Crossinvest has expanded its proposition to offer its clients a single access point for strategic investment opportunities in private assets that the firm believes will define next-generational investments.
A former senior manager at the bank has joined the independent asset management house, this publication can reveal.
Singapore-based independent asset management firm Crossinvest has appointed Gary Tiernan as investments head, having most recently held senior management roles at the private banking arm of Standard Chartered, this publication can exclusively report.
Tiernan will be responsible for the suite of investment services and work towards further strengthening Crossinvest’s core investment proposition, the firm said in a statement emailed to this news service.
With three decades of experience in financial markets, Tiernan has been based in Singapore since 2004. During that time he has led teams working with clients from Asia, Middle East, Europe, Africa and Latin America. Most recently, he held a number of senior leadership roles at Standard Chartered Private Bank including global Head of the investment advisory, fiduciary and sales management functions.
Tiernan was also a member of Standard Chartered’s global management and investment committees. From 2000 to 2008, he worked with Deutsche Bank Private Wealth Management firstly in Switzerland and then in Asia. When he left he was the Asia regional head of global investments and sales and a member of the Asia management committee. He started his career in financial markets in London where he led teams in derivatives and proprietary trading.
Operating in Asia since 2005, Crossinvest was born out of a single family office in Swizerland in 1985.
“His appointment underlines our commitment to bring high quality capabilities to our clients. Gary’ appointment reinforces the increasing importance of the independent wealth management sector and our ability to attract people from traditional private banks,” Rohit Bhuta, chief executive at Crossinvest, said.
Wealth Bulletin: All Eyes on the US Election, China’s Renminbi and Philippines President Rodrigo Duterte
In an investment world that appears to be dominated by volatility, it feels strange to note that the main headlines last week are very much the same as prior ones – the US election, the sterling post-BREX-wish-we-could-reverse-IT, China’s Renminbi (CNY) and associated currencies, and Philippines President Rodrigo Duterte.
With regard to the US election, Clinton extended her lead and appeared to be a clear favourite to lead the US for the next term, until of course the email scandal reared its ugly binary head again. The FBI director announcement over the weekend was ill-timed at best, and at worst, possibly intentional if viewed with a conspiratorial hat on.
The global markets have reached interesting technical levels in several currencies (USD, EURO, CNY, SGD, GBP), in 10-year US treasuries and in several equity markets. Risk assets are precariously positioned – any positive or negative “shock” can, given these technical positions, see significant moves in these risk assets either way. The markets’ are closely watching the US election – the recent turn of events concerning a certain FBI director, who may suddenly have had an (patriotic or a conspiratorial) epiphany, may provide the catalyst for one such (negative) shock this coming week.
Crossinvest, one of the Asia’s foremost independent wealth managers, has been shortlisted for the WealthBriefingAsia Singapore Awards 2016 in the Best Independent Wealth Manager category.
History was made today as Britain voted to exit its 43-year membership of the EU.
In a stunning development that upset predictions of a ‘Bremain’, the UK voted to leave the economic grouping in a very tightly contested referendum.
With all votes counted, 51.9% voted to break away from the four-decade-old EU membership of the EU, while 48.1% voted to stay within, according to media reports.