Maitri Asset Management appoints Lawrence Lua as independent director to further strengthen corporate governance

Singapore, 14 December 2021 – Maitri Asset Management, (“Maitri”) a Singapore-based, active responsible investment management firm, today announced the appointment of Mr. Lawrence Lua as an Independent Director for the firm. Having become an Advisor to Maitri in January 2021, Mr. Lua’s contribution in the new, expanded role of Independent Director will further deepen Maitri’s ability to deliver strategic investments and business growth, and outlines the firm’s commitment to strengthen existing risk management and corporate governance initiatives.  

Manish Tibrewal, Chief Executive Officer at Maitri, commented: “We are extremely pleased that Lawrence has decided to deepen his relationship with Maitri in what has been a very fruitful year for all of us. With countries and businesses in the region actively engaged in the process of overhauling their corporate governance, Lawrence’s appointment as an Independent Director will enable us to stay ahead of the curve and strengthen our ability to always uphold the primacy of client interests.  Additionally, we are equally excited to explore how we can best leverage his expertise to create a robust governance structure for family offices – which often plays a key role in wealth transition and legacy planning.”

Mr. Lua has built an esteemed career spanning more than 35 years in a variety of banking, management and advisory roles across major banks in Asia. Most recently, he was the Managing Director and Global Head of DBS’ Private Bank and has also held senior banking positions at global banks Julius Baer, Merrill Lynch and Citibank.

Lawrence Lua, Independent Director at Maitri, said: “Having worked with the Maitri team closely over the past eleven months, I am deeply impressed by their commitment, resolve and expertise as drivers of greater sustainability and stewardship in Asia’s wealth management space. As Independent Director, I look forward to supporting the team to further reinforce their key strengths, coupled with its aggressive growth aspirations, to establish the firm as a leading responsible investment management firm and multi-family office in the region.”