EAM TriLake Forms Collaboration With Thai Advisory Firm

EAM TriLake Forms Collaboration With Thai Advisory Firm

Singapore-based external asset manager TriLake Partners has established a cross-border collaboration with a wealth advisory firm in Thailand.

Singapore-headquartered TriLake Partners has formed a cross-border collaboration with MBMG Investment Advisory, an independent, fee-based wealth division of Thailand-based MBMG Group, according to a statement.

This tie-up will look to combine TriLake’s discretionary portfolio management (DPM) expertise and asset management value proposition out of Singapore with MBMG’s local advisory, structuring and holistic wealth planning capabilities.

Increasing Sophistication and Liberalization

According to Paul Gambles, MBMG co-founder and Trilake marketing committee member, there has been significant growth in demand for DPM services from high net worth individuals (HNWI) in Thailand, as increased investor sophistication and regulatory liberalization have led to greater cross-border asset flows in the last decade.

«The collaboration provides a panoramic, global solution to investment challenges. In the past, when clients required discretionary management, our approach was to analyze the market and identify and evaluate suitable providers. Where appropriate, we can now offer a more coordinated solution, while maintaining our independent advisory role,» Gambles said.

Local Representative Office

TriLake’s latest move follows its decision in 2023 to launch a representative office in Bangkok.

«This strategic collaboration is a natural extension of that commitment and reflects our intention to engage locally while delivering our discretionary expertise from Singapore, under our CMS (capital markets services) licence,» added Patrick Lauener, TriLake’s chief operating officer.

Trilake was founded in 2011 by finance professionals who are partners of three Swiss independent asset management companies: Forum Finance, Boccard & Partenaires and Avalor Investment.

MBMG Group has been operating in the region since 1996 and through MBMG Investment Advisory, it provides services in wealth planning, investment advisory and strategic structuring for HNWIs, entrepreneurs and families.