wealth management needs.

WRISE Prestige expands WRISE's reach to the mass affluent market with a minimum investment threshold of USD500,000.

The mass affluent market in Asia is undergoing a transformative shift, driven by the rise of the Asian middle class and the inter-generational transfer of wealth. Southeast Asia's mass affluent demographic is anticipated to surge to 136 million by 2030. In tandem, China's mass affluent households are forecasted to witness a rise to 162 million by 2030.

"Over the past few years, we have been seeing stronger demand and increasing sophistication of wealth management solutions of clients in Asia, particularly as the region's rising affluence has vastly expanded the investment opportunities for the mass affluent," said Derrick Tan, Group Executive Chairman of WRISE. "WRISE Prestige positions WRISE Group at the forefront of managing the region's changing wealth flows, aligned with the evolving demands of this dynamic clientele. The expansion also underscores our commitment to navigating these wealth demographic shifts, offering tailored solutions that bridge a crucial gap in the wealth management landscape."

WRISE Prestige will first launch in Hong Kong and offer mass affluent clients unparalleled price transparency and exclusive opportunities for direct investments, mirroring the advantages enjoyed by WRISE's existing clientele of Ultra-High-Net-Worth Individuals (UHNWIs). Product offerings will also include global securities, structured products, mutual funds and fixed income.

Leadership for the new business unit includes Stephen Yan, Chairman of WRISE Prestige, who will oversee strategic business plans and activities, and Jowin Fung, Vice Chairman and CEO of WRISE Prestige, who will lead the day-to-day operations of WRISE Prestige.

"I am excited to be joining WRISE at such a pivotal moment. The launch of WRISE Prestige comes at an opportune time in meeting the wealth management needs of such market segments," said Jowin Fung, Vice Chairman and CEO, WRISE Prestige. "As we navigate the convergence of traditional and digital wealth management, I look forward to leading our team in redefining the wealth management experience for our clients."

The WRISE Group will also rebrand its existing WRISE Wealth Management services for UHNWIs to WRISE Private across Singapore, Hong Kong and Dubai.

Hashtag: #WRISE

The issuer is solely responsible for the content of this announcement.

WRISE Group

WRISE is a leading independent multi-family office that simplifies the complexity of legacy financial structure. Its proprietary wealth management tool, TREX, provides clients with complete control and transparency over their total wealth, and the ability to create their own family office with real-time access to expert advice and tailored solutions within a vast ecosystem of top global private banks, investment banks, fund managers, brokers, and others.

WRISE Group of companies include WRISE Wealth Management (Singapore), WeWrise Services, and Voo Technologies and affiliated companies WRISE Wealth Management (Hong Kong), WRISE Wealth Management (Middle East).

News from Asia

Elevating Thailand’s Creative & Entertainment Industry, Cloud 11 Collaborates with 30 Global Giants and Partners to Establish Itself as Asia’s New Creative Destination

BANGKOK, THAILAND - Media OutReach Newswire - 11 July 2025 - Cloud 11 announces its readiness to become Asia's new creative destination. Backed by the region's most comprehensive creative ecosyste...

HKCSS Fosters Cross-Sector Collaboration and Adoption of Gerontechnology to Formulate Hong Kong Dementia Care Action Plan

HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - The Hong Kong Council of Social Service (HKCSS) is actively promoting support services for dementia and is leveraging gerontechnology to pr...

SIBUR develops new polyethylene grade for blown films

MOSCOW, RUSSIA - Media OutReach Newswire - 11 July 2025 - SIBUR, the largest producer of polymers and synthetic rubbers in Russia, has developed a new grade of linear low-density polyethylene (LLD...

TÜV SÜD Appoints Interim Leadership Following CEO Transition

MUNICH, GERMANY – NEWSAKTUELL - 10 July 2025 - The Supervisory Board of TÜV SÜD AG has appointed Ishan Palit, former Asia Pacific CEO, as Interim Chief Executive Officer (Chairman of the Board of ...

Kaspersky Partners with SIS International Limited to Expand Distribution in Hong Kong

HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - Global cybersecurity and digital privacy company Kaspersky is pleased to expand its distribution network in Hong Kong by partnering with Si...

Wegovy® (semaglutide 2.4mg) by Novo Nordisk is now Available in Singapore for Weight Management

Wegovy® is indicated for chronic weight management in adults and adolescents (12+) with obesity or overweight and at least one related health condition.

Leading Sportswear Brand DESCENTE Opens at Galaxy Macau; Fusing Technical Aesthetics with Leisure & Travel Lifestyle

MACAU SAR - Media OutReach Newswire - 12 July 2025 - Japanese leading sportswear brand DESCENTE celebrates the grand opening of its new flagship store at Galaxy Promenade on July 11th...

Gother transforms travel experience for next-gen travelers, aiming for Top 3 in Thailand’s tourism market by 2027

BANGKOK, THAILAND - Media OutReach Newswire - 14 July 2025 - Gother, a tourism service platform, operated by Search Engine Optimization, a joint venture between Beacon Venture Capital (venture arm...

HKSTP Joins Hands with Mainland and Overseas Institutions to Launch Global University Innovation Network

Hong Kong Techathon+ Marks its 10th Anniversary Reinforcing Hong Kong’s Position as an International Talent and I&T Hub HONG KONG SAR - Media OutReach Newswire - 14 July 2025 - The Hong Kong S...

ICONSIAM in Collaboration with Shanghai Yuyuan Tourist Mart Group Brings China’s Most Iconic Lantern Festival to Thailand for the First Time

“Yuyuan Lantern Festival 2025” Lights Up Bangkok to Celebrate 50 Years of Thai–Chinese Diplomatic Ties BANGKOK, THAILAND - Media OutReach Newswire - 1 July 2025 - ICONSIAM, the global landmark al...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy