Singapore-based boutique asset manager Paragon Capital Management has expanded into the North Asia market with the setup of a Hong Kong office and the hire of two former private bankers.
Paragon Capital Management (PCM) has formed a Hong Kong office to cater to clients in North Asia, according to a statement. The new office will deliver research-driven investment insights to sophisticated clients and accredited investors with a focus on wealth preservation and growth. Its wealth offering will also include family succession planning, private markets and corporate advisory.
«By leveraging Hong Kong’s established financial networks, its reputation as a global financial hub, and its super-connector status, we can enhance our competitive edge by aligning with top global financial institutions, leading to potential collaborations, partnerships and innovation opportunities for the benefit of our North Asian clients,» said Paul Lee, PCM’s CEO and chief investment officer.
Hong Kong Leaders
30-year financial veteran Arthur Fong has been named as CEO of PCM’s Hong Kong unit. Prior to his latest role, he worked at Bank of Singapore, Credit Suisse, UBS and Citi Private Bank. He was also a former elected member of Singapore’s parliament.
PCM has also appointed Faye Ng as its Hong Kong chief operating officer. She was most recently working at VP Wealth Management and previously also worked at Pictet and Julius Baer.
Established in 2017, PCM is a boutique asset management firm based in Singapore, overseeing more than S$1 billion ($740 million) in assets.
