The expansion of the investment firm will respond to the strong demand in the region.
Global Investment firm Cambridge Associates (CA) will be expanding its presence in Asia as it opens a new office in Hong Kong to support its client base in the region.
The expansion in Hong Kong marks the company’s commitment to accelerate business growth in Asia.
“We continue to see strong demand in Hong Kong, mainland China, Singapore, and Southeast Asia for access to our portfolio management services and global investment network,” said CA's regional head for Asia Aaron Costello, who is based in Beijing.
CA has been present in Singapore for more than two decades and nearly a decade in Beijing, where it has worked with family offices, foundations, endowments, pension funds and sovereign wealth funds.
“We’re seeing particular interest in alternatives, including private equity and venture capital investing, ESG and impact investing,” Costello said.
This followed the hiring of Edwina Ho as the Hong Kong-based senior director in February 2021. Mary Pang, head of the global private client practice, also relocated to Singapore.
Ho has nearly 20 years of institutional business development experience, which she will bring to the Hong Kong office; whilst Pang, formerly based in San Francisco, will continue her work in the global private client practice.
“Cambridge Associates is proud to have been in the region for over two decades, and the expansion of our footprint to Hong Kong will allow us to better serve our growing Asia, and global, client base,” Pang said.
She added that the appointment of Ho will be an advantage for the CA.
CA has served more than 230 wealthy individuals and families, helping them in navigating private wealth to realise investment goals. It also has offices in Boston, Arlington, VA, Dallas, London, Munich, Menlo Park, CA, New York, San Francisco and Sydney.
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