Key Takeaways
- • Paragon Capital Management, a Singapore-based multi-asset manager with S$1.5 billion ($1.2 billion) in assets under management, has signed a memorandum of understanding with Thailand's Wise Asset Management to collaborate on investment products across the two markets.
- • The MOU, signed on a Wednesday, sets out a framework that could include client introductions, access to selected investment products, joint investor initiatives and the sharing of market insights.
- • The partnership targets growing demand from wealthy Thai investors seeking exposure beyond their home market, according to the firms.
- • Paragon co-founder, CEO and CIO Paul Lee said the firm will proceed "in a disciplined manner," with a focus on regulatory compliance and product suitability.
Summary
Paragon Capital Management, a Singapore-based multi-asset manager, and Thailand's Wise Asset Management have announced a partnership to collaborate on investment products between the two markets. The firms signed a memorandum of understanding (MOU) on Wednesday that establishes a framework for the collaboration. The arrangement is premised on growing demand among wealthy Thais for investments beyond their domestic market.
According to the firms, the tie-up could include client introductions and access to selected investment products, as well as joint investor initiatives and the sharing of market insights. Paragon's stated aim is to connect its investment capabilities with eligible investors in Thailand, while giving its clients the opportunity to benefit from Wise's local market expertise.
Paragon manages S$1.5 billion ($1.2 billion) in assets across global equities, fixed income and alternative strategies, with offices in Singapore and Hong Kong. Co-founder, chief executive officer and chief investment officer Paul Lee described Thailand as an important Asian market supported by a growing community of sophisticated investors and families. He said the firm would proceed in a disciplined manner, with particular focus on regulatory compliance and product suitability.
Wise's chief executive officer, Woranun Thaworanun, said Singapore is a natural partner for Thailand as more Thai investors look to overseas markets for diversification and long-term wealth planning. He noted that the MOU combines Wise's licensed platform and local market expertise in Thailand with Paragon's multi-asset investment capabilities.
According to the firms, the tie-up could include client introductions and access to selected investment products, as well as joint investor initiatives and the sharing of market insights. Paragon's stated aim is to connect its investment capabilities with eligible investors in Thailand, while giving its clients the opportunity to benefit from Wise's local market expertise.
Paragon manages S$1.5 billion ($1.2 billion) in assets across global equities, fixed income and alternative strategies, with offices in Singapore and Hong Kong. Co-founder, chief executive officer and chief investment officer Paul Lee described Thailand as an important Asian market supported by a growing community of sophisticated investors and families. He said the firm would proceed in a disciplined manner, with particular focus on regulatory compliance and product suitability.
Wise's chief executive officer, Woranun Thaworanun, said Singapore is a natural partner for Thailand as more Thai investors look to overseas markets for diversification and long-term wealth planning. He noted that the MOU combines Wise's licensed platform and local market expertise in Thailand with Paragon's multi-asset investment capabilities.
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