London-headquartered asset manager Toscafund, chaired by industry veteran Martin Gilbert, has expanded its Asia presence with an office in Hong Kong.
The move follows regulatory approval by the Hong Kong Securities and Futures Commission, making the special administrative region its second location in Apac, after setting up shop in Melbourne.
It has offices in London, Manchester and New York as well.
Mark Tinker, former senior fund manager at Axa IM, and Jonathan Sleath, former investment director at Investec in London and Hong Kong, will oversee the firm’s fund range and investment opportunities for clients in the region.
Toscafund founder Martin Hughes said: “Toscafund has a 20-year track record of delivering strong returns for family offices. I’m really pleased we are opening in Hong Kong as we see great potential for investors, especially family offices and high net worth individuals joining the existing network.
“Having known Mark and Jonathan for many years, I have no doubt their entrepreneurialism and expertise will help us establish a good presence in this market.”
Tinker and Sleath added: “Working with Martin and the Toscafund team, we have a tremendous opportunity to continue building Toscafund in one of the world’s leading financial centres.
“Toscafund has an exceptional track record and we are looking forward to presenting its specialist approach to investors in Hong Kong and across the region.”