Guggenheim Investment Advisors (Hong Kong), also known as GIA (HK), provides investment management and family office services to families, high net worth individuals and foundations in Hong Kong.
Together with the other LJ Partnership entities, the group now consists of 250 employees, operating out of 11 offices across Europe, the United States and Asia.
The partnership has assets under supervision in excess of $13bn (£9.8bn, €11.6bn).
Clients of the Guggenheim Partners entities bought by LJ Partnership will be able to access various investments through a strategic collaboration between LJ Partnership and Guggenheim Partners. The entities will continue to use the Guggenheim name under license from Guggenheim Capital.
Strategically important expansion
Andrew Williams, chief executive of LJ Partnership, said: “We are delighted to announce this strategically important expansion of our business and the launch of additional services for clients in Asia.
“Our aim is to achieve a breadth of expertise that differentiates us from competitors and enables us to provide the full range of services that are required by today’s sophisticated investors. This expansion is also illustrative of our aspirations as we strive for further growth, assess acquisition opportunities and extend our global footprint.”
Established in 2009, LJ Partnership is a private wealth partnership, a collaboration of families and entrepreneurs from across a range of industries, continents and cultures, who have sought to take more control of their wealth.
The partnership was founded by a number of families and entrepreneurs, including the European cousins of the Guggenheim family, as well as the co-founders of the businesses acquired from Guggenheim Partners.