La Trobe opens office in Hong Kong
La Trobe Financial has decided to broaden its Asian footprint and opened an office in Hong Kong, which will be headed by the group’s executive director, Asia-Pacific, Hung Fei Chan.
The new Hong Kong office would be expected to complement the company’s established Shanghai office, which had been held by La Trobe since 2009 and which established operations in the Shanghai Free Trade Zone (SFTZ) in 2014.
According to the company, this move would also allow it to be better positioned to participate in China’s proposed financial market deregulation and would additionally present more opportunities for trade and investment flows between China and Australia.
La Trobe Financial president and chief executive, Greg O’Neill, said: “This is right time to open an office in Hong Kong”.
“Mr Chan’s firsthand experience on the ground and network throughout Asia has played, and will continue to play a pivotal role to the organisation’s shape and future expansion into the Asian region.”
AUTHOR
Oksana Patron
Recommended for you
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
Schroders has appointed a fund manager to its $6.9 billion fixed income team who joins from Macquarie Asset Management.
