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
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
