HP Wealth Management Poaches From UBS Again
HP Wealth Management has landed two seasoned client advisors from UBS Singapore – another sign of the independent wealth manager's pull with bankers.
Michael Sutter and Alex Grindley are joining HP Wealth Management as Senior Relationship Managers. Both move over from UBS in Singapore, where they held senior positions in wealth management, the independent wealth manager said on Wednesday.
At HP Wealth Management, the two new hires are expected to build their business on trusted relationships – without any pressure to sell products. The firm's business model, it said, is aligned with clients' interests throughout.
Asia's Largest Wealth Manager as a Talent Pool
«The fact that two senior practitioners join HP Wealth Management from the largest wealth manager in Asia is testament to the fact that we have the right platform,» said founder and Managing Partner Urs Brutsch. Senior Relationship Managers, he added, find an environment at the firm that lets them perform and use their entrepreneurial spirit to build a thriving business.
HP Wealth Management was founded in 2009 by Brutsch and is one of the oldest independent wealth managers and multi-family offices in Singapore. The firm has poached from UBS Singapore before on different occasions.
25 Years at UBS – and a Model Without Retrocessions
Sutter, who spent more than 25 years at UBS, points to the firm's fee-based model as a key reason for the move: «I strongly believe the fee-based model aligns well with clients' interests.» Based in Singapore, he said, he looks forward to supporting clients holistically, drawing on HP Wealth Management's broad services and his own global network.
Grindley, too, frames his move around the firm's independence: «It's easy to mistake size for security, and security for purpose. The chance to stand behind your own decisions – and to make them in the right interest – is rarer than it should be.»
