7 11 月, 2023Comments are off for this post.

Golden Equator Wealth fuels growth with Dubai entry

Golden Equator Wealth (GEW) is aiming to grow its assets under management (AUM) by another $1 billion, according to founder Shirley Crystal Chua in a conversation with finews.asia

The multi-family office (MFO) specified no timeline for achieving this goal but noted that growth would be driven by its home market in Singapore as well as a planned 2024 entry into a second market: Dubai.

Read the full interview in the link here.

21 9 月, 2023Comments are off for this post.

Singapore wealth management players unfazed by money laundering probe

Wealth management industry players said the recent probe into a money laundering ring should be viewed in a positive light, and should enhance Singapore’s position as a hub for the region’s richest.

Authorities in August conducted several simultaneous raids and seized the assets of 10 individuals, who have been charged for alleged forgery, money laundering and/or resisting lawful apprehension. The value of the assets seized has since grown to S$2.4 billion, making this the largest anti-money laundering operation in Singapore’s history.

Some players flagged a risk that the crackdown would spur the implementation of measures that are even more stringent.

Such moves could put off clients who prioritise both security and efficiency in transactions, said Shirley Crystal Chua, founder and group chief executive of multi-family office Golden Equator Wealth. "Overly stringent measures may slow down the opening of accounts and result in additional barriers to overseas funds", she added.

Read the full article here.

5 9 月, 2023Comments are off for this post.

The Simple Sum clinches ToGoTo prize at SGX Orb Awards 2023

The media landscape has evolved, with the proliferation of social media and mobile technology giving voice – and the power to influence those seeking information – to a new generation of content producers. It is against this backdrop of change and transition that the SGX Orb Awards seeks to recognise excellence in financial news and content.

Now in its sixth edition, this year’s special category accepted entries only from next-generation investors – students from around the world with an interest in the financial markets – challenging them to imagine the future of finance and Asia’s role in it.

The winners of five categories were unveiled at SGX Group’s annual Media Appreciation Night, which was held on 5 September 2023 evening.

The Simple Sum took home TheGoTo prize, the award for the best digital platform that enhances financial education.

To view the full list of winners, click here.

18 8 月, 2023Comments are off for this post.

KOSME K-Unicorn AcademyProgram: Startups Engage with Online Mentors from Singapore 

Fifty Korean startups chosen for the KOSME K-Unicorn Academy organized by Korea SMEs & Startups Agency (KOSME), are engaging in valuable online mentorship sessions led by international venture capitalists and investment experts. On July 27, August 3 and August 10, the startup founders delved into Singapore-focused sessions guided by Eugene Noh, Deputy Director of NUS Enterprise, and Cindy Teoh, Investor at Micdrop Capital.

On August 10, Andrew Kim, CEO & Founder of Fynd, recruiting & talent management platform for startups and companies, talked to the participants about his company and the recruitment processes for startups and the importance of talent acquisition. In the next session, Jean Yeow, Associate Director from Golden Equator Capital, gave insights on IR Deck pitches by startup founders as they met for one-on-one sessions.

Click here to read the full article.

8 8 月, 2023Comments are off for this post.

Is it time to ditch the $10 latte? How to prepare for retirement in Singapore amidst rising costs

We get it: retirement planning doesn’t sound like much fun. But just because you’re still young and agile doesn’t mean you can’t (or shouldn’t) prepare for your future. Plus, planning for your golden years isn’t an easy, one-off exercise. You’ll have to assess and adjust your plans continually.

Seow Kai Lun, managing editor of The Simple Sum, an online platform that delivers easy-to-understand and entertaining personal finance tips, suggests drawing up a projected retirement expenses plan. It should include daily expenditures such as meals and housing, healthcare costs, emergency funds, and your retirement lifestyle.

Read the full article here.

29 5 月, 2023Comments are off for this post.

Get money tips on TikTok? These influencers make understanding finance fun

Let’s face it, financial concepts can be awfully boring for many people, but there is a wealth of online sites that break down the jargon and dry stuff into short, entertaining snippets of information. Influencers, bloggers and financial education sites have gained wide appeal, with some boasting tens of thousands of followers. Their reach means they can shape opinions and drive investment decisions. The Straits Times learns what motivates them and how they ensure that they dispense financial advice responsibly.

The Simple Sum, a personal finance content portal with 300,000 followers on Instagram, uses comics to demystify financial planning, budgeting and life for people between 18 and 35 years old, says founder Shirley Crystal Chua.To read the full article, click here.

16 5 月, 2023Comments are off for this post.

Jenfi raises more funding for its ‘growth capital as a service’ platform

Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in as little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, which led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea Investment Partners & Golden Equator Capital and Atlas Ventures.

Read the full article here.

24 4 月, 2023Comments are off for this post.

3 Local Winners Clinch Invaluable Business Support in *SCAPE Creative Fellowship Programme’s Demo Day

Following an intensive, three-month entrepreneurship programme, *SCAPE and Golden Equator Learning (the learning and development business of Singapore-based holding group Golden Equator) today announced the top three startups of *SCAPE Creative Fellowship Programme's Demo Day. The winners are Lilee PerfumeGuub, and the moonbeam co. and the awards were presented by guest of honour, David Chua, Chairman of *SCAPE and Chief Executive Officer of the National Youth Council.

Read the full article here.

23 3 月, 2023Comments are off for this post.

Fresh scrutiny on CoCo bonds: Wealthy families advised to tread carefully

Vishal Nanwani, Senior Portfolio Manager of multi-family office Golden Equator Wealth (GEW), recently spoke to The Business Times on banks’ AT1 bonds also known as Contingent Convertibles (CoCos), on the back of the Credit Suisse takeover.

Read the full article here

17 3 月, 2023Comments are off for this post.

Singapore Multi-Family Office Nets Credit Suisse Duo

Singapore-based multi-family office Golden Equator Wealth has hired two former Credit Suisse bankers to expand market coverage.

Rai Rummaan Kharal joins Golden Equator Wealth (GEW) as a managing partner, according to a statement, reporting to founder and group CEO Shirley Crystal Chua.

In addition, GEW has also hired fellow ex-Credit Suisse colleague Haroon Tufail as an executive director, reporting to Kharal. He is tasked with providing investment and multi-generational wealth planning solutions for UHNW families. 

Read the full article here.

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