ASSETS MANAGEMENT & FINANCE SERVICES PROVIDERS 2013
w w w. a m c h a m . o r g . h k
ble a l i a v A h
Marc
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Over 500 pages in three major sections, including a complete guide to chamber services, corporate sponsors and AmCham Charitable Foundation. This directory lists over 1,800 members from over 700 companies and organizations. ISBN 978-962-7422-18-1
LC 98-645651
Your Best Guidebook for Settling in Hong Kong Living in Hong Kong is a compendium-style all-you-need-to-know guide for newcomers to
school, getting settled when arrived and enjoying life in Hong Kong. This consumeroriented book is designed as a sort of “hotline� with useful phone numbers and contacts to other sources of help. Living in Hong Kong bookshops in Hong Kong. AmCham members often buy the book for their relatives and Americans), the book is one of the best-selling publications for AmCham. Contact: AmCham Publication Department Advertising Manager: Regina Leung Direct Line: 2530 6942 Email: rleung@amcham.org.hk
Private Client bridges this service gap. In a way, it is a continuum of the wealth proposition of Citibank from Citibanking (emerging affluent) to Citigold (affluent) to Citigold Private Client and Citi Private Bank,” explains Leung. “We want CPC to become a vital part of the Citibank wealth continuum allowing us to service clients at each different life stage of their wealth accumulation,” she adds.
Best of both worlds
BEST OF BOTH WORLDS Citigold Private Client provides a unique banking relationship specially tailored for individuals with US$1 million and more. Its “best of both worlds” approach allows clients access to convenient retail banking network alongside a comprehensive private banking platform providing sophisticated and exclusive products that comprise a unique private-banking offering
Gourmet dinner: Citigold Private Clients are often invited to events that match their interests
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n the world of wealth management, Citibank is a wellknown market leader in terms of innovation and services. It should therefore come as no surprise that the bank has introduced Citigold Private Client (CPC), tapping into a segment of the high net worth market that has been left underdeveloped and underserved. According to Maria Leung, Director and Head of Citigold Private Client, CPC was launched in 2011 after careful and in-depth market research about the high net worth market. “Our internal as well as external research
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found that there is a segment, which we call ‘core wealth,’ that has traditionally been underserved in the market because they have more complex financial needs, which are not met by priority banking and at the same time they are not the target clients of private banks,” she says. “This segment is growing very fast and yet they have the highest proportion of unmanaged wealth,” she notes.
Bridging the gap Clients of this ‘core-wealth’ segment – with assets under manage-
ment worth between US$1 million and US$10 million – have more complex needs than the affluent segment (<US$1 million) but at the same time they are not target clients of private banks. Hence, the goal of Citigold Private Client is simple, according to Leung. It is to ensure that these core-wealthclients are given the attention they very much deserve and are provided with services that meet both their wealth management as well as their banking needs. “We see a definite service gap in the high net worth market. Citigold
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Citigold Private Client offers eligible clients a comprehensive and innovative banking platform utilizing the best of both worlds – retail banking and private banking. “We have been able to leverage our private banking platform, through the CPC segment, allowing us to offer our clients private banking products such as institutional fund, which usually in the past were only accessible to ultrahigh-net worth clients. “So it really is the best of both worlds, where we have combined the operational efficiency of retail banking with our private banking expertise,” Leung explains. The fact that CPC can leverage on the bank’s retail banking platform means not only lower operating costs per transaction but also greater flexibility for the clients because they can conduct smaller size deals if they prefer. “Aside from product offerings, CPC is also supported by a large local and regional wealth management research team who provides client access to our best-in-class research from the Citi Global Investment Committee,” she adds.
