La Trobe opens office in Hong Kong
La Trobe Financial has decided to broaden its Asian footprint and opened an office in Hong Kong, which will be headed by the group’s executive director, Asia-Pacific, Hung Fei Chan.
The new Hong Kong office would be expected to complement the company’s established Shanghai office, which had been held by La Trobe since 2009 and which established operations in the Shanghai Free Trade Zone (SFTZ) in 2014.
According to the company, this move would also allow it to be better positioned to participate in China’s proposed financial market deregulation and would additionally present more opportunities for trade and investment flows between China and Australia.
La Trobe Financial president and chief executive, Greg O’Neill, said: “This is right time to open an office in Hong Kong”.
“Mr Chan’s firsthand experience on the ground and network throughout Asia has played, and will continue to play a pivotal role to the organisation’s shape and future expansion into the Asian region.”
AUTHOR
Oksana Patron
Recommended for you
Grant Hackett has been promoted from CEO of Generation Life to head up the wider Generation Development Group.
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
