Disclosure: I own shares of iFAST and this post is not investment advice.
“The Hong Kong ePension business has been one of the key contributors to the Group’s revenue and profit over the past two years, but the Group considers the contribution of the core wealth management business and iFAST Global Bank (IGB) to be the key revenue and profitability growth drivers over the next 3-5 years.“
| 2025 AUA ($B) | 2030 AUA ($B) | |
| Singapore | 23 | 62 |
| hong kong | 4 | 12 |
| iFAST Global Bank | 2 | 15 |
| Other | 4 | 11 |
| Total | 32 | 100 |
iFAST has just unveiled its $100B AUA scenario target for 2030 and this planning exercise reveals a surprising shift in priorities.
While, the market was expecting Hong Kong to account for a larger share of 2030 AUA due to the market potential of Hong Kong’s occupational superannuation schemes (ORSOs), the real offensive lever is now iFast Global Bank (IGB).
The 2030 Roadmap suggests a greater diversification away from geopolitical concentration:
Singapore:Anchor remains (62.1%)
…
