Singapore-headquartered Envysion Wealth Management has agreed a strategic partnership with Malaysian firm Bill Morrisons.
The partnership will enable Malaysian investors to gain access to an international wealth management solutions platform and the option to re-domicile their assets via a variable capital company (VCC) or family office set up in Singapore.
Under this partnership, Envysion Wealth Management and Bill Morrisons will operate on a joint discretionary portfolio management model, starting with a target of $100m (£,€) in assets under management.
‘First venture overseas’
Veronica Shim, founder and chief executive of Envysion Wealth Management, said: “This partnership marks Envysion’s first venture overseas, and we see this partnership maximising our competitive advantage in Asia, leveraging a broader pool of resources to drive value for our clients in the region.
“This is an exciting phase for us as we propel the business to the next stage of growth, and we are happy to be partnering with Bill Morrisons, who brings over 120 years of combined experience in banking, investments and insurance sectors.”
Billy Hii, founder and director, Bill Morrisons Group, said: “The landscape for a true multi-family office in Malaysia has never been more ready as many high net worth Malaysians have been searching for such services locally.
“It took us three years and numerous trips down to Singapore seeking for the right strategic partner with the right dynamics that shares our vision in placing our clients’ interests at heart. This strategic partnership forged with Envysion Wealth Management will put us on the forefront to bring our ideation of beyond wealth management to investors.
“The combined expertise that could be gained from this partnership will benefit our clients in Malaysia, Thailand and Indonesia. This will elevate us significantly and bring us to par with international multifamily offices serving in this region.”
