Hong Kong’s Asset Management Industry Hits Near-Record US$4.5 Trillion

Hong Kong’s asset management industry hits near-record US$4.5 trillion

The city continues to be a top cross-border wealth centre, with non-Hong Kong investors contributing 63 per cent of assets under management.

Hong Kong Wealth, Fund Assets Hit $4.5 Trillion as Inflows Surge

Hong Kong’s assets under management across its asset and wealth management industry rose 13% to HK$35.1 trillion ($4.5 trillion) as inflows surged last year, underscoring a recovery in the Asian financial hub.

L&G Hires Former UBS Asset Management Executive

London-headquartered Legal & General has added a former UBS Asset Management executive in Hong Kong. L&G has appointed Derek Li as head of institutional sales for Greater China, according to a statement, based in Hong Kong. In the newly created role, he will focus on institutional clients and prospects across Greater China markets. Li has more than 18 years of industry experience in Greater China, most recently as executive director at UBS Asset…

Hong Kong wealth, fund assets hit HK$35.1 trillion as inflows surge

Hong Kong’s assets under management across its asset and wealth management industry rose 13 per cent to HK$35.1 trillion (S$5.7 trillion) as inflows surged last year, underscoring a recovery in the Asian financial hub.