Paragon Capital Management has opened for business in Hong Kong after obtaining new licenses from the local regulator.
Paragon Capital Management (PCM) has obtained the licenses for Type 4 and Type 9 activities from Hong Kong’s Securities and Futures Commission, according to a statement. This will allow it to advise on securities and engage in asset management, respectively, in the city. The firm will now effectively open for business in Hong Kong with the aim of serving clients in the Greater China region.
«We are honored to receive this license in Hong Kong. Our Hong Kong team will not only build on the success of Paragon Capital Management Singapore but will also serve as a bridge connecting clients across North Asia and Southeast Asia,» commented Paul Lee, co-founder, CEO and chief investment officer of PCM.
In a December 2024 interview with finews.asia, Lee said that Singapore-headquartered PCM had grown from a team of three with approximately S$180 million ($132 million) in assets under management in 2017 to 20 staff and over S$1.2 billion.
