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Ex Morgan Stanley CEO joins robo-advisor

Ex Morgan Stanley CEO joins robo-advisor

Former CEO of Morgan Stanley Singapore, Sim Hwee Hoon, has become the newest member to join the advisory committee of StashAway, a digital wealth management platform.

Sim has more than a decade of experience as a managing director in C-suite positions at major US banks.

Most recently, she was the CEO of Morgan Stanley Asia International Limited, Singapore branch, where she also sat on the board of directors.

She was also the regional chief operating officer of Private Wealth Management Asia in Morgan Stanley from 2010 to 2016.

Commenting on the role, Sim said: ‘Coming from the private banking space, I see clients accumulate wealth through investments, but these tools are not readily accessible to the broader public.

‘I believe StashAway’s approach is simple, yet well-considered, and finally provides the public affordable access to quality investments, which would otherwise not have been available to them.’

She joins Pranay Gupta, former head of multi-asset strategies at Fullerton Fund Management, among others as part of StashAway’s advisory committee.

Based in Singapore, StashAway owns its Capital Market Services retail fund management license from the Monetary Authority of Singapore.

It uses a proprietary asset allocation framework, has released a mobile app for both Android and iOS, and will allow customers to also deposit US Dollars for investment by early 2018, amongst other differentiators.

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