Quality services High net worth clients not only require better services, they deserve to be put a higher tier, with access to a comprehensive private banking platform that provides unique, sophisticated and exclusive products. Citigold Private Client distinguishes
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itself in this regard with its array of experienced bankers and its team of specialists. These specialists who are all located on-site include Portfolio Advisors, Equity Specialists, Treasury Specialists, Insurance Specialists and Business Bankers. “Whenever these specialists spot market opportunities or suitable products that fit our clients, they will meet our clients together with our bankers. Hence not only the bankers but the whole team are here to serve our clients to ensure that we have the highest standard of service,” Leung says. There is another advantage of the continuum of services – career advancement for talented bankers. “This [continuum] means that there is clear career progression from within our bank,” Leung says. “Every year, there are opportunities for top performing bankers from Citigold to progress to CPC as a senior banker. This internal mobility creates an aspiration for our bankers.” Experience is therefore a hallmark of Citibank bankers. On average, a
Citibank banker has over 15 years of experience. In addition, the bank constantly provides its bankers with training – on the latest investment product knowledge and luxury lifestyle matters. For example, the bank has partnered with wine companies to provide trainings that have proven highly useful to build relationship with clients, especially as Citigold Private Clients are often invited to lifestyle and wealth management events that are thoughtfully chosen to match their interests. “These events are not just an occasion for our bankers to build client relationships but also a forum or platform for clients to meet other clients. Through these functions we facilitate network building, which can be very important as many of the clients are entrepreneurs,” Leung stresses. “All this results in building a team of highly-skilled and loyal bankers who are dedicated to establishing longterm banking relationships with clients to help them accumulate and protect their wealth,” she says.
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RMB investment today? What are the choices? Phau: The internationalization of the RMB is entering a new phase. Although we expect the RMB to continue appreciating, the pace will be slower. We expect the RMB/USD exchange rate to reach 6.05 by the end of the first quarter of 2014. If investors believe the RMB will appreciate further, they can consider investment vehicles that suit their risk profile and investment objectives. As China’s capital account restrictions ease, more and more RMB investment products are expected to become available. In addition to RMB deposits, RMB-denominated insurance and investment products, such as REITs, ETFs, RQFII funds and structured products, have become more popular with investors in recent years.
YOUR BEST INVESTMENT STRATEGY IN TIMES % OF ZERO INTEREST RATES Pearlyn Phau, Managing Director and Head of Consumer Banking of DBS Bank (Hong Kong) Limited, talks to biz.hk about what investors should do to protect their investment in the current investment environment
biz.hk: In a zero-interest environment, what should the average investors do to protect their investment? How should investor choose between equity, funds and bonds? What criteria should investor follow? Phau: Based on data from our DBS Group Research, we expect the Hong Kong inflation rate to be 3.5 percent in both 2013 and 2014. In a zero or negative real interest rate environment, holding only cash means a loss of purchasing power. As such, investors should consider suitable investment vehicles that can earn them a potential return, or at least beat inflation. Knowing and understanding your
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Pearlyn Phau
risk appetite and investment objectives are the keys to investing. • Equities can earn investors a potential return through dividends and capital appreciation. But as stock markets may fluctuate, there is usually a higher risk associated with investing in equities in a single market. • Investment funds provide investors with access to overseas markets. They can also benefit investors by providing diversification of asset classes, companies, industries, sectors, countries and fund managers and are suitable as a longer term investment. • Bonds are usually treated as a lower
risk investment than equities because the investor is a lender and not a shareholder. With the exception of zero-coupon bonds, bonds provide investors with periodic and regular income and can also help with equities portfolio diversification. Investing in a single asset class or a single market is usually subject to higher risks than investing in a diversified portfolio. biz.hk: Investment products denominated in Renminbi (RMB) are attracting a lot of interest from investors. Unlike two to three years ago, the speed of appreciation of RMB has slowed. How should investors structure their
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biz.hk: If RMB products are preferred, shouldn’t investors go to mainland banks or securities firms? Phau: Although Hong Kong, Macau and Taiwanese people who work and live on the mainland can now invest in A-shares, foreign investors are still barred from and cannot directly and officially trade in A-shares. Also, Hong Kong people may be less familiar with A-share companies and may have difficulty obtaining relevant information and market news about these companies. Although people may deposit RMB in banks on the mainland, the difference in the RMB deposit rate between Hong Kong and the mainland is narrowing given that Hong Kong is now a major offshore RMB center. As there are also other associated risks, such as policy changes on the mainland, the potential benefit to investors in depositing money in banks on the mainland is diminishing. As banks offer the convenience of one-stop shop services, they are usually preferred by retail investors over securities firms. Major banks in Hong Kong are also well equipped to offer RMB products. biz.hk: If RMB products are not the
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investors’ “cup of tea,” what are the other “great potential” products available now? Phau: If an investor is less keen on investing in RMB products but still wishes to benefit from the mainland’s economic growth, there are other China-related investment products available, such as A-shares and China funds.
