Northwaters Capital
Our Team
Get to know us!
JONATHAN YAP
Chief Executive Officer
Jonathan has been in the private wealth management space for 19 years and is currently the CEO of Northwaters Capital. His experience spans across client advisory and management roles in Standard Chartered Bank, UOB Bank, OCBC Bank and boutique private asset management firms. He graduated with a Bachelor of Commerce from the University of Western Australia, majoring in Banking, Investment and Corporate Finance.
STEPHEN LAI
Chief Investment Officer
Stephen Lai is a seasoned investment professional and Chief Investment Officer with more than 15 years of experience across asset management and global financial markets. He specialises in equities, private credit, multi-asset portfolio construction, and quantitative investment strategies, with a strong track record of delivering consistent risk-adjusted returns through disciplined risk management. Stephen has extensive experience designing and overseeing investment strategies for institutional and private clients, including family offices, with expertise spanning portfolio construction, credit and equity analysis, and systematic investment approaches. Prior to his current role, Stephen built a global career across leading international financial institutions, including Standard Chartered (Hong Kong), UBS (London), Nomura (Tokyo), and Lehman Brothers (Tokyo), where he gained deep exposure to global capital markets and cross-border investment strategies. Stephen also advises high-net-worth individuals and family offices on investment governance, portfolio architecture, and long-term wealth preservation. A SID-certified director through the Singapore Institute of Directors, he brings strong governance insight, financial expertise, and strategic judgement to boardrooms, guiding organisations toward sustainable growth and long-term value creation.
BENJAMIN WONG
Chief Distribution Officer
A results-driven senior private banking executive with over 28 years of distinguished experience leading HNW and UHNW relationship management desks across Singapore's most prominent financial institutions — OCBC, HSBC, UOB, Standard Chartered, ABN AMRO and Citibank. Benjamin has repeatedly been entrusted to build, turn around and scale client-facing teams, most recently extending this track record into External Asset Management (EAM) businesses, hedge fund structures, family offices, and private market platforms. A recognised industry thought leader, IBF Aspire Award winner, and sought-after speaker, Benjamin brings a proven record of building high-performing relationship management teams, driving double- and triple-digit revenue growth, and deepening share of wallet across HNW and UHNW client segments — underpinned by deep product expertise in treasury, structured products and alternative investments.
POH KENG SENG
Head, Sales and Development
Keng Seng brings over 23 years of experience in the financial industry, with a career built on serving affluent and high-net-worth clients across Singapore's leading banks. Known for his empathetic yet disciplined leadership style, he has a proven track record of transforming underperforming teams into top producers through systematic, data-driven strategy. Prior to joining NorthWaters Capital, Keng Seng served as Executive Director of Sales and Business Development at BigFundr Pte Ltd, where he led strategic planning, team development, and regulatory compliance initiatives. Before that, he spent close to two decades at Standard Chartered Bank, United Overseas Bank, and DBS/POSB in progressively senior roles — most recently as Director and Senior Sales Team Manager at Standard Chartered, where he supervised a 20-person team of Relationship Managers and specialists serving high-net-worth clients onshore and offshore. Over his career, Keng Seng has been recognised as a top-performing team leader multiple times, including Top Priority Senior Sales Team Manager in Bancassurance (2021) and Overall Top 3 Team Head at UOB Privilege Onshore (2012). He was also one of four key members of the Priority Onshore Management Team at Standard Chartered, driving initiatives to grow the Priority client base and strengthen the Priority Client Value Proposition. Keng Seng holds a degree from the National University of Singapore's School of Computing, an Executive Certificate in Wealth Management from UOB-NUS (2011), and completed Standard Chartered's Accelerator leadership program (2022).
WILFRED LIM
Head of Investments
Wilfred Lim, CFA, is an accomplished Portfolio Manager with extensive expertise in multi-asset portfolio construction and management. With over a decade of experience in the investment industry, he has demonstrated a strong ability to deliver consistent risk-adjusted returns across diverse market conditions. Wilfred holds the Chartered Financial Analyst (CFA) designation, underscoring his commitment to the highest standards of professionalism and ethical practice in investment management. He graduated from the National University of Singapore with a Bachelor's Degree in Business Administration, majoring in Finance.
ALVIN ONG
Investment Director
Alvin has over 17 years of investment management experience, particularly in Multi Asset Trading in the treasury markets (Fixed Income, FX). Prior to joining Northwaters Capital as the Investment Director, Alvin worked with High and Ultra High Net Worth Clients in Bank of Singapore and has worked for Citibank, Daiwa Securities SMBC, BNP Paribas and Citigroup. He graduated with Masters of Business Systems from Monash University, Melbourne and Bachelor of Commerce (Finance) from Deakin University, Melbourne.
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LIN YUAN
Business Manager
Lin Yuan has been in the banking and financial industry since 2011. Started her wealth management career as a Relationship manager at UOB, she was then promoted to be an Assistant Relationship Manager with UOB Privilege banking. Having 10 years of experience, she is proficient in both AML/CFT, as well as client servicing. Prior to starting her career, she studied Electronic Computer Engineering in Ngee Ann Polytechnic.
WEN YUN
Investment Analyst
Wen Yun graduated with a Bachelor of Business Administration from the National University of Singapore. During her undergraduate studies, Wen Yun served as a Financial Services Consultant at AIA for nearly three years, honing her skills in financial advisory and client relationship management. Her internship at the Bank of China, where she specialised in KYC/AML further enhanced her proficiency in compliance and risk management.
JASON LEE
Client Advisor
Jason brings six years of experience in wealth management, including four years in Standard Chartered’s Priority Private Banking division and two years with an External Asset Management firm. He specialises in navigating the complexities of an ever-evolving global market to deliver long-term, multi-generational wealth solutions tailored to his clients’ needs. Throughout his career, Jason has been recognised for his outstanding performance with numerous accolades, including Standard Chartered’s Circles of Champion, CEO Challenge Award, Wealth Summit Award, and Top Rookie Award. Jason holds a Double Major in Communications and Media from Murdoch University, as well as a Diploma in International Business from Singapore Polytechnic.
TEMBUSU SERVICES
Compliance
Tembusu Services specialises in compliance and regulatory requirements for licensed persons, licensed firms such as fund management companies, and all types of financial institutions in Asia.