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WealthTech firm WeInvest enters North Asia, hires Thomas Tse to lead the team

Amid plans to expand successfully outside Southeast Asia, WeInvest will focus on offering digital wealth solutions to financial institutions in Hong Kong, China, Taiwan and South Korea

 

HONG
KONG, CHINA - Media OutReach - 28 January 2019 - WeInvest,
a Singapore-based WealthTech firm, announced today its entry into North Asia
with Thomas Tse as Head of Sales.  Thomas
will lead WeInvest's efforts to provide digital wealth solutions to financial
institutions across Hong Kong, China, Taiwan, and South Korea. WeInvest's
products cater to the needs of both affluent/HNI based wealth managers and
others targeting the mass market and emerging affluent.

 

Thomas brings with him over 15 years of
experience in financial technology including strategic consulting, digital
wealth transformation, enterprise architecture and solution design. Before
joining WeInvest, Thomas led Sales and Business Development for Greater China
at Bloomberg and Finantix. He will be based in Hong Kong.

 

Commenting on the
appointment, Bhaskar Prabhakara, CEO and Co-Founder of WeInvest said, "With
Thomas's expertise across financial technology sales and wealth management
solutions, we look forward to serving clients in  North Asia,. We believe Thomas will work
closely with financial institutions and bring the best of WeInvest's digital
wealth solutions to the market. We look forward to Thomas being a great
addition to the senior leadership team, where he can power the growth of a key
market and also bring regional flavours to the WeInvest product portfolio."

 

He further added, "The total
assets in Hong Kong's asset and wealth management industry reached HK$24.27
trillion at the end of 2017, up from HK$18.2 trillion as compared to the
previous year[1].
This pace of growth presents a huge opportunity to bring cutting edge digital
wealth solutions to the market"

 

Speaking on the future
opportunities for WeInvest in the region, Thomas said, "Hong Kong and rest of
North Asia have very similar considerations to make but there is definitely a
growing demand for sophisticated digital wealth solutions. With the many new
initiatives such as 'Belt and Road', 'Greater Bay Initiatives' and 'Virtual
Banking', there will certainly be a change in the landscape of financial
technology.. I am excited to lead the team in North Asia where we foresee many
opportunities and be part of the ecosystem as the industry evolves."

 

WeInvest recently expanded
into Middle East.  The firm has been
collaborating with two digital wealth platforms i.e. OCBC RoboInvest with Singapore
based OCBC bank and eWealth
with CGS-CIMB Securities.


WeInvest secured Series A
funding of US$12.2 million from Schroders in 2018, enabling it to further
expand the product suite as well as geographic presence.

About WeInvest

Founded in 2015 and based in Singapore, WeInvest
is a fintech which enables financial institutions to launch a digital wealth
offering. WeInvest is operational in Singapore, Dubai, Hong Kong, India,
Indonesia, Malaysia and Thailand.

 

For more information, please visit: www.weinvest.net.



[1] https://www.sfc.hk/web/EN/files/ER/PDF/2017%20Asset%20and%20Wealth%20Management%20Activties%20Survey_e.pdf

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