“If investors believe the RMB will appreciate further, they can consider investment vehicles that suit their risk profile and investment objectives. As China’s capital account restrictions ease, more and more RMB investment products are expected to become available. In addition to RMB deposits, RMB-denominated insurance and investment products, such as REITs, ETFs, RQFII funds and structured products, have become more popular with investors in recent years.” biz.hk: Wealth management services are widely available in Hong Kong. How should investors choose their advisers? Firm size? Bank fees? Phau: Fees should not be the only factor in deciding which wealth management service provider to choose. Financial services are about trust and quality, which are reflected in an institution’s service standard and international standing.
At DBS, we are committed to our respectable, easy to deal with and dependable (RED) service standard. DBS was also named “Safest Bank in Asia” by Global Finance for five consecutive years from 2009 to 2013 and has been recognized as “Asia’s Best Bank” by The Banker, a member of the Financial Times group. biz.hk: DBS is also active in the high net worth market. What are your strategies to capture customers in this highly competitive market segment? Phau: We opened our first DBS Treasures Private Client Centre in Hong Kong in March this year. It combines the best of consumer banking and private banking businesses into a comprehensive and sophisticated wealth management platform to serve the needs of the burgeoning high net worth client segment (investible assets of HK$8 million and up) in Asia. Through this new integrated banking solution, clients enjoy the ease and convenience of everyday personal banking (e.g. credit cards, mortgages, bank transactions) and have access to a full spectrum of investment and wealth management solutions. These include investment products and services, such as fixed income, equities, structured products, selected alternative investments, hedge funds, RMBdenominated products and more; credit facilities; and wealth planning services, including trust services. DBS Treasures Private Client was rolled out in Singapore in April 2011. We followed suit in March with our one-stop shop centre to service our clients. The Hong Kong centre is located at The Center on Queen’s Road Central. biz.hk: As Hong Kong develops and becomes a wealth management center for Mainland China, what lessons can Hong Kong learn from Singapore? Phau: Hong Kong and Singapore are unique markets that enjoy distinct positions and advantages. As they learn from each other, the key for Hong Kong is how quickly it can translate the lessons learned into success.
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Assets Management & Finance Services Provider 2013
ACE Insurance Limited
AIG Insurance Hong Kong Limited
25/F, Shui On Centre, No. 6-8 Harbour Road, Wanchai, Hong Kong
46/F, One Island East, 18 Westlands Road, Island East, Hong Kong
Key Personnel
Company Activities/ History
Key Personnel
Company Activities/ History
John French Country President Hong Kong, Taiwan and Macau
ACE Insurance in Hong Kong is a member of the ACE Group of Companies, one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Operating in Hong Kong for more than 90 years, ACE Insurance is a niche and specialist general insurer. It has a well known reputation as one of the market leaders in the segments of Property, Casualty and Marine as well as Accident & Health insurance via direct marketing distribution. The ‘A+’ long term insurer financial strength and counterparty credit ratings by Standard & Poor’s are indicative of the company’s strong capitalization and reflective of its parent’s rating outlook. (ACE’s core operating insurance companies are rated AA- for financial strength by Standard & Poor’s and A+ by A.M. Best). Over the years in Hong Kong, ACE Insurance has built strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength. Additional information can be found at: www.aceinsurance.com.hk ACE Insurance, ACE Group of Companies and ACE Limited are registered trademarks of ACE Limited.
