Who We Are

Real Asset Management

logo-round-corneris a fully independent Wealth and Asset Management firm, committed to providing tailored investment solutions to High Net Worth Individuals and family offices across the Asia Pacific region. We understand that each client has a unique set of needs and investment goals, and we work in partnership with our clients to structure solutions that will fulfill these personal goals.

Real Asset Management is a truly holistic investment management firm. We provide portfolio based solutions that encompass not only liquid financial assets, but also long term growth assets – such as real estate, infrastructure and venture capital investments. Our clients benefit from the entire spectrum of wealth management solutions, ranging from investment management to wealth structuring. An open product platform provides clients with access to a wide array of products from third-party providers that complement our own product lines.

Our management team has collectively over 150 years of experience gained through working at senior global and regional management positions in the world’s largest financial services firms. We provide a global set of investment solutions through entities licensed by the Securities & Futures Commission of Hong Kong (CE BGL803), the Australian Securities and Investment Commission of Australia (AFSL 484263), and the Cyprus Securities and Exchange Commission of the Republic of Cyprus (Reg. LPAIF78/2014).

Why Partner with Us?

We understand the challenges in structuring one’s global wealth across multiple jurisdictions, and offer simple, understandable solutions for our clients.

We believe that real assets such as property and infrastructure should form part of a holistic investment strategy and so embrace them in our methodology. This approach is intuitive to our entrepreneurial clients, and also the assistance provided in achieving effective portfolio diversification with capital growth above inflation.

We aim to be our clients principal trusted advisor, providing impartial and insightful guidance that enables our clients to rest easy in the knowledge that their wealth is in safe hands. The main point of contact for our clients is their personal wealth adviser, who typically has decades of global experience and is directly responsible for providing astute guidance across their portfolio.

In our view a commitment to transparency is a prerequisite in building trust. We therefore ensure our clients are well informed and investment goals remain aligned, through regular tailored portfolio reviews, in addition to regular and informative reporting.

Scott Wehl

Scott Wehl

Group CEO

Scott has over 19 years of experience in Global Wealth Management and Corporate Banking working for top tier global banks in Australia, London, and Hong Kong.

Prior to founding Real Asset Management, Scott was a Managing Director and Head of Banking Products International for UBS Wealth Management (“UBS WM”), leading a team of finance professionals in 17 countries. Over a 13 year career with UBS WM, Scott held various roles including the Head of Banking Products in the United Kingdom, and Head of Banking Products Asia Pacific.

Prior to joining UBS WM, Scott began his finance career in corporate banking with National Australia Bank in Brisbane Australia.

Scott holds a Bachelor of Commerce from Griffith University Australia, and an Executive MBA jointly from Kellogg Business School and the Hong Kong University of Science and Technology.

Jonathan Gurnsey

Jonathan Gurnsey

Vice Chairman

Jonathan has over 30 years of experience in financial markets, including 13 years at Credit Suisse. Over the past two decades, Jonathan held a number of senior management positions in global financial services companies in Australia, New Zealand, Malaysia and Hong Kong.

Prior to his role at Real Asset Management, Jonathan was instrumental in building the Asian Equities division of Credit Suisse, and held a number of senior management positions with global importance. These included Managing Director, Head of Australian Equities in Sydney, and Head of Asia Cash Equities based in Hong Kong, a role managing over 350 staff in 9 Asian markets. Jonathan also represented the Asia business on the Global Operating Committee.

Prior to Credit Suisse, Jonathan was a Director and Global Head of Sales, Trading and Execution of Peregrine Securities headquartered in Hong Kong.

Jonathan holds a B.A. in Psychology and Business Administration from Canterbury University, New Zealand. He is also currently a Board Trustee of the award-winning Remarkables Primary School, and a Foundation Board Member and Trustee of the Wakatipu High School in Queenstown New Zealand.

William Chai

William Chai

Managing Director

William has over 22 years of experience in International Banking and Wealth Management.

Prior to joining Real Asset Management, William was a Vice President in Private Banking at Credit Suisse Hong Kong. There he maintained and developed a portfolio of high net worth clients from the Greater China region.

