The firm is opening a new headquarters in Hong Kong and a new Sydney office, amid growing appetite for alternatives among investors in the region.
With its new headquarters, Altive said it hopes to target Hong Kong and Greater China high-net-worth-individuals interested in private markets access, as the region’s wealth scene continues to mature.
«As Hong Kong is the heart of Asian wealth management, the opening of our new office is a strategic move to better support our clients, business partners and prospects from the asset and wealth management sectors,» Altive managing partner Hardy Liu, said in a statement on Wednesday.
Altive's platform allows high net worth individuals to tap into alternative investments such as private equity, hedge funds, private credit, infrastructure and property, with a minimum investment threshold of $100,000.
Expansion Down Under
At the same time, Altive is opening a new office in Sydney, which will be led by country head and managing partner Chris Brookman, a 20-year veteran of Australian financial services.
The former Macquarie Group division director will help set up the organisation's operations in Australia, with a target to launch within 2021.
Backed by Pacific Century Group, Altive also has a presence in Singapore, and plans to expand its footprint to Mainland China and Japan in a bid to offer more products to Asian private wealth.
