Cheung joined Value Partners as a chief administrative officer in August 2018, following senior posts in investment banking, central counterparty, and asset management businesses.

The Hong Kong-listed asset manager administers around $14 billion for clients from operations in Shanghai, Shenzhen, Beijing, and Singapore. It recently widened its footprint in Asia with a new office in Kuala Lumpur, adding to a presence in London and Boston in the US.

In a group statement, the leadership team thanked Hepper for his service: “We appreciate Roger’s contributions in developing a strong and professional operational team, and wish him well in his new chapter of life. As Patricia has been leading the operations team under a well-planned one-year succession arrangement, we are sure our team will continue to run smoothly and effectively under her leadership.”

Cheung added: “Roger is a great mentor and a good friend to me. I really appreciate having the opportunity to work together with him. I wish him a happy retirement!”