– Firmus is derived from the Latin word signifying Stability, Strength, and Steadfastness, which embodies the firm’s fundamental characteristics
– Firmus Capital to start operations 1 November, led by dynamic team of investment professionals with strong track record in asset management
SINGAPORE — Lim Su Kiat, co-founder of Rockworth Capital Partners Pte Ltd (“RCP”), has formed a new investment management company Firmus Capital Pte Ltd (“Firmus Capital”), which will start operations on 1 November 2017.
The establishment of Firmus Capital follows a shareholder-led review of RCP’s investor strategy, where it was decided that a separate, independent investment management company would be set up to provide a dedicated investment and asset management platform to manage the capital of family office investors, create long-term value and better align investors’ investment objectives.
Firmus Capital, with a focus on real estate and an initial portfolio of Australian commercial assets transferred from RCP, is led by a dynamic and capable team of investment management professionals with a strong track record in investment and asset management, and deep local market knowledge of the markets it is invested in.
Keith Ong, ex-Investment Director at RCP, is now Firmus Capital’s Head of Investment Management and Capital Transactions, and he will lead the investment and asset management team in Singapore and Australia. Elicia Chua, former Finance Manager at RCP, assumes the role of Fund Controller and will support the finance reporting, treasury and tax functions at Firmus Capital.
Mr Lim, Chief Executive Officer of Firmus Capital said, “We are excited to announce the launch of Firmus Capital, an investment management firm with a key focus on real estate. Firmus is derived from the Latin word signifying Stability, Strength, and Steadfastness; and embodies the characteristics that are relevant and true to our business. We believe that our strong investment track record and experience in managing private capital gives us a strong foundation to better meet the needs and objectives of our investors. We thank our investors and business partners for their continued support and look forward to an exciting future ahead.”