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July 29, 2020

Wealth services provider Wilmer Gibson sets up new Tokyo outpost

Wilmer Gibson, a provider of wealth management services, has established a new office in the Japanese capital of Tokyo.

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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 new office is said to boost the firm’s position outside Singapore.

Wilmer Gibson CEO Carver Yang believes that the Tokyo addition will play an integral role in sustaining growth at the firm.

Yang noted: “This office is one of the many movements Wilmer Gibson is making to take advantage of the opportunities in the global investment management industry, including expansion in the Asia Pacific region and the development of additional resources in many areas such as technology, marketing, global wealth management and institutional client management.”

The Tokyo location will initially accommodate nearly 42 employees, mostly new hires.

The office will focus on technology though it will also cover other areas such as global wealth management, institutional client management, as well as marketing.

The senior vice president and head of global wealth management sales David Wu will be in charge of the new facility.

“The Tokyo office delivers the opportunity to expand our customer relationships, hire new experts in the field with additional skills and knowledge, and expand our technology expertise and innovation across the Asia-Pacific region,” Yang added.

Earlier this week, Wilmer Gibson was in the news for its purchase of a Singapore-based insurance specialist and risk advisory business.

The name of the acquired entity has not been revealed.

Wilmer Gibson said that the name will be revealed once the regulatory and contract signing process is wrapped up.

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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