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Former Coutts, Credit Suisse executive creates 'digital' wealth manager

Publication Date: 10 Jul 2019 - By ReachX T. By ReachX T.
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Investment Strategies Multi Asset UK EU Financial Services Fintech

A former Coutts and Credit Suisse private banker has launched a digital wealth manager with an objective to create bespoke investment solutions that combine artificial intelligence with top-tier human advice.

The company – Rosecut Technologies – was launched last week by Qiaojia Li, a private banker at Coutts and Credit Suisse, and Gustavo Silva, programmer and serial entrepreneur. It has been registered through the UK Financial Conduct Authority (FCA) as an appointed representative of Dolfin Financial.

Li previously headed the Asia desk at Coutts International, working with ultra-high net worth clients, many of whom had made their fortunes through technology businesses and were younger than the average Coutts client.

This, she says, gave her strong understanding of what the so-called “next-gen” client segment – tech-savvy, wealthy and highly international – are looking for. Rosecut is primarily aimed at those with liquid wealth between £250,000 and £3m, who Li feels are underserved in the current market. Li was recognised as a top wealth management talent through PAM Insight's 2018 Top 40 Under 40 initiative. 

She met Silva through talent incubator Entrepreneur First late last year. The incubator helps those working at the top of their industries find programming and technology experts, facilitating the co-founder relationships that form the foundation of strong businesses.

It has led to the creation of more than 200 companies and has helped these entrepreneurs raise $300 million from investors. The companies now have a combined value of $1.5 billion.

Rosecut advisers include Nick Middleton, a former UBS executive who during his 10-year tenure led the creation of digital platform Smartwealth, and Ken Chapman, head of wealth planning at EFG Private Bank.

Disclosure:

I have no positions in any of the securities referenced in the contribution

I do not use any non-public, material information in this contribution

To the best of my knowledge, the views expressed in this contribution comply with UK law

I agree with the terms and conditions of ReachX

This contribution is for informational purpose and does not constitute investment advice nor is it an offer to sell or buy, nor is it a recommendation for any security.

ReachX T.

 

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