As we look forward to the new year with excitement and optimism, we also pause to reflect on Swiss-Asia’s journey through the dynamic markets of 2025—a year defined by transformation, creativity, and resilience. It was a year in which we strengthened our foundations, embraced change with discipline, and demonstrated our ability to adapt thoughtfully while continuing to serve our clients and partners with consistency and integrity.
This journey began with a refresh of Swiss-Asia’s leadership and a series of strategic upgrades to our infrastructure, through which we achieved key milestones over the course of the year and laid the groundwork for long-term, sustainable success.
New Leadership and Renewed Vision
Founder and former CEO Olivier Mivelaz transitioned to the role of Executive Chairman, while Pying-Huan Wang assumed the position of Chief Executive Officer, bringing with her deep expertise in project finance, private equity, and impact investing. She is joined at the helm by Joanna Boo, Chief Operating Officer, a highly regarded figure in Singapore’s funds industry. Both leaders are long-standing contributors to Swiss-Asia and have returned to the firm with a shared ambition: to shape a forward-looking platform built on strong governance, disciplined execution, and a robust operational foundation.
Aligned with MAS’s vision to position Singapore as a leading green and sustainable financial hub, Swiss-Asia articulated a bold new mission: to be the trusted partner of choice for Wealth and Fund managers across Asia — known for its high-quality service, innovation, and steadfast commitment to Environmental, Social, and Governance (ESG) principles. Through seamless operational infrastructure and regulatory excellence, Swiss-Asia empowers independent managers to build tailored investment strategies and deliver enduring value to their clients.
Spotlighting ESG and Innovation
In 2025, we advanced our ESG initiatives and fortified our reputation as an industry trailblazer. We collaborated with our Fund Managers to publish their valuable insights on ESG and began onboarding a private equity impact fund, backed by a distinguished European energy conglomerate. On the innovation front, we introduced novel structured products, including a long-only whisky cask product curated by Wealth Manager Byron Murphy and the Alpha Quant Index by Sean Seah, a celebrated local finance author and educator. These efforts underscore Swiss-Asia’s commitment to sustainability and innovation.
Operational Excellence and Technology Investments
Swiss-Asia placed emphasis on streamlining operations, and invested in advanced technologies to enhance reporting, analytics, and investor onboarding. These upgrades reinforce our commitment to data integrity and reduce reliance on manual workflows, giving our proactive team members more bandwidth to provide the impeccable customer service on which we pride ourselves.
Celebrating Achievements Across Wealth and Fund Management
Our External Asset Management division delivered admirable double-digit growth, driven by our Wealth Managers’ enterprising strategies and market agility. Swiss-Asia’s proprietary model portfolio exceeded a 15% return as well. Our North Asia coverage expanded with the onboarding of two Wealth Managers, complemented by strategic collaborations in Taiwan.
On the Fund Management front, we onboarded new managers, supported family offices in Singapore, and launched structured products that stand out for their creativity and value proposition. Beyond the Alpha Quant Index and Whisky Note, we welcomed Florissant VCC – PropTech Farm Fund III, investing in AI-driven startups across Southeast Asia and Australia, and Ortus Macan VCC, pursuing a Global Macro strategy.
Several funds achieved noteworthy performance milestones (as of November 2025):
- Garuda Investama VCC – Garuda Growth Fund delivered year-to-date returns
exceeding 70% - AMB International SPC – Megatrend Trading SP celebrated its fifth anniversary
and exceeded 100% in its inception-to-date returns - The 23 Fund VCC – First Alpha Fund earned dual recognition from BarclayHedge
for outstanding performance
These achievements reflect the aptitude of our brilliant Fund Managers.
Looking Ahead to 2026
As we gallop into the Year of the Horse, we anticipate material progress in realizing our vision, including the launch of our first impact fund and onboarding of a Japanese activist fund focused on improving governance standards. These funds align well with the global trends: institutional investors are increasingly prioritizing ESG integration, and demand for impact-driven strategies is projected to accelerate as regulatory frameworks tighten and sustainability becomes a core performance metric. By expanding the ESG ecosystem through strategic partnerships and connecting catalytic capital providers with funds on our platform, we aim to capture this momentum and unlock high-impact opportunities that deliver both financial returns and measurable societal benefits.
Swiss-Asia is uniquely positioned at the intersection of innovation and governance. Leveraging our extensive resources — from in-house compliance expertise to seasoned professionals across Operations, HR, and Finance — we provide managers with a platform that accelerates time-to-market, enhances cost efficiency, and ensures robust regulatory oversight. Through educational initiatives and thought leadership, we also aim to showcase that partnering with Swiss-Asia is not simply joining the sustainable finance movement but actively expanding its frontiers. In collaboration with internal and external ESG experts, we will share best practices, impact measurement frameworks, and publish case studies on successful ESG integration strategies—positioning Swiss-Asia as a trusted partner and thought leader in sustainable finance.
As 2025 draws to a close, we extend our heartfelt gratitude to our Wealth and Fund Managers for their trust and partnership. We’re excited to welcome new Managers from diverse backgrounds and to drive growth and originality, together as we shape the future of our industry.