The Ukraine war, the pandemic, high inflation and tightening by the Federal Reserve in the US are creating tremendous uncertainties for the global economy and pose risks to the outlook. However, the uncertain economic environment is not going to stop Asia from growing its economy.

Lioner International Group Ltd. (Lioner), a financial services pioneer, announced today that its Singapore entity, Lioner International Consultancy Pte. Limited., has recently obtained a Financial Adviser’s (FA) license from the Monetary Authority of Singapore, paving the way for it to expand its pioneering 3-in-1 insurance, trust and family office advisory services for high-net-worth (HNW) clients in the city, as well as building greater synergy across the region.

Andrew Chan, Partner at Lioner Group, will spearhead the firm’s business development efforts in Singapore, overseeing all sales initiatives and strengthening relationships with key intermediaries and stakeholders. Andrew will also be a key enabler that helps HNW clients in the city access bespoke wealth planning solutions, while charting an ambitious expansion strategy across APAC.

Lioner has also appointed Leonard Chu as Chief Executive Officer of its Singapore operations, responsible for building the firm’s success in this strategically important market and advancing the company’s business growth strategy. Leonard is an industry veteran with nearly 20 years of experience having worked in renowned financial institutions such as Morningstar, AIG and Standard & Poor’s. In his new role, he will be bringing solid management capabilities and leading the business operations in Singapore to further propel the growth of the company.

Financial markets have experienced considerable volatility this year. Wall Street has wrapped up the worst first half for stock performance in decades, and the annual US inflation rate unexpectedly hit 9.1 percent in June, the highest since December 1981.