HLB Mann Judd makes Asian play with dedicated office
HLB Mann Judd has created a standalone practice within its network of accountants and financial planners to service high net worth private clients from Asia and Australian firms and business seeking investment partners in that region.
The new practice — HLB Mann Judd Chew — will be headed by managing partner Kim Chew who moved across from PWC to set up the practice and will operate as a first point of contact for Australian and Asian firms and investors seeking investment opportunities in the respective markets.
While the business has been set up as a standalone practice it will remain part of the HLB Mann Judd network and will partner with other firms in the network in Australia, New Zealand and Asia.
Chew said the new practice would offer a range of services including business and property acquisitions, asset management, wealth management, taxation, compliance and audit and said the demand for these services in Australia from Asian investors has been triggered by Free Trade Agreements signed by the Australian government.
He stated the group has identified three key client groups including high net worth individuals and family offices, private equity companies and corporations seeking access or investment to resources and supply chains for the Asian market.
Chew stated that this focus was two way with a number of Australian firms seeking partners in Asia while firms in that region were seeking investments in Australia to build up their business at home and overseas.
AUTHOR
Jason Spits
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