The firm pulled an executive from BNPP Wealth for the MD role and hopes to double headcount to 100 in two years.

The firm pulled an executive from BNPP Wealth for the MD role and hopes to double headcount to 100 in two years.
The bank is expected to make more hires this year.
The firm has more than doubled its China staff, but not one of them is involved in investment management.
During the previous two years, the firm has launched eight products for sale to Hong Kong’s retail investors.
The plan for the Guangdong-Hong Kong-Macao Greater Bay Area proposes cross-boundary distribution of bank wealth management products and mutual fund transactions.
Weak markets and worsening sentiment took their toll on Hong Kong’s investors last year, according to figures from the Securities and Futures Commission (SFC).
A number of Chinese firms have launched money market funds in Hong Kong this year as investors lean toward safe assets.
The difficulty lies in the distribution side collecting information on complex products from asset managers.
Separately, the Hong Kong regulator also approved Amundi and Allianz products for retail distribution.
Raffles Family Office expects to grow AUM to $10bn and double headcount to 100 in the next two years.
Part of the Mark Allen Group.