Fintech Changemaker of the Year
Few if any fintech founders in Asia have navigated their firm with such astuteness and tenacity as Charles Wong, the chief visionary behind Privé Technologies, whose own career trajectory exemplifies the growing–and irreversible–interdependence between finance and technology.
Following a spell in investment banking and asset management (at one time he oversaw the Asia structured products desk at J.P. Morgan), Wong, upon observing a severe dearth of tech solutions targeting the wealth and asset management industry, set up Privé Financial Limited in Hong Kong in 2011 to fulfill a nascent but potentially unbounded need.
Initially targeting the independent asset manager (IAM) space, Wong developed Privé Managers, an impressive modular solution that won Asian Private Banker’s Best IAM/MFO Platform Award in 2015, and again in 2017.
Privé Technologies has since branched out into the fields of robo advisory, structured products, mobile app development and, with its 2017 acquisition of Singapore fintech WEALTH, client lead generation.
At a breakneck but strategically-informed pace, the firm expanded from its Cyberport-based head office, setting up in Singapore, Taiwan, Austria, Germany and the UK. And last year, Privé Technologies joined a consortium of securities companies in China to bring its digital platform to mass affluent and high net worth clients in the country.
Throughout, Wong has demonstrated a rare ability to steer his firm through what some say is an ‘exciting yet uncertain time’ for the fintech industry in Asia. Indeed, fintech firms, to remain relevant, must be able to adapt nimbly and sustainably, occupy a niche, and consistently add value for clients–all the while staying one step ahead of the innovation curve. Wong, the driving force behind Privé Technologies, has done just this.
Charles Wong is Asian Private Banker’s Fintech Changemaker of the Year for 2017.
“I have dedicated my career to creating digital solutions that revolutionise the wealth management experience, and to maximise advisor productivity and enhance the customer experience, enabling institutions and individuals to harness the power of financial technology.
Being recognised by Asian Private Banker as a pioneer in the financial technology industry is an immense personal honour, but I would also like to give credit to the Privé team for all of their hard work in developing and delivering superior fintech solutions to our clients.”