The Singapore-based independent wealth manager has opened a Hong Kong subsidiary and hired a securities brokerage and asset management specialist to lead its operations there.

SingAlliance has announced the start of operations in its third location, Hong Kong, following approval from the Securities and Futures Commission, and has hired Angel Chia as CEO of the subsidiary, finews.asia has learned.

She brings 15 years of experience in the financial industry, ranging from securities dealing to asset management in Taipei, New York, Hong Kong and Singapore, SingAlliance said in an email.

Chia was formerly the CEO of China securities dealer Shenwan Hongyuan's Singapore subsidiary, which she helped launch in 2010, and has held various management roles in the firm since. She has also worked for asset managers Temujin and Shengyin Wanguo, and BNP Paribas.

Recent Hires

SingAlliance was founded in Singapore in 2011 by Thierry Beck, the firm's CEO and executive director. In 2017, it opened an office in Geneva, Switzerland.

The firm hired former Indonesia CEO for BNP Paribas, Luc Cardyn, as a senior adviser at its Singapore office, and added Geneva-based private banker Bruno Desgardins to its investment committee.