Schroders acquires independent Asian wealth manager Thirdrock
February 1, 2019

Schroders Wealth Management today announces it has reached an agreement to acquire the wealth management business of Thirdrock Group. Founded in 2010 and based in Singapore, Thirdrock is an independent asset manager with client assets under management of S$3 billion (£1.7 billion). 

Thirdrock will be merged with Schroders' existing Singaporean business and operate under the Schroders' brand. Thirdrock employees, including Client Advisers and Portfolio Managers with proven investment expertise as well as the existing management team, will transition to Schroders Wealth Management offices in Singapore.

Jason Lai, CEO and Founder of Thirdrock Group, will take on the leadership of Schroders Wealth Management in Asia as Head of Wealth Management Asia, and spearhead the drive to grow the business across the region. Melvyn Yeo, Chair of Investment Committee and Co-Founder of Thirdrock, will take on the role of Deputy Head of Wealth Management Asia. 

Both will work closely with Simon Lints, Head of Wealth Management in Singapore, and Robert Ridland, Head of Wealth Management in Hong Kong.





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across fundservices.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Schroders Wealth Management today announces it has reached an agreement to acquire the wealth management business of Thirdrock Group. Founded in 2010 and based in Singapore, Thirdrock is an independent asset manager with client assets under management of S$3 billion (£1.7 billion). 

Thirdrock will be merged with Schroders' existing Singaporean business and operate under the Schroders' brand. Thirdrock employees, including Client Advisers and Portfolio Managers with proven investment expertise as well as the existing management team, will transition to Schroders Wealth Management offices in Singapore.

Jason Lai, CEO and Founder of Thirdrock Group, will take on the leadership of Schroders Wealth Management in Asia as Head of Wealth Management Asia, and spearhead the drive to grow the business across the region. Melvyn Yeo, Chair of Investment Committee and Co-Founder of Thirdrock, will take on the role of Deputy Head of Wealth Management Asia. 

Both will work closely with Simon Lints, Head of Wealth Management in Singapore, and Robert Ridland, Head of Wealth Management in Hong Kong.



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Asset management