Swiss wealth manager Jar Capital has acquired Lyra Capital, a Singapore-based multi-family office founded in 2007, in a cash-and-stock transaction. While financial details remain confidential, the deal is expected to close later this month, according to a statement released on 17 July.
The acquisition significantly boosts Jar’s presence in Asia, creating a combined entity managing approximately $1 billion (CHF 800 million) in assets in Singapore. Jar’s local arm, Jar Wealth Management, will see its team size more than double to 18 professionals. Lyra’s founding partners will join as shareholders and directors of the enlarged firm.
Jar Capital, which entered Singapore in 2022 and also operates in Dubai and Fribourg, described the acquisition as a strategic move to enhance operational efficiency and unlock synergies.
“This integration is about more than just scale,” said Tim Walter, CEO of Jar Wealth Management. “It’s about aligning values and leveraging complementary strengths in client base, culture, and capabilities.”
The move strengthens Jar’s position in the Asian high-net-worth market, broadening its regional footprint with clients spanning Japan, Thailand, Indonesia, and Australia. Lyra clients will also gain access to Jar’s investment platform, including both proprietary and third-party fund solutions.
Lyra CEO Charles Monney commented: “This combination of talent and resources will fast-track a focused growth strategy across Asia.”
