The company originally announced its intention to open an office in Hong Kong in August last year.
Sandy Dudgeon, managing director of Cazenove Capital Management Asia, will head the wealth management business in Hong Kong, alongside fund director Robert Ridland and office manager Catherine Chow.
Cazenove Capital chief executive Andrew Ross said: “We believe there is a great opportunity to build on our current success in this region.
“The Cazenove Capital brand resonates well in Asia and we already have strong contacts and a high quality client base in Hong Kong on which to build. Having a local presence in Asia demonstrates our long-term commitment to current and future clients in the region.”
The wealth manager said it has already developed a “strong and growing international client base” which includes a number of wealthy families.
At the end of last month it was revealed UK asset management and private banking giant Schroders had launched a £424m bid to buy Cazenove. The company’s management board recentlyunanimously recommended shareholders approve the deal.
Schroders currently has a foothold in Asia, with a private banking office in Singapore and one for its asset management arm in Singapore. A spokesperson was unable to say whether there will be any synergy between the two firms in Asia if the acquisition is approved.
![Michael Hu, HQ Capital[93]_](https://s34456.pcdn.co/wp-content/uploads/2024/03/Michael-Hu-HQ-Capital93_-156x111.jpg.optimal.jpg "HQ Capital opens Singapore office")
