Wong Wai Ken has stepped down as StashAway Malaysia’s Country Manager after nearly eight years with the digital wealth platform.
He reflected on his time at the company, where he joined in 2018 with a mandate to build StashAway’s Malaysia business.
Wong was StashAway Malaysia’s first employee and led the company from its initial licensing stage to becoming one of the country’s largest digital investment managers.
StashAway is currently the largest robo-advisor in Malaysia.
He shared that StashAway Malaysia grew to RM1.3 billion in assets under management and served more than 60,000 clients during his tenure.
The platform reported RM130 million in fee savings for Malaysians as of November 2024, after expanding its digital wealth services in the country since 2018.
Wong also played a role in securing regulatory approvals for several investment products, including StashAway Simple, Flexible Portfolios, Crypto Booster, Crypto ETFs and Shariah-Compliant Global Portfolios.
He said in a LinkedIn post,
“I’d like to thank the co-founders Michele Ferrario, Freddy Lim and Nino Ulsamer and my manager Nandini Joshi for giving me this opportunity to lead and fulfil the promise of building and protecting wealth for clients. Over RM1 billion in AUM later, I am proud to have ticked off most of what I would have liked to have achieved for the business.
Through my journey I have met countless colleagues, clients, media, partners, regulators and industry folks who treated us with warmth and gave us their trust. I will cherish these relationships and will reach out soon.”
Wong added that his next move will involve building another business-to-consumer fintech company in Malaysia’s capital markets sector.
Featured image: Edited by Fintech News Malaysia, based on image by Frolopiaton Palm via Magnific
