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Annum Capital and Turoid: Pioneering AI Innovations for Asia's Family Offices

In a significant move set to redefine wealth management in Asia, Annum Capital, a prominent financial services firm based in Hong Kong, has established a partnership with Turoid, an innovative technology provider specializing in cutting-edge AI solutions. This collaboration promises to leverage artificial intelligence within the realm of multi-family offices and asset managers, targeting the evolving needs of affluent clients across the region.

Transforming Wealth Management

Annum Capital aims to integrate AI into various facets of its operations, including external asset management (EAM), fund management, private equity, and strategic consulting. This partnership will utilize advanced AI-driven governance and analytics to streamline processes like client onboarding, risk management, and advisory services.

Phase 1 Implementation

As part of their initial collaboration phase, Turoid has rolled out its “Wealth Pilot” functionalities. These features integrate AI into several key operational areas:

• - AI-Powered Client Onboarding and Trade Cycle: Enhancing due diligence, analytics, and risk management tasks, ensuring a seamless experience for clients.
• - Asset Allocation and Portfolio Diagnostics: Using real-time market conditions to optimize asset distribution while considering compliance and specific client constraints.
• - Private Market Due Diligence: Providing comprehensive analyses by aggregating information from numerous data sources to support thorough vetting and informed decision-making.
• - Performance Management: Employing anticipatory AI to maximize efficiency across all operational departments, improving capacity management and cost control.

Looking Ahead to Phase 2

The partnership's second phase will focus on developing tools that increase Annum Capital's competitiveness in the marketplace:

• - Price Discovery Platform: Aimed at internalizing issuer relationships and enhancing economic benefits for structured products.
• - Custom-Indexing Engine: This innovative solution will allow for the scaling of Annum's in-house investment strategies without incurring significant costs.
• - Automating Hong Kong Limited Partnership Fund Setup: Facilitating faster adoption of local private fund formats by investment managers and family offices.
• - Marketplace for Secondary Transactions: This platform will replace the traditional broker-centric models with an AI-driven approach to facilitate better matching and execution among Asian institutional investors.

Executive Insights

Aaron Sung, Head of Asset Management at Annum Capital, expressed excitement over the initial implementation of the Wealth Pilot. He noted that AI not only enhances the decision-making process but also provides invaluable insights for both investment teams and relationship managers. Meanwhile, Alvis Sze, Chief Technology Officer, emphasized Turoid’s exceptional adaptability, highlighting how their solutions seamlessly integrate into Annum's workflows, thereby enhancing operational efficiency.

Nick Wong, the CEO of Turoid, remarked on the transformative potential of AI within the financial services industry. As Hong Kong solidifies its reputation as a leading global wealth management hub, Wong anticipates that local fintech innovators like Turoid will play a crucial role in elevating industry standards for international firms.

Future Rollout

Both Annum Capital and Turoid plan to expand their AI-enabled “Wealth Pilot” services to additional family offices and institutional investors across Asia by 2026 and 2027. This strategic rollout aims to bridge the gap between innovative technologies and the financial needs of Asia's wealthiest clients.

About Annum Capital

Annum Capital stands out as a leading financial services group in Hong Kong, excelling in external asset management, fund management, and corporate advisory services. With a commitment to aligning interests with clients, Annum Capital is both employee-owned and dedicated to upholding a high standard of service.

About Turoid

Based in Hong Kong, Turoid specializes in integrating advanced AI technology into wealth management. Their mission focuses on enhancing decision-making and risk management processes for family offices and asset managers, ultimately aiming to cultivate a more effective and agile investment environment.

With these ambitious plans in motion, Annum Capital and Turoid are poised to revolutionize the AI landscape in Asian family offices, demonstrating how technology can significantly enhance investment strategies and operational efficiency.