Hong Kong-Based MFO Appoints Banking Veteran

Editorial Staff

4 May 2023

Hong Kong-based , the wealth management firm and multi-family office, has appointed private banking veteran Nick Chan to oversee its MFO business.

Chan, who is based in Hong Kong, has had a 25-year career in wealth management, working in Hong Kong and Singapore. He spent nine years with Goldman Sachs Wealth Management before occupying several leadership positions during a 14-year tenure at Morgan Stanley Private Wealth Management, where he led regional talent development before serving as Asia co-head of sales and Singapore CEO. His most recent role was as head of sales Asia at RBC Wealth Management.

“As an established industry veteran, Nick will help strengthen Rockpool’s independent platform and support the team in serving our expanding base of intergenerational clients through the multi-family office wealth management services we offer,” Rockpool Capital’s co-founder and chief operating officer, Maurice Koo, said.

His appointment comes at a time when the Hong Kong’s government is seeking to make the city more competitive for family offices. In April, it announced plans for a new Capital Investment Entrant Scheme and tax concessions as well as initiatives related to philanthropy, art, and next-generation talent development for industry practitioners and next-generation wealth owners.

After a period of lockdowns and other setbacks, Hong Kong is keen to restore its standing as an attractive centre for wealthy individuals and their families. Even before the pandemic, rival locations sought to take business, sometimes by rolling out their own family office offerings (Dubai, Singapore). There has also been an exodus of expats from Hong Kong and some residents since the new national security law was imposed by Beijing in 2022.

Rockpool Capital was established in 2017.