Golden Equator Group has refreshed its business structure, putting a renewed focus on building linkages between the older and younger generations of wealth owners.
It aims to grow its assets under management (AUM) to US$1 billion over the next couple of years, from the current “integrated” asset size of US$600 million, which includes wealth assets and private capital funds.
Golden Equator Group has two main business pillars – capital and community. Most of the AUM sits in the capital segment, comprising the multi-family-office (MFO) service under 金道财富管理, and private capital funds under Golden Equator Capital.
To beef up the MFO business, the firm roped in two finance veterans last year. Formerly with Credit Suisse, Rai Rummaan Kharal joined as a managing partner of wealth and capital, and Haroon Tufail as an executive director. They are part of a plan to grow the team of family office advisers.
Says Golden Equator Founder and Group CEO Shirley Crystal Chua: “With more senior family office advisers on board, they bring strong in-market and regional experience, and, where it makes sense, they will explore the possibility of establishing our presence in other markets.”
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