This move enables the firm to offer a full range of financial services to clients in the Greater China region. Credit: Paragon Capital Management Singapore.

Singapore-based Paragon Capital Management has opened for business in Hong Kong after secured licences for Type 4 and Type 9 activities in the city.

These licences issued by Hong Kong’s Securities and Futures Commission (SFC) will enable Paragon Capital Management Hong Kong (PCMHK) to advise on securities and conduct asset management activities.

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The Singaporean company set up PCMHK in June 2024.

The latest move enables PCMHK to offer a full range of financial services to clients in the Greater China region, positioning Hong Kong as a strategic wealth management hub.

Besides, the firm announced the appointments of Arthur Fong as CEO and Faye Ng as COO, both of whom bring extensive experience in private banking to the Hong Kong entity.

PCMHK CEO Arthur Fong said: “As Hong Kong rose to third place globally in the Global Financial Centres Index, we strongly believe that our team in Hong Kong will provide clients with a globalised and diversified platform to preserve and grow their wealth.

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“We are eager to actualise the robust investment opportunities that will certainly come from the synergy between Hong Kong and Singapore.”

Paragon Capital Management co-founder, CEO and CIO Paul Lee said: “We are honoured to receive this licence in Hong Kong. Our Hong Kong team will not only build on the success of Paragon Capital Management Singapore but will also serve as a bridge connecting clients across North Asia and Southeast Asia.”

Paragon Capital Management has assets under management (AUM) exceeding SGD1.2bn ($880m).

The company offers investment solutions and wealth management services to accredited investors, including institutional clients.

Paragon Alpha VCC, managed by Paragon Capital Management, offers a diverse suite of funds that span public and private markets.

The firm’s expertise covers multiple asset classes, including global equities, fixed income, early-stage venture capital, and private equity real estate, ensuring a comprehensive investment approach for its clientele.

Last month, Paragon Capital Management named JC Chong as the managing director and senior advisor.