Singapore's wealth-tech platform Endowus buys majority of HK'S Carret Private

Singapore's wealth-tech platform Endowus buys majority of HK'S Carret Private

Singapore. Photo by Andrew Kow on Unsplash

Endowus, a Singapore-based wealth management platform backed by state-linked investor EBDI, has acquired a majority stake in Hong Kong-based wealth manager Carret Private Investments Limited (Carret Private), per an announcement.

Financial details of the acquisition were not disclosed, and Bloomberg reported that the deal involves more than 60% of Carret Private, a wealth manager and multi-family office that serves UHNWIs, facilities, trusts, and charitable organisations.

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