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US wealth manager Leo Wealth buys Singapore’s Jachin Capital, gets third office in Asia

The acquisition allows Leo Wealth to better serve the evolving needs of high-net-worth and mass-affluent individuals in the region
By Goh Thean Eu   
January 26, 2023

Dallas-based Leo Wealth has acquired Singapore fund manager Jachin Capital in a move that gives the US wealth management firm its third office in Asia after Tokyo and Hong Kong.

The Monetary Authority of Singapore has approved the acquisition, Leo Wealth says in a statement on January 19. It did not disclose the price.

Joyce Woo, founder and chief executive officer of Jachin Capital, will be chief executive and head of Leo Wealth Singapore and join the firm’s executive team in Asia.

According to Leo Wealth President Jessica Cutera, being on the ground in Singapore “pushes forward our rapid growth in Asia, enabling us to provide dedicated support for the international wealth creation and protection needs of wealthy families, high-net-worth and mass-affluent investors in Southeast Asia”.

“Expanding the markets that we serve in Asia continues to be an exciting opportunity for us in 2023,” she says in the statement.

Leo Wealth has US$4.5 billion of assets under management currently.