Independent Wealth

Haitong International Private Wealth Management Launches Global Family Office Business

Haitong International Securities Group Limited (Haitong International) Private Wealth Management (PWM) has announced the launch of its Global Family Office (GFO) business and appointment of Roger Teow, a private banking veteran, as Asia Head of GFO and Singapore Head of PWM business.

Haitong International's GFO business, under the purview of the PWM team, will serve as a hub connecting various businesses of the group including PWM, corporate finance, asset management and research etc. in order to provide a full suite of comprehensive bespoke solutions meeting both the family and corporate side of needs for the different types of family offices owned by entrepreneurs.

The GFO business is well-positioned to fulfil the investment and financing needs of family businesses throughout the lifecycle, and assist entrepreneur families to achieve wealth growth, as well as protect and preserve the family's sustainable development and long-term legacy, the firm said in a press release.

Specifically, the GFO solutions will cover bespoke family solutions such as wealth inheritance planning, core asset management, capital preservation and growth of liquid assets, investment advisory and discretionary portfolio management. While corporate solutions will entail corporate financing, long and short term investment services, and diversified financial products based on clients' individual needs.

 

Sean Chen, Managing Director and Executive Committee Member at Haitong International, said, “The launch of the GFO business is another key milestone for the development of Haitong International PWM, and also embodies the Group's long-term commitment to offering quality private wealth management services on par with global standards. Through the GFO set up, we will leverage on our global service network and professional teams to further drive our 'One Group' synergy, with the goal of helping clients realise their wealth management and life aspirations.”

 

Teow, a veteran private banker with extensive hands-on management experience in the industry, will lead the GFO business in Asia. Prior to joining Haitong International, Teow served as the Ultra High Net Worth Relationship Manager at Julius Baer, and Executive Director of Investment Products and Services at UBS Wealth Management, in which he was the Head of Investment Funds, Hedge Funds and Private Equities and led the team in sales and portfolio advisory across multiple asset classes.

Teow said, “Haitong International's leading edge in investment banking, combined with its comprehensive financial service platform and in-depth understanding of the needs of entrepreneurs have all contributed to a strong foundation in favor of the development of its family office business. With 'Clients First' at the core, our GFO business will provide innovative and customised solutions for our clients, and assist them in achieving their wealth creation, preservation, and succession goals.”