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His successor was chief executive of Transamerica Life Bermuda in the city state
Ian Kloss has stepped down as chief executive of Quilter International Singapore.
He recently left Quilter International and has relocated to the UK, the insurer confirmed on Tuesday.
High net worth strategy
His replacement has been named as Nicholas Kourteff, who joins the international life office from Transamerica Life Bermuda where he served as Singapore chief executive.
He has held a number of senior roles at some of the biggest names in the sector during his 25-year career. These include Credit Suisse, UBS, Axa Wealth Management Asia, Winterthur Life and Commonwealth Bank of Australia.
Advisers ‘can play a critical role’ in a bid to help educate clients
Client financial education has been one of the biggest problems in the UK for a number of years and research shows that it also an issue in Asia.
Quilter International surveyed 107 high net worth (HNW) individuals across Hong Kong and Singapore and found 47% believe their greatest concern is a lack of financial knowledge about managing their wealth.
Despite this, 53% across both regions want to be actively involved in managing their wealth, meaning that they are part of the decision-making process and are informed about why actions are being taken.
HNWIs in SE Asia cite lack of financial knowledge as greatest concern: report
A new report from Quilter International, released today, reveals that close to half (47%) of high net worth individuals (HNWIs) across Hong Kong and Singapore cite a lack of financial knowledge about managing their wealth as one of their greatest concerns.
Despite this, over half (53%) of HNWIs across both regions want to be actively involved in managing their wealth meaning that they are part of the decision-making process and are informed about why actions are being taken rather than actually performing transactions or fund research.
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This highlights an opportunity for wealth managers and financial advisers to educate and empower HNWIs so that they can make better informed decisions about their wealth.
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