Bringing you live news and features since 2006 

Wealth-X appoints Steve Farrer as head of Greater China


Wealth-X, the global intelligence, prospecting and wealth due diligence company, has appointed Steve Farrer as Vice President and Head of Business Development, Greater China. Based in Hong Kong, Farrer will drive the strategic expansion of Wealth-X’s business in China.

A former consultant at World-Check and MasterCard International (Asia-Pacific), Farrer brings with him years of experience consulting with organisations, mainly in the financial services sector, on regulatory risk and compliance mitigation.

Latest intelligence published by Wealth-X in the World Ultra Wealth Report estimates there are 11,475 individuals with a minimum net worth of USD30 million each in Mainland China and 3,200 ultra high net worth (UHNW) individuals in Hong Kong.

"We’ve experienced strong demand for client acquisition solutions intelligence on UHNW from financial institutions, not-for-profits and luxury brands in China, hence there is a need to expand our existing China and Greater China operations," says Mykolas Rambus, CEO of Wealth-X. "With two offices in China; Guangzhou and Hong Kong, we’re in a better position to serve our members in this important market."

"As China leads the expansion of UHNW in Asia Pacific, professionals who deal with this client segment find it increasingly difficult to connect and build trust with the ultra wealthy," says Farrer. "Intelligence is the key to unlocking this massive wealth potential, and I’m excited to be joining such a fast-growing organisation."

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by