Azura, the wealth-management firm focused on billionaire entrepreneurs, has its eyes on Singapore as it plans to establish a presence in the Lion City.
Founder Ali Jamal is expanding Azura's London team of six bankers with plans to hire 14 more in the UK capital by the end of 2020. It also expects to grow its footprint in Monaco and Singapore.
The firm, which counts former Credit Suisse bankers Karim Lari and Benjamin Leung as partners, provides wealth management services, including advisory and family office services, for UHNW clients. Azura has already amassed $2.5bn in assets under management, with offices in London and Monaco.
We're going to see people coming back, more inflows and the glamour return"
While the possibility of Labour's Jeremy Corbyn in power has slowed some hiring in the City of London, Jamal discounts the possibility of him ever wielding power.
"It's very difficult to see Jeremy Corbyn winning, and even if he wins I don't think that he will have a majority," Jamal said, predicting a Conservative victory would turbocharge the financial centre. "We're going to see people coming back, more inflows and the glamour return."
London is ideal "for security, for its financial system, for the lifestyle and the amount of wealthy individuals living here or moving here," Jamal told Bloomberg.