The Hong Kong-based asset manager has made a senior appointment in Singapore.

Value Partners has appointed James Ong as head of Southeast Asia and chief executive officer of Singapore, the company accounted in a statement this week.

Ong, with 25 years of leadership and sales management experience, joins from State Street Global Advisors, where he was managing director and head of Southeast Asia. He was previously client director at HSBC Asset Management and director at UOB Asset Management, and worked at a boutique investment advisory firm and insurance companies.

Important Region

The company said the senior appointment is part of the group’s efforts to bolster its Southeast Asia business to capture further growth in the asset and wealth management market in the Southeast Asia region.

Ong will be leading the Group’s institutional business for Southeast Asia, and will work alongside Wallace Tsang, the group head of intermediary business to drive the growth in Southeast Asia. Ong reports to Value Partners group president June Wong, who joined the firm in October, also from State Street. 

Established in 1993, Value Partners operates in Shanghai, Shenzhen, Kuala Lumpur, Singapore and London, and has assets under management of almost $10.9 billion as of end-September 2021.