JAR Wealth Management Pte. Ltd., the Singapore arm of JAR Capital, Accelerates Expansion into High-Growth Asian Markets with Strategic Acquisition of Lyra Capital Pte. Ltd.
The deal boosts JAR Capital's aspirations as one of Singapore's top-tier external asset managers, surpassing USD 1 billion in AUM in the city-state.
SINGAPORE, July 17, 2025 /PRNewswire/ -- JAR Capital, a Swiss-headquartered global wealth and fund management firm, today announced that it has signed a definitive agreement to acquire Lyra Capital Pte. Ltd., a leading Singapore-based Multi-Family Office. The acquisition reflects JAR Capital's commitment to long-term growth in Singapore and Asia.
The transaction will see JAR Capital's assets under management (AUM) exceedUSD 1 billion in Singapore alone, solidifying its ambitions to be among the top echelon of EAMs in Singapore. The combined team will operate from JAR Capital's newly expanded offices at One George Street, with the headcount more than doubling to 18 staff.
Structured as a cash-and-stock transaction, the deal is expected to complete by end of July 2025. The founders of Lyra Capital will become shareholders and directors of JAR Wealth Management Pte.Ltd, acting as board members and clients advisors to ensure continuity in post-deal integration.
Tim Walter, CEO of JAR Wealth Management Pte. Ltd., said, "This acquisition is a defining milestone in our growth journey. In less than three years since launching in Singapore, JAR Capital has grown from a standing start to managing over a billion dollars in assets. With this transaction, we are not only expanding our client base in Asia with a strong focus on Japan led by Akihiro Nemoto, but also enhancing the investment platform and services available to our clients developed by our CIO Karol Bonati since the opening of our Singapore office in 2022."
Charles Monney, CEO of Lyra Capital, said "Great success is achieved through meaningful encounters. Nothing is so true for the journey of Lyra Capital. From our first clients who believed in our core values and the team built over the past 20 years, we can only be so proud and thrilled by the continuity of this work at JAR Wealth Management. The combined intelligence and resources derived from this acquisition will accelerate the implementation of a controlled growth strategy across Asia. I sincerely look forward for this next chapter to be written together."
Complementary Strengths Drive Integration Synergy and New Growth Horizons
Established in 2007, Lyra Capital is one of Singapore's pioneers in the EAM space and is well-regarded for its deep roots in the Asian high-net-worth community. Its strong relationships in Asia will complement JAR Capital's existing global client base and accelerate market penetration across Japan under the leadership of Akihiro Nemoto, Thailand, Indonesia, Australia, and beyond.
The deal also brings clear operational and investment synergies. JAR Capital offers a sophisticated investment platform – including a global investment committee spanning Geneva, Dubai, and Singapore – featuring in-house Fund strategies and curated third-party fund access.
Beyond wealth management, JAR Capital has built robust fund management capabilities under Singapore's Variable Capital Company (VCC) regime. Over the past two and a half years, the firm has launched several VCC structures, building its Funds team along the way, and in collaboration with regional asset managers. This expertise is expected to benefit clients of the acquired firm, who have not previously had access to such offerings.
"The integration is about scale, but more importantly, it's about synergy and common values. We are bringing together two firms with complementary clients, cultures, and capabilities. Together, we're better equipped to serve the evolving needs of high-net-worth individuals in Asia and globally," added Mr. Walter.
Gerald de Senger, Chairman of JAR Capital Group, concluded: "By strengthening our established presence in Singapore, a world-class financial hub, this acquisition reflects our ambition to be a reference player and our long-term commitment to servicing clients globally. It represents a natural and strategic progression, made possible by the strong cultural alignment, shared values, and complementary strengths of both firms as we shape up the next chapter of our presence in Asia."
About JAR Capital
Founded in Switzerland and operating globally, JAR Capital is an independent wealth and fund management firm serving high-net-worth individuals and institutional investors. The firm's investment committee spans Geneva, Dubai, and Singapore, delivering strategic wealth management, bespoke investment solutions, and institutional-grade fund access.
This press release contains forward-looking statements, which may include projections, estimates, or other statements about future events or expectations. These statements are based on current assumptions and beliefs as well as information currently available. Such forward-looking statements involve risks, uncertainties, and other factors that could cause actual results or outcomes to differ materially from those expressed or implied.
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