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June 8, 2022

Ares Management to launch dedicated wealth management teams in Asia

Ares Management is set to establish dedicated wealth management teams in Asia to cater to the growing retail opportunity across the region.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The firm has hired Henry Lee to lead its Asia efforts as part of Ares Wealth Management Solutions (AWMS).

Lee will join as a partner in AWMS’ Hong Kong office and will report to Ares’ AWMS global head of Wealth Management Raj Dhanda.

In his newly created role, Lee will be responsible for retail product development, distribution and strategic distribution partnerships across Asia.

He will also work to scale up the depth and breadth of Ares’ relationships with financial intermediaries with the aim of striking strategic partnerships on innovative solutions across Ares’ primary and secondary solutions in credit, private equity, real estate and infrastructure strategies for retail investors.

Ares CEO and president Michael Arougheti said: “Henry’s addition and the build-out of AWMS’ capabilities globally reflect our commitment to expanding access to Ares’ leading investment strategies and market insights for individual investors.

“Through our expanding range of institutional and retail vehicles, coupled with excellent client service and educational resources, we believe Ares is well-positioned to support individual investors’ growing demand for high-quality private market solutions across the Asia region.”

Lee has over 17 years of experience in the private banking and investment management space. Before joining Ares, he worked at HSBC for 16 years.

During this time, he served a number of key roles including global head of Discretionary Portfolio Management and head of Alternative Investments for HSBC’s Global Private Bank.

Commenting on his new role, Lee said: “I am excited to join Ares as the firm continues to expand its platform offering to private wealth clients around the globe.

“Backed by Ares, a global leader in alternatives with a wide range of institutional quality alternative products, I believe that AWMS is attractively positioned for growth and will be well received by retail investors throughout Asia.”

Dhanda added: “With approximately 105 professionals and backed by the power and scale of the Ares platform, AWMS represents one of the most resourced private wealth distribution platforms in the alternatives industry. We believe that the extension of our wealth platform in Asia will help to further bolster our strong position in the market.”

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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