Prior to this, William worked for National Australia Bank as Head of Migrant Banking Asia and the Canadian Imperial Bank of Commerce, where over a 16 year career based in Canada, Hong Kong and Beijing, William was responsible for the Asian Banking team and the Canadian investor immigration programs.

Williams holds a B.A., Business Management from the Central University of Iowa, USA and speaks fluent English, Cantonese and Mandarin.

Scott Kelly

Scott Kelly

Managing Director, CEO Australia

Scott has over 23 years of experience in Global Wealth Management and Asset Management, working for top tier financial institutions in Australia and the United Kingdom.

Prior to joining Real Asset Management, Scott was a Managing Director and Head of Investment Products and Services for UBS Wealth Management Australia. There he oversaw the entire product offering for Australia’s premier wealth manager with $A24bn of assets under management.

Scott has also held the position of National Sales Director for Macquarie Private Wealth Australia and prior to this Scott co-founded and was Managing Director of Corazon Capital, a specialist wealth and asset management business based in Jersey. Scott was also the Joint Head of Private Clients at Kleinwort Benson, after starting his financial career with Mercury Asset Management in London.

Scott holds a B.A. (Hons) degree in Business Management from the University of Leeds and is a Chartered Member of the Chartered Institute of Securities & Investment, UK.


Stephen Sze

Stephen Sze

Managing Director

Stephen has over 36 years of experience in international Capital Markets, and Wealth Management. Over the past three decades, Stephen held a number of senior management positions in the world’s largest financial institutions in the United States, Singapore and Hong Kong.

Prior to joining Real Asset Management, Stephen was a Managing Director and Head of APAC Fixed Income for Investments Products & Services at UBS Wealth Management. In this role Stephen led the regional Fixed Income team providing best in class advice and distribution to Asia’s most prominent Ultra High Net Worth individuals and family offices.

Prior to this, Stephen worked for BNP Paribas as Managing Director and Deutsche Bank AG as Executive Director and Head of Private Banking & Retail Sales. Prior to joining Deutsche Bank AG, Stephen began his finance career with Merrill Lynch in New York City in 1981.

Stephen holds a B.S. in Business Management from New Jersey City University and a MBA in Management Information Systems from Pace University, New York. Stephen speaks fluent English and Cantonese.

Will Gray

Will Gray

Director, Head of Real Estate

Will has over 17 years of experience in Real Estate markets including 13 years in institutional Real Estate Funds Management working for top tier domestic and global institutions.

Prior to joining Real Asset Management as Head of Real Estate, Will was a Fund Manager at LaSalle Investment Management for 7 years overseeing numerous products including core, core plus, value add and opportunistic property funds.  In his leading role, Will worked across all functions from opportunity identification, acquisition due diligence, all treasury related matters, asset management, leasing and development management.

Prior to joining LaSalle Investment Management, Will worked for Queensland Investment Corporation (QIC) as a portfolio analyst across QIC’s two flagship wholesale funds (circa $A 13bn under management) and also worked in a dual role in establishing and investigating new real estate business lines and opportunities in Real Estate markets.  Will also gained  extensive transactions experience prior to this in his role as a capital transactions executive at an ASX listed investment trust.

Will holds a degree in Property Economics from the Queensland University of Science and Technology,  and a Post Graduate Certificate in Applied Finance and Investment. Will is also a registered real estate agent and is a member of Large Format Retailers Association, the Property Council of Australia and the Urban Land Institute.


Agnes Liu

Agnes Liu

Director, Business Development

Agnes joined Real Asset Management in 2013, in the position of Director Business Development. Agnes is a specialist in Global Investment Immigration programs including Australia’s Significant Investor Visa /188C, having advised dozens of clients on the program since its exception in 2012.

Prior to joining Real Asset Management, Agnes has over 12 years of experience in client relations and administration working for professional Hospitality firms in Hong Kong and Australia.

Agnes holds a B.A. degree in Hotel and Hospitality Management from University of Strathclyde. Agnes is a certified financial planner by The Chinese Institute of Certified Financial Planners and a licensed estate agent. She is fluent in English, Cantonese and Mandarin.

Sophia Huang

Sophia Huang

Director, Portfolio Manager

Sophia has over 10 years of experience in Asset Management and Wealth Management.

