Hong Kong's Tsangs Group Opens In Singapore
The organisation calls itself "an innovation-focused global family office that bridges East and West."
In a development that was probably overlooked in the Chinese New Year festivities, Hong Kong-based Tsangs Group is widening its footprint to Singapore, where it is launching a new office.
The new office is located at Asia Square Tower 2 in the Asian city-state.
Tsangs Group, calls itself "an innovation-focused global family office that bridges East and West," has also appointed Daisy Ha as the chief executive of the new office. Ha has more than a decade of experience in corporate finance, particularly in the equity capital market, debt capital market and private market across Asia, the organisation said in a recent statement.
“With the synergy between my investment banking experience and the business of Tsangs Group, I am excited to be part of the group. I look forward to work together with team to develop and grow our business in SEA region,” Ha said.
The expansion into Singapore highlights how a presence in the jurisdiction is increasingly important for organisations seeking to prove their wealth management prowess. Singapore has, via a number of reforms and new structures such as variable capital companies, sought to push itself forward as a wealth hub. Hong Kong’s reputation took a hit to some extent during the severe restrictions – now eased – imposed to contain the pandemic, as well as concerns about Beijing’s security laws imposed in 2020.