Value Partners president to retire
Value Partners has announced that Au King Lun, the firm’s President, will be retiring from the company in August 2020.
Upon his retirement, Au will continue to contribute to Hong-Kong based firm as a part-time consultant.
As president, a role to which he was appointed in July 2019, Au oversaw business development and acted as a spokesperson for the firm, according to a report by Citywire Asia.
Senior leaders within the firm will be charged with filling the duties of the President’s office upon Au’s departure, according to a Value Partners spokesperson.
The firm recently announced that its wholly owned subsidiary, Value Partners Investment Management (Shanghai), obtained an onshore advisory qualification, thus allowing it to provide investment advisory services on private asset management products to eligible third-party institutions in Mainland China.
Yu Xiao Bo, Investment Director and Head of China Business, Value Partners, said “We are delighted to have secured the qualification on onshore investment advisory service from the AMAC, which recognizes Value Partners’ value investing philosophy and professional investment capability. The additional qualification also opens a channel where we can deepen our relationship and collaboration with qualified mainland institutions. With this qualification, we will extend our co-operation with institutions like securities and futures firms, banks, insurers, trusts and wealth management companies, to offer investment advisory services on their issued private fund products.”
“Value Partners Shanghai has now launched a total of eight private investment securities funds under our own brand in the domestic Chinese market, since we hold the private fund management (“PFM”) license in 2017. We were among the first foreign asset managers to tap into China’s onshore market, having established our Shanghai office in 2009. We have an established customer base and reputation, with a business that already has a proven track record. The newly granted qualification will add to the Group’s determined development in mainland China. We remain committed to the China market,” continued Yu.
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