Tria opens Hong Kong office
Tria Investment Partners has shifted its Asian base of operations from Singapore to Hong Kong, which the firm believes is becoming the preferred location for asset management activity for the region.
Hong Kong is also a gateway to the emerging Chinese wealth management market, and Tria already has several important clients in Hong Kong, the firm stated.
Tria said that developing a profitable business model in a market as fragmented as the region is – including developed markets such as Japan and Singapore and newer markets like Indonesia and Korea – can be challenging.
However the outlook is steadily improving as Asia grows rapidly as a retail fund market and also becomes a more important and outward looking institutional market, the firm stated.
Tria said its initial research focus in the new location would include research and strategy development for Asian wealth markets and high impact implementation projects. It will also look at costing models for product development and management, as well as transferring its pension fund and exchange-traded fund analysis expertise to the local market.
Tria said that client feedback suggested the region was not well served in terms of the consulting and project management services that Tria provides, and Tria said it aimed to plug that gap.
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