The group has tapped a rival regional CEO as its new president to help grow investment flows between China and Hong Kong.
Asset manager Value Partners has appointed June Wong as president. Based in Hong Kong, she will be responsible for managing overall business operations and corporate strategy for the group. The former State Street Global Advisors regional head will report directly to co-chair and co-chief investment officers Dato’ Seri Cheah Cheng Hye and Louis So. She will also join Value Partners’ leadership committee.
The Hong Kong-listed group manages around $11 billion for clients and also operates from Shanghai, Shenzhen, Kuala Lumpur, Singapore and London, with a representative office in Beijing.
Wong was most recently Asia ex-Japan chief executive for State Street Global Advisors, and before that served as vice chair for Asia Pacific at Columbia Threadneedle. The 30-year veteran has had a number of senior roles in the region, including senior managing director and head of Asia ex-Japan institutional business at AllianceBernstein and head of business development at HSBC Asset Management.
She serves on the advisory committee of the Securities and Futures Commission of Hong Kong.
Value Partners’ co-chiefs welcomed Wong as well placed to “capture new growth opportunities” from China’s financial services sector and "growing interest" among foreign investors in China and Asia Pacific, the firm said.