Posted inPeople Moves

Former HK financial secretary takes on Stashaway role

John Tsang has joined the digital wealth manager’s advisory committee.
John Tsang, Stashaway

Hong Kong’s decade-long serving financial secretary, John Tsang Chun-wah, will also be giving away part of his Choi Yeah NFT (non-fungible token) collection to new Stashaway clients who make an investment of at least HK$50,000 HKD in their first deposit.

Owners of this NFT collection can also expect to receive additional seasonal gifts, and royalties from secondary NFT sales will go towards supporting local technology startups, according to a statement by Stashway.

A career civil servant, Tsang was financial secretary between 2007 and 2017. As an advisor to Stashaway, Tsang “will provide a dependable voice to the public when it comes to investing, having consistently been a strong advocate of education,” said the firm.

“Currently, there’s a lack of sensible investment options in Hong Kong, and not enough people are taking charge of their personal finances. Stashaway is helping people in Hong Kong build long-term wealth

while making it easy to learn about personal finances and investing,” said Tsang.

Stashaway is a digital wealth management app that offers investment portfolios and wealth managements services for retail and professional investors. It operates in Singapore, Malaysia, the Middle East and North Africa, Hong Kong, and Thailand.

Stashaway HK is licensed by the Securities and Futures Commission in Hong Kong for Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities.

The company has raised $61.4m six rounds of financing, and lead investors include Sequoia Capital, Square Peg, Eight Roads Ventures and Asia Capital & Advisors, it said.

Part of the Mark Allen Group.