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March 1, 2022

Sovereign Wealth expands into Asia

By Patrick Brusnahan

Sovereign Wealth, principal partner of St James’s Place (SJP), has launched in Asia by welcoming seven existing Hong Kong-based partner practices to join the firm.

Free Report
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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 mergers have allowed Sovereign Wealth to move into Asia. After this process the combined entity will be relaunched as Sovereign Wealth Hong Kong and will manage over £250m ($335m) from the outset.

Furthermore, it aims to enhance the experience of clients in the region, offering greater access to client-focused tech, tax and legal expertise, as well as administration support.

Justin Davies will become the managing partner for this arm.

Charles Mardon, Chief Executive Officer, Sovereign Wealth, said: “I am delighted to announce the launch of our new practice in Asia. It was the natural choice for us work with an existing and well-established team in the region who shares many of our core values in delivering the very best standards of financial advice, backed by strong relationships and built upon a foundation of trust and mutual respect. There are many exciting opportunities that this new partnership can bring to our valued clients in Asia and we are well positioned to continue our growth and success in Hong Kong.”

Oliver Wickham, Chief Executive Officer, SJP Hong Kong, added: “I’m very excited to welcome Charles and Sovereign Wealth to join our Hong Kong Partnership. This is a timely demonstration of our continued belief in the opportunity that exists in the wealth management space in Hong Kong. With clients needing and valuing professional relationship-based financial advice more than ever before. We are looking forward to working alongside Charles and the Sovereign Wealth team and have no doubt the Partnership will be a huge success.”

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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