Singapore-based digital wealth platform Endowus has hired a former family office investment strategist to join the firm.
Hugh Chung joins Endowus as chief investment advisory officer, according to a statement.
In the role, he will lead the efforts of a centralized investment office across the group, including the Endowus digital platform, Endowus Private Wealth and Carret Private. In October 2022, Endowus acquired a majority stake in Hong Kong-based multi-family office Carret.
Chung will work closely with chairman and CIO Samuel Rhee, head of investments Sean Wong, director of investment research Min Axthelm and a 14-person Endowus Group investment office based in Singapore and Hong Kong.
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Chung has over 20 years of asset management and financial advisory experience in Asia. He was previously the chief investment officer for a single family office, overseeing strategic asset allocation, portfolio construction and fund selection.
Prior to being a managing director at Kadensa Capital and Azentus Capital, he worked at J.P. Morgan, Goldman Sachs and Samsung Securities.
«I am looking forward to contributing to the continued expansion into new asset classes such as private markets and alternatives, and in new markets like Hong Kong,» said Hugh.
