Posted inBusiness moves

Haitong opens a Family Office

The Chinese financial group Haitong International Securities has poached a Julius Baer banker to lead the unit.

The Global Family Office’s services will include wealth inheritance planning, core asset management, capital preservation and growth of liquid assets, investment advisory and discretionary portfolio management, according to a statement by the firm.

Its corporate services will entail corporate financing, long and short-term investment services, and diversified financial products based on its clients’ individual needs.

“The launch of the Global Family Office business is another key milestone for the development of Haitong International Private Wealth Management,” said Sean Chen, managing director and executive committee member at Haitong International.

Roger Teow, a private banking veteran, has been appointed the Asia head of Haitong’s Global Family Office and Singapore head of Private Wealth Management business.

Prior to joining Haitong International, Teow was an ultra-high net worth relationship manager at Julius Baer. He has also worked at Bank of China, HSBC and Malaysia’s AmInvestments, as well UBS Wealth Management, where he was head of investment and hedge funds, and private equities.

“Haitong International’s leading edge in investment banking, combined with its comprehensive financial service platform and in-depth understanding of the needs of entrepreneurs have all contributed to a strong foundation in favour of the development of its family office business,” Teow said in the statement.

“Through the Global Family Office set up, we will leverage on our global service network and professional teams to further drive our ‘One Group’ synergy, with the goal of helping clients realize their wealth management and life aspirations,” Chen added.

Haitong International, together with its subsidiaries, has an established presence in Hong Kong and an expanding global network. It has about 200,000 corporate, institutional, retail and high-net worth clients worldwide, according to the firm.

Part of the Mark Allen Group.