Prior to joining Real Asset Management as Director, Portfolio Manager, Sophia was an Operating Controller at LW Asset Management Advisors Limited and Portfolio Manager at Jaala Asset Management Limited. There she was responsible for portfolio management and development of new quantitative strategies for hedge funds.

Prior to this, Sophia also gained extensive experience in various financial services companies including Yuanta Polaris Securities (HK) Ltd, Citigroup Securities Investment Consulting Inc.

Sophia holds a Bachelor of Arts in Economics from University of Taipei and a Master of Science in Business and Management from University of Strathclyde. Sophia is a GARP Financial Risk Manager. Sophia speaks fluent English and Mandarin.


Michael Frearson

Michael Frearson

Director, Portfolio Manager

Michael has over 19 years of experience in Global Wealth Management and Asset Management, working for leading financial institutions in Australia.

Prior to joining Real Asset Management, Michael was a Senior Portfolio Manager for Macquarie Bank in the Discretionary Managed Accounts business. He has over 12 years’ experience as Portfolio Manager, working as a senior member of the investment team managing in excess of $1 bn in clients discretionary funds and was directly responsible for over $440m in clients fixed interest and credit investments, as well as previous experience managing Equities and A-REITs, Strategic Asset Allocation and Tactical Asset Allocation.  His previous experience within Macquarie Bank includes trading, derivatives, client advisory and money market activities.  Michael’s first role with Macquarie was as a Stock Exchange operator where he developed a keen passion and knowledge of listed investments, and was a SEATS Governor for the ASX.

Michael also worked at Westpac Bank as a securities officer prior to his role with Macquarie.

Michael holds degrees in Commerce and Finance from Adelaide University (B Com & B Fin), has completed a Post Graduate Diploma in Applied Finance and Investment, is a CFA Charterholder, and Fellow of the Financial Services Institute of Australia (F Fin).

Stuart Milford

Stuart Milford

Director, Portfolio Asset Manager

Stuart has over 25 years of experience in Real Estate markets, having worked for a number of global funds management and real estate consultancy businesses.

Prior to joining Real Asset Management as Director, Portfolio Asset Manager, Stuart was an Associate Director in KPMG’s Real Estate Advisory team. There he worked across all sectors of the Australian property market, focusing on business case development and the construction of associated financial modelling, for both public and private sector clients.

Before joining KPMG, Stuart worked predominantly in the real estate funds management industry in both Europe and Australia with Aviva Investors and QIC respectively. At Aviva, he was involved in disciplines including research, fund strategy, transaction analysis, client relationship management and business development across funds under maagement in excess of $A60 billion, including $A15 billion of shopping centre assets. At QIC Stuart’s main focus was on client reporting, marketing and business development across their $A17 billion retail and office portfolios.

Stuart holds a BSc (Hons) degree in Mathematics from the University of East Anglia. He is a registered real estate agent and member of the Society of Property Researchers.

Oliver Mourant

Oliver Mourant

Director, COO Australia

Oliver has over 20 years’ experience within the financial services industry, primarily within the operational sphere.

Most recently and prior to joining Real Asset Management, Oliver was Co-Founder and Chief Operating Officer of Investment Consultancy firm, Enhance Group. There he sat on the Group Board and held the position of Company Secretary for the Group and all underlying subsidiaries. He was responsible for all operational facets of the business, driving efficiencies, delivering group wide projects and the implementation of technology platforms.

Oliver has previously held the position of Institutional Fixed Income trader at Standard Bank and Investment Analyst at Equity Trust.

He is a Chartered Member of the Chartered Institute of Securities & Investment.

Enzo Pirillo

Enzo Pirillo

Director, Compliance

Enzo has over 15 years of experience in Wealth Management, Stockbroking and Corporate Finance. Over this period, Enzo has held a number of senior management positions in Australian financial services companies serving High Net Worth clients.

Enzo is a member of CPA Australia,  a fellow of the Financial Services Institute of Australia and an associate member of the Financial Planning Association of Australia.

Enzo holds a Bachelor of Commerce from the University of Newcastle and a Graduate Diploma of Applied Finance & Investment. He is also a Certified Practising Accountant (CPA), a registered SMSF Auditor and a registered Tax Agent.

