Compliance
Compliance Corner: Paragon Capital Management, Hong Kong, SFC
The latest compliance news: regulatory developments, punishments, guidance, permissions and authorisations for new product and service offerings.
Paragon Capital Management Hong Kong (PCMHK) aims to provide financial services in the Greater China region having achieved two licences from the Securities and Futures Commission of Hong Kong.
The SFC granted a Type 4 (Advising on Securities) and Type 9 (Asset Management) licence to the firm, it said in a statement this week.
“Our Hong Kong team will not only build on the success of Paragon Capital Management Singapore but will also serve as a bridge connecting clients across North Asia and Southeast Asia,” Paul Lee, co-founder, CEO and chief operating officer of Paragon Capital Management, said.
The CEO of Paragon’s Hong Kong business is Arthur Fong.
Based in Singapore, Paragon Capital Management has more than S$1.2 billion ($880 million) in AuM.