Marc Breuil President & CEO Tse Kai-Lee Senior Vice President & CFO Peter Gregoire Vice President and Associate General Counsel, Legal Gary Wong Senior Vice President, Consumer Lines Godwin Chan Senior Vice President, Head of Client & Market Relationship
AIG Insurance Hong Kong Limited is the wholly owned, Hong Kong based subsidiary of American International Group, Inc. (“AIG”). AIG is a leading international insurance organization serving customers in over 130 countries and jurisdictions worldwide. In Asia-Pacific, AIG has general insurance operations in Hong Kong, Macau, China (Shanghai, Beijing, Guangdong Province and the City of Shenzhen), Guam, Japan, Korea, Malaysia, Indonesia, Philippines, Papua New Guinea, Singapore, Taiwan, Thailand and Vietnam. AIG Hong Kong has been serving Hong Kong customers for over 80 years offering a full range of commercial and consumer insurance products. Our customer base includes large multinational companies, SMEs and individual consumers. The blend of local expertise and international experience we offer uniquely places us to provide comprehensive general insurance solutions to customers of all ranges. AIG is the marketing name for the worldwide propertycasualty, life and retirement, and general insurance operations of American International Group, Inc.
Year Established 1919
Staff size Over 100 employees (Hong Kong) Over 17,000 employees (Worldwide)
Products /Services General Insurance Tel: (852) 3191 6800 Fax: (852) 2560 3565 Email: Inquiries.HK@acegroup.com
www.aceinsurance.com.hk
(Incorporated in Bermuda with Limited Liability)
Company Activities/ History
Anthony Mak Country President
ACE Life Insurance Company Ltd. (“ACE Life Hong Kong”) is part of the ACE Group of Companies, one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. ACE's core operating insurance companies are rated AA- for financial strength by Standard & Poor’s and A+ by A.M. Best. These ratings are indicative of ACE’s strong capital base and financial stability; key attributes in the business of risk. ACE has been present in Hong Kong for more than 90 years through its general insurance arm – ACE Insurance Limited. ACE Life Hong Kong offers a comprehensive array of quality life and medical insurance products and services which are designed to meet the needs of financial protection and security of a broad range of customers.
150 employees (Hong Kong) Over 17,000 employees (Worldwide)
Products /Services Life insurance Tel: (852) 2881 0688 Fax: (852) 2577 0866 Email: Enquiries.HKLife@acegroup.com
www.acelife.com.hk 6
Products /Services General Insurance
Tel: (852) 3555 0000 Fax: (852) 2893 7553
www.aig.com.hk
Key Personnel
Key Personnel
Staff size
Over 300 employees
50th Floor (Suite 5001), One Exchange Square, 8 Connaught Place, Central, Hong Kong
33/F, ACE Tower, Windsor House, 311 Gloucester Road, Causeway Bay, Hong Kong
1988
1931
Banque Privée Edmond de Rothschild SA Hong Kong Branch
ACE Life Insurance Company Ltd.
Year Established
Staff size
Year Established
Company Activities
Bruce VonCannon Chief Executive Officer Annie Tam Associate Director
Year Established Representative Office Hong Kong Branch
1989 September 2011
Company History
Tel: (852) 3765 0600 Fax: (852) 2877 2185
www.edmond-de-rothschild.hk 6 • 2013
Banque Privée Edmond de Rothschild offers comprehensive wealth management and estate planning solutions for wealthy individuals and their businesses. Investment solutions feature expertise in portfolio management, investment advisory and research, structured products, foreign exchange, commodities and trust services. The bank is considered a pioneer in hedge funds dating back to 1969 and received the 2012 11th Annual European Fund of Hedge Funds Award for Best Specialist Fund of Hedge Funds for over 10 Years, 2012 Banco Swiss Hedge Funds Award for Best Multi-Strategy Defensive Bias Fund over 10 Years, and 2012 Bilianz Swiss Award for the Best Swiss Fund of Hedge Funds. Having had a presence in Hong Kong through our Representative Office for 23 years, Banque Privée Edmond de Rothschild proudly established a full branch in the Territory in September 2011, following the granting of a full banking license from the Hong Kong Monetary Authority.
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The Rothschild name in finance spans over 200 years dating back to the late 1700s to the present day headquarters in Geneva. Edmond de Rothschild merged the bank under Swiss-based La Compagnie Financiere Edmond de Rothschild (LCF) in the 1960s. Listed on the Swiss Stock Exchange since 1987, today the group has assets under management exceeding CHF 101.6 billion and boasts one of the highest capital adequacy ratios in the wealth management industry. It maintains a global presence with 36 international offices.
