Developed in collaboration with asset management and technology firms, the platform will launch later this year and act as a hub for future expansion into other markets.
Clients’ assets and funds will be cleared and held with Pershing, part of BNY Mellon. Being a US-regulated entity, Pershing offers US tax reporting as part of its suite of services; meaning that US expatriate investors living in Singapore will also be able to invest on the platform, in addition to other accredited expatriates and Singaporean investors.
Tarek Khlat, co-founder and group chief executive at Crossbridge Capital, said: “Our new digital platform will bring the same philosophy but to a wider audience. It empowers clients to utilise the latest technology to manage their investments in their own time and without the high fees of traditional operators.
“History has shown that technology can help people invest smarter. We are bringing together the human investment talent that we have in-house with the latest technology to enhance our service offering to clients and ultimately provide outperformance with lower risk,” he said.
Charlie O’Flaherty, partner and head of digital strategy & distribution at Crossbridge Capital, said: “We are confident that our digital solution, will be very attractive for accredited Singaporean investors and US expatriates in Singapore who are finding it increasingly difficult to access investment and savings products while living overseas.
“Our collaboration with Pershing will enable us to offer the same bespoke investment solutions to US expatriates that our other high net worth clients enjoy.
Established in 2008, Crossbridge Capital is an independent wealth advisor with approximately $3bn in assets under supervision. The company is regulated in multiple markets and has offices in London, Singapore, Monaco and Malta.