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Exclusive: Singapore IAM expands private markets team

Exclusive: Singapore IAM expands private markets team

Independent asset manager (IAM) HP Wealth Management has expanded its private markets team with a new hire, Citywire Asia can reveal.

Coming from UBS Singapore, Rosemary Liang has joined the Singapore-based IAM as senior investment manager.

Liang was previously part of the direct investments and corporate finance team at UBS for more than seven years. Prior to that, she worked at Malaysia’s CIMB Bank and DBS Bank Taiwan.

At HP, she is responsible for strengthening the firm’s expertise, execution capabilities and access to quality transactions for private market investments. Liang will work closely with Jose Camacho, who leads the private markets team.

‘The interest for private markets among our UHNWI [ultra-high-net-worth individual] clients is increasing and with the expanded team I am confident we can deliver,’ said Urs Brutsch, HP’s managing partner and founder.

HP was founded in 2009, and manages money on a discretionary and advisory basis for wealthy individuals and families predominantly based in Asia.

Like its peers, the IAM is building its in-house capabilities in private equity and debt investments on the back of growing demand from clients.

Brutsch said the firm has also built a network of institutional partners, including private equity funds and family offices, to be able to participate in more proprietary deals.

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