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Assets Management & Finance Services Provider 2013
Bank of America Merrill Lynch
The Bank of East Asia, Limited
15/F Citibank Tower, 3 Garden Road, Central, Hong Kong
10 Des Voeux Road Central, Hong Kong
Key Personnel David LI Kwok-po Chairman & Chief Executive Adrian David LI Man-kiu Deputy Chief Executive Brian David LI Man-bun Deputy Chief Executive Samson LI Kai-cheong Deputy Chief Executive & Chief Investment Officer TONG Hon-shing Deputy Chief Executive & Chief Operating Officer
Year Established 1918
Staff size (as of 30th April, 2013) Hong Kong: over 5,600 employees Worldwide: over 13,000 employees
Products /Services Banking & Finance
Key Personnel Matthew Koder President of Asia Pacific Jayanti Bajpai Head of Asia Pacific (ex-Japan), Corporate and Investment Banking Steven Victorin Head of Asia Pacific Corporate Banking and Global International Subsidiary Banking Paul Scanlon Head of Asia Pacific Marketing and Corporate Affairs
Products /Services Global Corporate and Investment Banking, Global Transaction Services, Global Markets, Global Research
Company Activities/ History As one of the world’s world's largest financial institutions, Bank of America Merrill Lynch operates a network of 23 offices in 12 countries and territories in Asia Pacific focused on corporate and institutional clients. The firm’s regional footprint, covering 12 currencies, more than a dozen languages and five time zones, places it among the leading financial services companies in the region. The company offers an integrated and comprehensive set of products and services across the following key services:
Tel: (852) 3608 3608 Fax: (852) 3608 6000
www.hkbea.com
• Global Corporate and Investment Banking • Global Transaction Services • Global Markets • Global Research
Company Activities / History Established in 1918, The Bank of East Asia (“BEA”) is the largest independent local bank in Hong Kong with total consolidated assets of HK$692.1 billion (US$89.3 billion) as of 31st December, 2012. The Bank is listed on The Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index. BEA offers a comprehensive range of commercial banking and personal banking, financial, and insurance services to its customers in Hong Kong, Mainland China, and other major markets around the world. These include syndicated loans, trade finance, deposit-taking, foreign currency savings, remittances, mortgage loans, consumer loans, credit cards, Cyberbanking, retail investment and wealth management services, private banking, Renminbi services, foreign exchange margin trading, broking services, Mandatory Provident Fund services, general and life insurance, and more. BEA is the operator of one of the largest branch networks in Hong Kong. In addition, the Bank operates one of the largest networks of any foreign bank in Mainland China, with more than 120 outlets in major cities nationwide. Overseas, the Bank maintains an active presence in Southeast Asia, the United Kingdom, and the United States. In Southeast Asia, the Bank serves customers through its branches in Singapore and Labuan, Malaysia, as well as through its representative office in Kuala Lumpur. In the UK, BEA operates branches in London, Birmingham and Manchester while in the US, the Bank operates branches in New York and Los Angeles. Worldwide, including Hong Kong and the rest of Greater China, BEA operates more than 230 outlets. In addition to the Bank's core offering, other members of the BEA Group broaden the range of products and services available to individual and corporate customers. BEA's wholly-owned subsidiaries BEA Life Limited and Blue Cross (Asia-Pacific) Insurance Limited serve as underwriters of life insurance and general insurance products, respectively, while global professional services provider, Tricor Group, offers integrated business, corporate, and investor services.
