Paragon Capital Management Hong Kong (PCMHK) has obtained the license for Type 4 (advising on securities) and Type 9 (asset management) activities from the Securities and Futures Commission of Hong Kong (SFC).
With this approval, PCMHK is now positioned to provide a comprehensive suite of financial services to clients in the Greater China region, with Hong Kong as a wealth management hub, according to a statement by the Singapore-based boutique asset manager.
Paul Lee, co-founder, CEO & CIO of Paragon Capital Management, commented: “We are honoured to receive this licence in Hong Kong. Our Hong Kong team will not only build on the success of Paragon Capital Management Singapore but will also serve as a bridge connecting clients across North Asia and Southeast Asia.”
Arthur Fong, CEO of PCMHK, added: “As Hong Kong rose to third place globally in the Global Financial Centres Index, we strongly believe that our team in Hong Kong will provide clients with a globalised and diversified platform to preserve and grow their wealth.”
PCM is a boutique asset management firm with AUM of around SGD 1.2bn ($880m). It provides investment and wealth management services to accredited investors, including institutional clients.
