Singapore fund Paragon opens Hong Kong office to reach more wealthy clients
Fund manager sees Hong Kong as an ideal wealth management hub to reach more wealthy clients in the Greater China region
Singapore-based asset management firm Paragon Capital Management opened its first overseas office in Hong Kong, joining a growing number of foreign money managers in tapping more wealthy clients in the financial hub.
The firm, which manages S$1.2 billion (US$880 million) in assets, has received a license for activities from the Securities and Futures Commission, it said in a statement on Tuesday. That will allow Paragon to provide a comprehensive range of services to clients in the Greater China region.
The Hong Kong team will serve as a “bridge connecting clients across North Asia and Southeast Asia”, said Paul Lee, co-founder, CEO and chief investment officer of Paragon. Hong Kong makes an ideal wealth management hub, the firm said.
