21 Aug, Wednesday – SINGAPORE: Lighthouse Canton has announced strategic leadership appointments within its wealth management business, enhancing its long-established coverage of clients from North Asia and Southeast Asia. These appointments are part of a broader strategy to deepen the company’s focus on clients from these regions, a segment that has been central to its growth from the very beginning. This follows the recent appointment of three senior executives across its Singapore and London offices, further underscoring Lighthouse Canton's ongoing expansion and strategic emphasis on key markets.
Stella Lau has been appointed as Managing Director, Wealth Advisory where she will be strengthening the company's client base and leading the growth strategy for North Asia. A market veteran, Lau has over two decades of private banking and leadership experience. She was previously Greater China Market Group Head at Deutsche Bank and has held similar roles, managing and expanding North Asia market teams at JP Morgan, UBS AG, and Credit Suisse AG.
"North Asia's dynamic and rapidly expanding wealth market offers exceptional growth opportunities," said Lau. "Lighthouse Canton's distinctive platform and value proposition uniquely position us to seize this growth. I am thrilled to join the team at this pivotal time. This is an incredible opportunity to build a strong and diverse team capable of delivering innovative, tailored investment solutions that meet the sophisticated needs of our clients."
Several experienced bankers who have previously worked with Lau have also joined her team. Under Lau's leadership, they will provide comprehensive wealth solutions to ultra-high-net-worth clients, families, and institutions.
Further strengthening the company’s leadership team and highlighting its focus on the region, Charlene Lin has been elevated to Managing Director, Strategic Growth - North Asia and Southeast Asia. A founding member of Lighthouse Canton, Lin has been pivotal in establishing the company's presence across Asia since its inception in 2014. Under Group CEO Shilpi Chowdhary's leadership, Lin has been at the forefront of driving success in North and Southeast Asia, where she has cultivated deep client relationships and significantly expanded the company’s influence. Commenting on Lau's addition to the team, Lin said, "Stella is a highly respected, seasoned professional who shares our vision and values. I am very excited to welcome her to our team as we work together to grow the business strategically."
Speaking on the recent strategic appointments, Shilpi Chowdhary, Group CEO, emphasized, "Under the leadership of Stella and Charlene, I am confident that we have a formidable team, deeply committed to delivering excellence and innovation. Their extensive experience and expertise are invaluable assets to our company, and I am certain their teams will be instrumental in advancing our growth strategy."
For H1 2024, Lighthouse Canton reported an 89% increase in revenue compared to the same period last year. The company's Assets Under Management (AUM) is expected to cross US$4 billion by year-end, underscoring its robust performance in key markets that include Singapore, the Middle East, and India. Additionally, it has seen a 23% increase in hires since the start of the year and continues to rapidly grow its global teams, making strategic appointments across business lines.
Lighthouse Canton, which oversees over US$3.7 billion in assets undermanagement and advisory as of June 30, 2024, employs more than 160 experienced professionals across its offices in Singapore, Dubai, India, and London. It provides comprehensive wealth and asset management services to a diverse clientele, including ultra-high-net-worth individuals, families, family offices, private accredited investors, and institutional investors.
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