Hong Kong-based wealth management fintech AQUMON has tapped a new head of investment solutions.
AQUMON has named Simon Lee as a managing director to lead its investment solutions, effective this quarter, the wealth management fintech said in a press release Tuesday. Lee will lead the department’s production and distribution of investment services using artificial intelligence (AI), the release said.
Lee’s role is part of AQUMON’s move to expand into institutionalized investment advisory, including for enterprise asset managers (EAMs), asset managers and family offices, AQUMON said.
AQUMON Expansion
Kelvin Lei, CEO and co-founder of AQUMON, said in the statement: «His extensive experience in asset management and expertise in global capital markets will be a tremendous asset to AQUMON as we continue to build out our multi-strategy investment solutions.»
Most recently, Lee was head of investment and capital markets at IMX Shanghai, handling long-term investment strategies in China and overseas, the release said. Previously, he was the head of CSOP Asset Management’s institutional business, including institutional and family office clients in Europe and Hong Kong, AQUMON said. Lee also was a Bloomberg exchange-traded fund (ETF) specialist in Northern Asia, the release said.
Alibaba Backing
In April 2021, AQUMON developed a robo-advisory platform, called Wealth-Tech Services, for CMB Wing Lung Bank, with the offering included in the bank’s mobile app, according to a statement at the time.
AQUMON has raised a total of US$30 million in funding, with its series B round held in late 2020, according to data from Crunchbase. The fintech’s investors include Alibaba Entrepreneurs Fund, Spark Ventures, Lenovo Capital and Incubator Group (LCIG), the Wing Lung Bank Family Office, Cyberport Hong Kong and Zheng He Capital, the data showed.