Suzanne Hutchinson

Suzanne Hutchinson

Director, Financial Officer

Suzanne is the Financial Officer for Real Asset Management Australia, and is based in Melbourne.

Suzanne has worked in professional corporate services organisations for over 23 years, including Boeing and Accenture, and holds a Bachelor of Information Technology.

Frank DeSalvo

Frank DeSalvo

Associate Director, Operations

Frank holds the position of Associate Director, Operations with Real Asset Management Australia, and is based in Sydney.

Frank is an experienced financial services professional with over 21 years of experience in the sectors of Funds Management, Asset Management and Custody, working for top tier financial institutions in Australia and London.

Prior to joining Real Asset Management, Frank was the Fund Accountant Team Leader for OneVue, Sydney. In this role Frank led the fund accountant Team providing professional services to custodians, investors, investment advisors/managers, banks, brokers and auditors and other fund participants.

Prior to this, Frank worked for Challenger Financial Services as Business Analyst, and JP Morgan as Corporate Actions Nominees Officer and Reconciliation’s Administrator. Prior to joining JP Morgan, Frank began his finance career with Westpac Banking Corporation in 1995.

Frank holds a MBA from the University of Technology Sydney, and speaks Italian as a second language.


Thomas Hou

Thomas Hou

Associate Director, Client Advisor

Thomas holds the position of Associate Director, Client Advisor with Real Asset Management Australia, and is based in Sydney.

Thomas has over 13 years of experience in Wealth Management and Client Relationship Management.

Prior to joining Real Asset Management, Thomas was a Wealth Management Manager for Industrial and Commercial Bank of China, Sydney. There as a senior  business development manager, Thomas was responsible for private and institutional client acquisition and relationship management.

Prior to this, Thomas worked for First Prudential Markets as Senior Sales Account Manager, Origin Energy as an Energy Trading Analyst, and ANZ E*TRADE Australia Securities Limited as a Senior Bi-lingual Client Services Representative.

Thomas holds a Bachelor of Science and a Bachelor of Arts from the University of New South Wales, and a Master of Environmental Engineering Management from the University of Technology, Sydney. Thomas speaks fluent English and Mandarin.


Jennifer Xu

Jennifer Xu

Associate Director, Marketing

Jennifer joined Real Asset Management in 2014 as an Associate, Marketing.

Prior to joining Real Asset Management, Jennifer worked for CLASSIC Magazine as Editor. Previously, she completed internships at Strategic Financial Relations Group, Television Broadcasts Limited and Konami Digital Entertainment Ltd.

Jennifer holds a Master degree of Social Science in Advertising and a Bachelor of Journalism and Communication from the Chinese University of Hong Kong. Jennifer speaks fluent English, Cantonese and Mandarin.

Megan Zhou

Megan Zhou

Associate, Client Services

Megan is an Associate, Client Services for Real Asset Management.

Prior to joining Real Asset Management, Megan worked for Pureheart Capital Asia Limited in Investor Relations. Previously, she worked for AXA China Region Insurance Company Limited as a Financial Analyst.  Prior to this, Megan completed internship at Shanghai PuDong Venture Capital Co. Ltd.

Megan holds a Bachelor of Science in Statistics from the University of Hong Kong. Megan speaks fluent English, Cantonese and Mandarin.

Jeen Poh

Jeen Poh

Associate, Property Executive

Jeen is an Associate, Property Executive for Real Asset Management.

Jeen has worked for a global real estate consulting company in a finance role as well as an account manager for an international publisher.  Jeen is a Certified Practising Accountant (CPA) and a registered real estate salesperson.

Jeen holds a Bachelor of Applied Finance from Macquarie University and a Master of Business from Queensland University of Technology.  Jeen speaks fluent English, Mandarin and Cantonese.


Jay Chai

Jay Chai


Jay is an Analyst for Real Asset Management.

Prior to joining Real Asset Management as an Analyst, Jay has gained extensive work experience during his university years in various real estate companies including Belle Property Toowong and Mcgees Property Brisbane.

Jay holds a Bachelor of Business Management majoring in Real Estate and Development and Marketing from University of Queensland. Jay speaks fluent English, Mandarin and Bahasa Melayu.

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