JAR Capital Crosses Billion-Dollar Mark in Singapore
In a bold move that cements its position as a leading force in Asian wealth management, JAR Capital has announced the acquisition of Lyra Capital, propelling its Singapore-based assets under management past the $1 billion milestone.
JAR Capital, a global wealth and fund management powerhouse headquartered in Switzerland, has signed a definitive agreement to acquire Lyra Capital, one of Singapore’s most established Multi-Family Offices. The acquisition underscores JAR’s long-term commitment to Singapore as a strategic hub and springboard into high-growth Asian markets.
Set to conclude by the end of July 2025, the deal will more than double JAR’s local headcount and position its Singapore operations firmly within the top echelon of the city-state’s EAM ecosystem. The combined team will operate out of newly expanded premises at One George Street, with 18 professionals now forming the core of JAR Wealth Management.
Seamless Integration and Shared Vision
The acquisition is structured as a cash-and-stock transaction, with Lyra Capital’s founders joining JAR as shareholders and directors. Their continued presence ensures a smooth post-deal integration and preservation of client relationships and institutional knowledge.
Tim Walter, CEO of JAR Wealth Management, hailed the deal as a defining milestone: «In under three years, we’ve built a billion-dollar business in Singapore. This acquisition allows us to deepen our investment platform, expand our reach into Japan and Southeast Asia, and continue delivering exceptional service under the guidance of our CIO Karol Bonati.»
Lyra Capital Brings Legacy, Relationships, and Market Access
Lyra Capital, founded in 2007, is a trailblazer in Singapore’s external asset management space and boasts deep roots in the Asian high-net-worth community. With strong ties across Japan, Thailand, Indonesia, and Australia, Lyra’s network provides JAR with a formidable foundation for regional growth.
Charles Monney, CEO of Lyra Capital, reflected on the journey: «Great success comes from meaningful encounters. This next chapter with JAR represents the continuity of everything Lyra stands for –integrity, intelligence, and a client-first philosophy … now amplified with global reach and expanded capabilities.”
Unlocking Synergies in Wealth and Fund Management
Beyond client expansion, the deal delivers powerful operational and investment synergies. JAR’s global investment committee, spanning Geneva, Dubai, and Singapore, will now serve a broader base with curated fund access and proprietary investment strategies.
Additionally, JAR’s leadership in fund management through Singapore’s Variable Capital Company (VCC) regime will be a new asset for Lyra’s clients, opening doors to sophisticated structures previously out of reach for them.
Cultural Fit Built for the Future
«This isn’t just about growth,» emphasized Tim Walter. «It’s about cultural alignment and a shared vision for serving high-net-worth individuals with agility and integrity. Together, our firms are stronger — more innovative, more global, and more responsive to our clients' evolving needs.»
Gerald de Senger, Chairman of JAR Capital Group, echoed this sentiment: «Our expanded Singapore presence reinforces our status as a global reference player in wealth management. The acquisition is a strategic leap forward – grounded in trust, shared values, and a common purpose.»
