Ep 42: Wai Ken Wong - Country Manager, StashAway (Malaysia)

Wai Ken Wong is the Country Manager of StashAway (Malaysia). He first worked in investments in Khazanah Nasional Berhad, then became the Vice President of the Equity Capital Markets at Affin Hwang Capital, before entering the startup world. Want to learn what it's like working in the fintech startup world, all things investments & the intricacies of how StashAway is set up?This is the episode for you!Highlights:2:38: Using ang pow money to invest in unit trusts6:10: Why he moved to Australia at the age of 167:54: Enjoying business9:24: Whether Wai Ken was ever tempted to drop out of college to launch a startup10:41: What drove Wai Ken to start working while still studying17:56: Working in Khazanah21:33: Working with Dato Hisham22:35: Working at Affin Hwang26:07: Why Wai Ken decided to join StashAway - then a 2-year-old startup that began in Singapore32:13: Whether he had any doubts about joining StashAway33:34: His role as Country Manager from Day 135:36: How Wai Ken built a 5000 person waiting list before StashAway launched in Malaysia41:42: The role of content creation in StashAway44:27: What does “robo advisory” mean?47:38: Robo Advisory v ETFs49:51: StashAway’s investment framework - known as the Economic Regime Base Asset Allocation (ERAA)52:40: How StashAway came up with its risk index54:56: Guaranteeing a 1% chance of your portfolio dropping?57:17: How StashAway categorises risk1:01:58: Will customers get to determine their own assets with StashAway in the future?1:04:44: StashAway Simple1:06:51: Why StashAway Simple doesn’t have PIDM protection1:09:01: What guarantees StashAway has for its customers1:11:51: How StashAway came up with its projected rate of 2.4% for StashAway Simple1:14:05: How StashAway compares to Wahed & MyTheo1:15:47: Whether StashAway will ever invest in crypto1:17:53: StashAway’s Series B & Series C fundraising rounds1:22: What do the rich know, that the poor should know?📍Show notes: https://www.sothisismywhy.com/42💌 Sign up for the weekly STIMY newsletter: https://sothisismywhy.ck.page/ebf231f605