Business moves Archives - Fund Selector Asia

Hang Seng Bank reports profit increase

The Hong Kong bank has enjoyed a growth in new retail accounts and affluent clients.

The asset manager has moved to a larger office in Singapore.

Tiger Brokers (HK)’s subsidiary YAX has received licenses from the Securities and Futures Commission.

The bank has also expanded its operations in GIFT City with new premises.

The launch by Revolut comes as the fintech firm has been looking to grow its wealth footprint in Singapore.

Peter Wu joins the private market secondaries specialist as head of product management, private wealth.

Florin Boetschi, who has overseen the expansion of Bellevue’s activities in Asia during the past two years, will spearhead the new subsidiary.

Hong Kong’s SFC has awarded Paragon Capital Management a licence for Type 4 and Type 9 activities.

The Singapore-based firm has also appointed a chief investment officer for the new operation.

The Hong Kong-based family office was launched by former Morgan Stanley banker Ann Yu earlier this year.