Update | In divvying up assets in bankruptcies, Hong Kong liquidators need sensitive touch
Many people just can’t balance their income and expenses - liquidator Mat Ng
What’s common between fallen chief secretary Rafael Hui Si-yan, convicted inside trader Du Jun and US hedge fund Tiger Asia?
Mat Ng. The Managing director of JLA Asia, he is the liquidator currently handling Hui’s bankruptcy, selling his music record collection and other assets to repay his creditors.
Ng has also worked for the Securities and Futures Commission to handle Du and Tiger Asia to compensate the investors who suffered as a result of their insider dealings.
Born in Shanghai, Ng moved to Hong Kong as a child. He grew up here before moving to Australia to attend high school and university and get a degree in accountancy. But rather than opting for mainstream accounting jobs, he focused on insolvency and liquidation.
After graduation, he returned to Hong Kong to join the Official Receiver in 1992 to handle personal and corporate bankruptcy cases. He left the government job to join the private sector in 1996 and has worked with several companies focused on liquidation and insolvency before joining the current firm in 2007.
In an interview to the South China Morning Post , Ng talks about what as a liquidator.