Together, the two hires bring decades of experience across wealth management, private banking, and the family office sector, enhancing RFO’s ability to serve ultra-high net worth clients across Asia.

Raffles Family Office, the Asia family office business, has added two seasoned professionals to its relationship management team in Hong Kong.

Effective immediately, Michael Tung has joined as managing director, and Jennie Liang as executive director. Tung and Liang will be based in Hong Kong, reporting directly to Chi Man Kwan, group chief executive officer.

Together, with their decades of experience across wealth management, private banking, and the family office sector, they will enhance RFO’s ability to serve ultra-high net worth clients across Asia.

Tung has extensive experience in banking and finance, with expertise in private equity and venture capital across Greater China, Southeast Asia, and the US. He began his career with UBS and Morgan Stanley, and later transitioned into the family office sector with Rockpool Capital and Ark Advisors.

Liang, who previously served in key positions at UBS, Credit Suisse, Rockpool Capital, and Ark Advisors, adds a strong track record in wealth management across Greater China and beyond.

“The family office sector in this region continues to thrive, and we are thrilled to welcome Michael and Jennie at such a pivotal moment,” Kwan said. “Michael’s leadership, combined with his team’s entrepreneurial drive, aligns seamlessly with RFO’s vision, reinforcing our ability to provide best-in-class, personalised service as we broaden our presence across Asia.

In other moves, in June this year, Kwan was elected as president of the Hong Kong Singapore Business Association (HSBA).

Raffles Family Office, which has dual headquarters in Hong Kong and Singapore, spans Asia’s gateway cities, including Bangkok, Beijing, Shanghai, and Taipei.