Nick Xiao, managing partner of CSOP Family Office in Hong Kong, has surprisingly resigned from his position this week, finews.asia can exclusively reveal.
Nick Xiao launched CSOP Family Office in 2017 as an external asset manager (EAM) operating in Hong Kong and Singapore. Previously he spent a decade at Swiss bank Julius Baer and Credit Suisse, and earlier years at Standard Chartered and a U.S. management consultancy.
Xiao is a passionate advocate of the EAM model as a capital-light, scalable strategy to compete in the Asian private banking market. He also advises the boards of a few European banks on their Asia and China expansion plans. He spent several years in Europe.
Pioneering Book
As an academic, Xiao won awards for his research done for People’s Bank of China (PBoC). He published a pioneering book in 2003 on China's nascent over-the-counter derivatives market and contributed award-winning theses to journals of PBoC and the Chinese Academy of Social Sciences. He also held the wealth management chair at the EMBA program of a leading Chinese university.
finews.asia has not yet confirmed where he is heading, but industry sources say he could have been recruited by a foreign bank to run its business in China or may set up a single-family office for a billionaire client. More to follow.
