Exclusive | Toscafund to open Hong Kong office as asset manager seeks Asian wealth opportunities
- Toscafund was founded in 2000 by Martin Hughes, the former chairman of Tiger Management Europe
- Company has five offices globally, US$4.7 billion in assets under management
The London asset manager started the process of opening the office after a strategic decision last summer and received approval from the Securities and Futures Commission in March.
It will have four employees in the city initially, but is looking to expand in the coming months and years, said Mark Tinker, Toscafund Hong Kong’s chief investment officer. He will oversee the office alongside Jonathan Sleath, its chief operating officer.
“We see it as a very important part of the world for us,” Tinker said. “As investors, we are increasingly involved in a lot of the new companies that are emerging in Asia and we feel we need a base on the ground there in order to facilitate our ability to invest in Asian companies.”
Tinker is a former senior fund manager with AXA Investment Managers in Hong Kong and founder of financial research firm Market Thinking. Sleath is the former investment director at Investec in London and Hong Kong.