WRISE Group, a wealth management firm headquartered in Singapore, has launched WRISE Capital, a new core business unit specializing in comprehensive corporate finance and advisory services for listed companies, private and institutional clients.

The move follows the acquisition of Elstone Capital, a licensed financial advisory firm in Hong Kong managing deals such as initial public offerings, takeovers, privatizations and listing transfers. WRISE Capital will operate from Hong Kong, serving clients globally.

Alongside WRISE Private and WRISE Prestige, WRISE Capital will serve as one of the three core business units of the group, solidifying the company's position as a comprehensive financial services provider for ultra-high-net-worth and high-net-worth clients.

The move comes amid an unprecedented growth in Asia's dealmaking landscape, with mergers and acquisitions ( M&A ) in the region growing 20% to US$666 billion in 2024, outpacing North America ( 2% ) and Europe ( 9% ).

"The acquisition of Elstone Capital and the formation of WRISE Capital represent a significant milestone in our group's strategy to provide a comprehensive 360-degree wealth ecosystem for clients," says WRISE Group executive chairman Derrick Tan.

"With a rich history of successful transactions and a deep understanding of global financial markets, Elstone Capital's expertise aligns perfectly with WRISE Group's commitment to providing clients with tailored strategies across key global financial hubs. As investors and businesses seek financial advice in today's dynamic market, WRISE Capital will continue to extend strategic expertise and innovative solutions to our clients," he adds.

Headed by newly appointed CEO Nicholas Cheng, WRISE Capital will provide a full range of corporate finance and advisory services, including M&A and takeovers advisory, IPO sponsorship and preparation, as well as post-listing and compliance advisory services for Hong Kong-listed companies.

WRISE Capital's management team will also include chief strategic officer Alan Au-Yeung and chief operating officer Fanny Lee. Both executives each have over 20 years of experience across corporate finance and compliance advisory services.