A strategic decision saw advisory firm Strabens Hall sell its office in the special administrative region (SAR) to locally-headquartered Realord Group more than 12 months ago, International Adviser can reveal.
Strabens Hall Hong Kong was subsequently renamed Realord Asia Pacific Asset Management.
According to its website, Realord is principally engaged in financial services, property development, distribution and sales of auto parts, commercial printing, hangtags production, and environmental protection business.
Details of the transaction were not disclosed.
Vive la France
Chief executive Adam Benskin told IA that the “political situation in Hong Kong caused Strabens Hall to make a strategic decision to focus on its UK business and new French office”.
Although currently dwarfed by the coverage of the coronavirus, which has dominated headlines since January, the SAR has been caught up in a growing protest movement.
The sale means that Strabens Hall now has a presence in the UK and France, which was opened in October 2019.
The bi-lingual team provides technical tax, trust and pension advice.