Kai Yang

HSBC appoints wealth head as new Hong Kong CEO in shakeup. Wealth head Maggie Ng has been appointed Hong Kong CEO, while Luanne Lim will assume the role of CEO of Hang Seng Bank. https://lnkd.in/gDmbBk93 #peoplemoves #hsbc #hongkong

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Private credit isn’t a side allocation anymore — it’s becoming a core pillar of institutional portfolios. Having led private credit strategies for insurers and asset owners across Asia, I’ve seen the asset class evolve from opportunistic yield-seeking to a mainstream allocation. Going into the last quarter of 2025, three trends stand out to me: 1. From Opportunistic to Strategic What started as dislocation-driven yield plays is now embedded in long-term capital allocation. CIOs are treating private credit as part of their “steady-state” portfolio construction. 2. Rise of the Middle East & Asia Sovereign funds and insurers in these regions are shifting from being LPs to becoming true co-investors and strategic partners. Their scale and patient capital are reshaping deal structures. 3. Secondaries & Liquidity Solutions As portfolios season, demand for secondaries and NAV-based financing is accelerating. To me, this signals not just a search for liquidity, but a maturing asset class where LPs are taking the driver’s seat. The key challenge for allocators: balancing illiquidity premium with portfolio flexibility. That trade-off will be a defining CIO decision in the years ahead.

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HSBC Global Private Banking has appointed Edmund Lo as Regional Head of Investment Counsellors, Asia Pacific, effective 5 August 2025. Based in Hong Kong, Lo will report to Lok Yim, Regional Head of HSBC GPB, Asia Pacific. Lo brings over a decade of experience at HSBC, having joined in 2011 and held leadership roles including Head of Offshore China Corporate Treasury Sales in Global Markets. He transitioned to HSBC GPB in 2017, serving as Senior Investment Counsellor and later as Team Head in Hong Kong. His appointment reflects HSBC’s continued commitment to strengthening its advisory capabilities across the region. Source: Asian Banking & Finance #HSBCGPB #LeadershipAppointment #EdmundLo #PrivateBanking #InvestmentCounselling #AsiaPacificFinance #WealthManagement #HongKongFinance #HSBCLeadership #FinancialServices

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On 3 September 2025, our Financial Services Partner, Pinky Siu, participated in a panel discussion titled “Opportunities for Covered Call, Defined Outcome & Alternative ETFs” at the 6th Annual ETFGI Global ETFs Insights Summit - Asia Pacific, Hong Kong, organised by ETFGI. Pinky addressed the latest SFC circular on listed closed-ended alternative asset funds, outlining the regulatory requirements and key considerations. She also discussed the recent case of cross-listing of active ETF in Hong Kong and SFC’s “ASPIRe” roadmap on virtual assets regulation. Learn more about our Financial Services practice here: https://lnkd.in/gqKmBm7v #Deacons #DeaconsFinancialServices #InvestmentFunds #ETFs #Authorisedfunds #VirtualAsset #Spot #Regulatory #Alternative #ClosedEndedFunds #PrivatEquity #Assetmanagement #InvestmentManagement #ETFGI #ETFGIGlobalETFsInsightsSummits

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At the Wealth Management Institute (WMI)'s Global-Asia Family Office Summit last month, WMI Chairman and GIC CEO Chow Kiat Lim shared the key principles for stewarding capital across generations, including clarity of purpose, diversification, granularity, agility, and robust partnerships. He also spotlighted WMI's new research on succession planning, including philanthropy's role as a bridge-builder across generations.   During a panel on geoeconomic diversification, GIC Group Chief Investment Officer Bryan Yeo discussed the evolving opportunity set across the AI value chain, fiscal sustainability as a key macro risk to watch, and the importance of adopting a more granular approach to asset allocation.   Read Chow Kiat's speech on #GICThinkSpace: https://lnkd.in/gp7KUJEX #GIC #GICSG #investing

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