Envysion Wealth Management under review over nickel trading scheme

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The fund manager was allegedly cheated out of $48m. The Monetary Authority of Singapore (MAS) has placed Envysion Wealth Management Pte Ltd (EWMPL) under review following involvement in an alleged fraud in a nickel trading scheme. According to MAS, EWMPL and its founder and CEO Shim Wai Han was cheated out of at least $48m by Envy Asset Management Pte Ltd (EAM) director Ng Yu Zhi. The review will ascertain if there have been governance or risk management failures by its board and senior management. read more