Tel: (852) 2536 3888 Fax: (852) 2536 3789 For more information, please visit:
corp.bankofamerica.com/business/bi/asiapac 8
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Assets Management & Finance Services Provider 2013
Citigold Private Client
GT Nexus Level 25, Jubilee Centre, 18 Fenwick Street, Wan Chai, Hong Kong
6/F, Wheelock House, 20 Pedder Street, Central, Hong Kong 3/F, Wai Fung Plaza, 664 Nathan Road, Mongkok, Kowloon
Key Personnel
Key Personnel
Company Activities/ History
Maria Leung
Director and Head of Citigold Private Client
Tel: (852) 2860 8888
www.citigoldprivateclient.com/hk
Citigold Private Client provides a unique banking relationship specially tailored for individuals with US$1 million and more. Citigold Private Client pioneered the “best of both worlds” approach that clients enjoy the combination of an easily accessible, convenient retail banking network alongside a comprehensive private banking business platform providing sophisticated and exclusive products for a unique private banking offering. At Citigold Private Client, we provide highly-tailored private-bank financial products to high-net-worth clients. The bank’s highly skilled team of industry-leading experts become partners to help clients stay ahead of the curve in managing their wealth. The experts work in investment, treasury, insurance, mortgage, market research and commercial banking to provide tailored financial solutions to clients. We are committed to crafting personalized portfolios from our private banking products and services to meet our clients’ unique needs and help sustain wealth success in the future.
Tony Low Managing Director and Senior Vice President Andy Ng Regional VP Business Development
Headquarters 1111 Broadway 5th Floor Oakland, California 94607 United States
Industry Computer Software
Type Privately Held
Company Size 1000 employees
Founded 1998
Charles Schwab, Hong Kong, Ltd Suites 1607-1611, 16/F, ICBC Tower, 3 Garden Road, Central, Hong Kong
Key Personnel
Company Activities/ History
James Sun Managing Director
Charles Schwab, Hong Kong, Ltd., a subsidiary of the San Francisco-based Charles Schwab Corporation, is registered with the Securities & Futures Commission (“SFC”) in Hong Kong. We offer comprehensive US investing products and services, including US stocks, fixed income, market research, a world-renowned online trading platform and financial consultants in Hong Kong. The Charles Schwab Corporation (NYSE: SCHW) has been a leading provider in financial services in the United States for more than three decades. Through its subsidiaries —including Charles Schwab & Co., Inc., Charles Schwab Bank, and Charles Schwab, Hong Kong, Ltd.— Schwab manages client assets exceeding US$2.11 trillion as of April 30, 2013, with 8.9 million client brokerage accounts, 1.6 million corporate retirement plan participants and 895,000 banking accounts. Mr. Charles R. Schwab’s vision of providing the most ethical financial services continues to lead us to be a reliable source of financial services, a trusted provider of help and advice, and a firm committed to delivering great value. With Schwab Hong Kong, you will have access to your investments and US market insight through our web site www.schwab.com.hk, telephone access (+852-2101-0511) and local office.
Year Established 1997
Tel: (852) 3198 4200 Fax: (852) 2506 4756 Email: asia@schwab.com.hk
www.schwab.com.hk 10
(0512-3245/CSHK-1181)
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About GT Nexus (formerly TradeCard) GT Nexus operates the world’s largest cloud-based business network and execution platform for global trade and supply chain management – handling over US$100 billion in global trade annually. Over 25,000 businesses across industry verticals share GT Nexus as their standard, multi-enterprise collaboration platform. This enables all network participants to operate against a core, real-time and always on set of information across multiple supply chain functions, allowing them to optimize the flow of goods, funds and trade information, from the point of order through final payment.
Enabling the Financial Supply Chain
More than 25 financial institutions use the GT Nexus network to deliver financial services, such as pre- and post- export financing and settlements, in an automated environment. Global leaders such as Guess, Abercrombie & Fitch, Gap, Sears, Kohl’s and Levi Strauss & Co. use GT Nexus to streamline transaction flows from purchase order through production tracking, shipment and payment. Embedded financial services throughout the supply network reduce capital costs and risk.
Highlights
• Order Collaboration – a single view of order data between companies and their suppliers. Confirm or negotiate order terms across multiple orders and items simultaneously. • Invoice Management – automatic creation of electronic invoices, packing lists, and other fulfillment documents from order and shipping data. Create a single format and data source to create both commercial and customs invoices, and deliver documentation to brokers. • Payment Management – rapid payment approval and notice of discrepancies, with a clear picture of cash flows and expected payment dates to suppliers. Automatically compare orders, invoices, packing lists, proof of delivery, inspection certificates, and goods receipts and ensure timely payment to suppliers. • Deductions Management – electronically managed deductions with support for image and document attachments. Configure to company deduction rules and automatically take deductions on future invoice payments, expediting recovery. • First Sale Automation – automated creation of first sale documentation. Validate documents for accuracy and completeness and electronically provide data directly to the broker.
