Singapore-based multi-family office Golden Equator Wealth (GEW) has expanded its market coverage and team of family office advisers with the appointment of Rai Rummaan Kharal as a managing partner of wealth and capital and Haroon Tufail as an executive director.
In his role as a managing partner, Kharal will focus on establishing and growing client relationships, assessing market opportunities, developing the business strategy for the multi-family office, and leading a team of family office advisers.
Besides his role in the multi-family office, Kharal will help bring more capital markets deal flow and develop the capital side of the Golden Equator Group which comprises venture and private capital businesses. He will report to Shirley Crystal Chua, founder and group chief executive officer of Golden Equator Group.
Kharal has more than 25 years of experience in wealth, investment management and international corporate banking. He was most recently executive director – market and team lead at Credit Suisse Singapore, where he successfully built, managed, and expanded a team servicing ultra-high-net-worth (UHNW) family clients in the South Asian region.
Before that, Kharal was with Deutsche Bank for 18 years, holding senior positions across corporate banking as well as investment and wealth management roles in Singapore, Thailand, Australia, Indonesia and Pakistan.
He holds a master of business administration from the University of Chicago Booth School of Business USA.
Tufail as an executive director will focus on providing holistic investment and multi-generational wealth planning solutions for UHNW families. He has close to 20 years of experience in wealth management and active portfolio management across various capital market products, working with UHNW clients and families in the United Arab Emirates, Pakistan and Singapore; and he was most recently director and relationship manager at Credit Suisse Singapore.
Tufail holds an MS degree in asset and wealth management from Singapore’s Nanyang Technological University and an MBA from Pakistan. He will report to Kharal.
Established more than 10 years ago, GEW says it plans to hire more senior family office advisers and achieve multifold growth in assets under management in the next 24 months.
