People Moves
Moonfare Names Singapore-Based APAC Head
Moonfare, headquartered in Germany, is part of a crop of businesses that use technology to widen access to alternative investments which were previously the sole preserve of large institutions and ultra-wealthy individuals.
Berlin-headquartered private equity platform Moonfare, whose APAC business
is based in Singapore, has hired Blackstone and EQT alumnus
Adam Banks (pictured) as its new Singapore-based head of the
Asia-Pacific region.
Adam Banks
At Blackstone, Banks was a Singapore-based principal. Previously,
he worked in London as a vice president for Brookfield Asset
Management, a manager for EQT Group and an investment banking
associate for Jubilee Financial Products. He was educated at the
University of Leeds and King's College School, Wimbledon.
“The combination of rapidly growing wealth and digital
transformation of finance makes APAC an exciting region for us.
Adam is absolutely the right person to lead our business there,”
founder and co-CEO Steffen Pauls, said. “He has substantial
cross-asset experience, a rounded financial background, and has
successfully serviced both institutional and individual investors
for top-flight managers.”
Moonfare is an example of the kind of tech-driven business, such
as CAIS (US) and iCapital (also US) that have arisen in previous
years to make it easier for high net worth individuals to access
private markets and other alternative sectors such as hedge
funds. Moonfare enables eligible investors to register and invest
directly online. So far, it has offered more than 110
private-market funds from firms such as KKR, Carlyle and EQT. The
business, which operates in 22 countries, also offers its own
proprietary funds, including highly curated
co-investments as well as secondaries.