Tel: (852) 3588 2508 Fax: (852) 3015 7871 Email: stephanie.wu@gtnexus.com
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Assets Management & Finance Services Provider 2013
THE AMERICAN CHAMBER OF COMMERCE IN HONG KONG
Pan Asian Mortgage Advisory Company Limited 5/F., CRE building, 303 Hennessy Road, Wanchai, Hong Kong
Key Personnel Leland L. Sun (孫立勳) Director Frankie K.S. Wong (王建成) Director
Year Established 2008
Staff size 30
Products /Services Property mortgage referral and consultancy services
FAST FACTS Company Activities/ History Established in 2008, Pan Asian Mortgage Advisory Company Limited (PAMAC), a wholly owned subsidiary of Pan Asian Mortgage Company (Pan Asian) is comprised of a team of professional specialists which provide comprehensive residential mortgage consultancy services for local and foreign homebuyers in Hong Kong. Since 2002, its parent company, Pan Asian, has been a market leader in higher loan-to-value residential mortgage financing in Hong Kong. Bolstered by Pan Asian’s proven track record in credit and risk management, PAMAC is well recognized for its distinctive advisory role when financing a property purchase is required. The firm operates independently unlike other market players who are affiliated with a major property agency. PAMAC has an extensive referral network of over 30 partner banks and financial institutions offering different and customized mortgage plans to cater for the needs of homebuyers. Our in depth understanding of banks enable us to provide customized mortgage referral services to match up with the various lenders’ different mortgage business underwriting standards. In addition, PAMAC is the sole service provider for Pan Asian’s higher loan-to-value mortgage solution. If needed, homebuyers may be able to qualify for a maximum 90% LTV mortgage at a competitive market rate. PAMAC, in conjunction with Pan Asian, are pioneers in providing flexible individual borrower risk assessment and appropriate mortgage matching service. This differentiation sets us apart from other mortgage brokerage firms who conduct traditional mortgage referral services with limited post-application follow-up service. PAMAC’s team will closely monitor each step of every mortgage application and offer to provide back-up financing should the need arise. Amidst the growing demands of the professional mortgage brokerage industry, we are committed in providing a high level of service satisfaction consistent with the growing sophistication of homebuyers in Hong Kong. PAMAC’s unique and personalized services make us an ideal partner of choice.
Tel: (852) 2167 1369 / 5596 6181 / 5115 5037 Fax: (852) 2167 1383 Email: advisory@panasian.biz
www.panasian.com.hk / www.panasian.biz 12
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Community AmCham celebrates over 40 years of promoting business and fostering greater trade ties and community service in Hong Kong. Activities Members can access roughly 400 programs, seminars, and conferences each year featuring top business and government leaders, industry experts and professional facilitators who address timely and relevant business issues. Members Over 1,800 members (40 different nationalities) from over 800 organizations, including multinational firms, small and medium enterprises, entrepreneurs, and non-profit organizations. Committees Our members can join and access up to 28 different committees covering industry sectors, professional service sectors, and special segments of the membership.
BENEFITS Business Networking Visiblity and Corporate Exposure Information Advocacy WHY JOIN AMCHAM? "As a non-American, I have joined the AmCham in every country I have been posted because it is consistently the biggest and most active Chamber of Commerce and the strongest, best organized lobbying force in most countries, therefore able to attract a large number of members of very diverse horizons and able to organize a wide variety of events, attracting very often high profile speakers and therefore large attendance."
REQUEST MORE INFORMATION Membership Department: membership@amcham.org.hk / 2530 6900 www.amcham.org.hk
www.amcham.org.hk
1904 Bank of America Tower, 12 Harcourt Road, Hong Kong, China Tel: 2530 6900
Fax: 2810 1289
E-mail: amcham@amcham.org.hk