Ex-Private Banker Completes Buyout of OLZ’s Hong Kong Unit
A former private banker has completed a management buyout of Bern-based asset manager OLZ’s Hong Kong unit.
A management buyout of OLZ (Hong Kong) – a subsidiary of OLZ AG (Switzerland) – has been completed with Michael Yong-Haron who will take full ownership of the company, according to a statement. The purpose of the buyout is to further expand and strengthen the local business presence with Yong-Haron's dedicated team, enabling increased flexibility and responsiveness to clients’ evolving needs in the region.
OLZ (Hong Kong) will operate under the new name of APInvest Partners Limited, with «AP» signifying the firm's focus on Asia Pacific. Bern-based OLZ AG will continue to offer Swiss investment expertise and asset management strategies through close collaboration.
«This management buyout gives APInvest Partners full autonomy for expansion and innovation,» commented Yong-Haron, who becomes CEO of APInvest Partners. «Our open architecture platform is tailored for a new generation of family offices and discerning investors. We believe Hong Kong is ideally positioned to harness the convergence and demands of Asian countries, the fastest-growing region in the world.»
Wealth Management Veteran
Before joining OLZ in October 2024, Yong-Haron had over 25 years of private banking experience across Asia, last as the Hong Kong CEO of BNP Paribas Wealth Management. Previously, he also worked at Standard Chartered, Royal Bank of Canada and Credit Suisse.
«Our continued partnership with APInvest Partners Limited, under Michael Yong-Haron’s leadership, marks a significant milestone. Michael deeply understands the aspirations, challenges, and unique needs of local families and institutions,» said OLZ AG CEO Pius Zgraggen.
«I particularly value Michael’s ability to connect deeply with clients. His intimate knowledge of the local market combined with OLZ’s sophisticated yet transparent investment approach will greatly benefit family offices and discerning investors seeking sustainable returns rather than short-lived trends.»
OLZ AG is a Swiss asset management firm with 25 years of history, focused on providing scientific, data-driven investment solutions with approximately 2 billion Swiss francs ($2.4 billion) in assets under management. OLZ (Hong Kong) was established in 2018 to provide wealth management services to institutional and private clients in Asia.
