Hong Kong, 1 August 2024 – KGI Securities Hong Kong (“KGI”), a leading financial institution in Asia, today announced the appointment of James Wey as the company's new Head of International Wealth Management for Hong Kong and Singapore. This strategic move underscores KGI’s commitment to bolstering its wealth management capabilities and solidifying its position as a premier provider of customized wealth solutions for high-net-worth clients in the region.
KGI’s International Wealth Management business is set to embark on a holistic initiative to elevate its wealth management and asset allocation services to cater to the unique needs of each client. By forging strategic partnerships and collaboration opportunities, the team will expand the company’s reach and capitalize on synergies across its diverse business lines, ultimately fostering the growth of its International Wealth Management business.
Reddy Wong, Chief Executive Officer, KGI Securities Hong Kong, said: "We are thrilled to have James join KGI and lead our international wealth management business. His extensive knowledge in serving high-net-worth clients and driving international growth, particularly in Asia, will be instrumental in expanding our Asia footprint and delivering exceptional wealth management services to our clients in the region."
James Wey, Head of International Wealth Management, KGI Securities Hong Kong, said: "It is a privilege to join KGI and contribute to the company's continued success in the international wealth management arena. The company's unwavering dedication to delivering superior services, tailored to meet the unique needs of our clients, resonates strongly with me. Drawing from my experience in leading one of the largest ultra-high-net-worth wealth management teams in Asia, I am excited to drive growth, expand the company's reach, and achieve outstanding outcomes for our clients."
Before joining KGI, James spent 15 years at JP Morgan Wealth Management, where he rose from a client coverage advisor to a Market Manager and eventually to a Regional Head, overseeing the firm's operations in Singapore and Southeast Asia. Prior to this, he was also a management consultant at McKinsey & Company.
DISCLAIMER
All the information contained in this document is not intended for use by persons or entities located in or residing in jurisdictions which restrict the distribution of this document by KGI Asia Limited (“KGI”), or any other affiliates of KGI. Such information shall not constitute investment advice, or an offer to sell, or an invitation, solicitation or recommendation to subscribe for or invest in any securities, insurance or other investment products or services nor a distribution of information for any such purpose in any jurisdiction. In particular, the information herein is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America, or to or for the benefit of United States persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof). All the information contained in this document is for general information and reference purpose only without taking into account of any particular investor’s objectives, financial situation or needs and may not be redistributed, reproduced or published (in whole or in part) by any means or for any purpose without the prior written consent of KGI. Such information is not intended to provide any legal, financial, tax or other professional advice and should not be relied upon in that regard.
All investments involve risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
Bond investment is NOT equivalent to a time deposit. It is NOT protected under the Hong Kong Deposit Protection Scheme. Bondholders are exposed to a variety of risks, including but not limited to: (i) Credit risk - The issuer is responsible for payment of interest and repayment of principal of bonds. If the issuer defaults, the holder of bonds may not be able to receive interest and get back the principal. It should also be noted that credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer; (ii) Liquidity risk - some bonds may not have active secondary markets and it would be difficult or impossible for investors to sell the bond before its maturity; (iii) Interest rate risk – When the interest rate rises, the price of a fixed rate bond will normally drop, and vice versa. If you want to sell your bond before it matures, you may get less than your purchase price. Do not invest in bond unless you fully understand and are willing to assume the risks associated with it. Please seek independent advice if you are unsure.
You are advised to exercise caution and undertake your own independent review, and you should seek independent professional advice before making any investment decision. You should carefully consider whether investment is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
No representation or warranty is given, whether express or implied, on the accuracy, adequacy or completeness of information provided herein. In all cases, anyone proposing to rely on or use the information contained herein should independently verify and check the accuracy, completeness, reliability and suitability of the information. Simulations, past and projected performance may not necessarily be indicative of future results.
Information including the figures stated herein may not necessarily have been independently verified, and such information should not be relied upon in making investment decisions. None of KGI, its affiliates or their respective directors, officers, employees and representatives will be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered or incurred by any person or entity due to any omission, error, inaccuracy, incompleteness or otherwise, or any reliance on such information. Furthermore, none of KGI, its affiliates or their respective directors, officers, employees and representatives shall be liable for the content of information provided by or quoted from third parties.
Members of the KGI group and their affiliates may provide services to any companies and affiliates of such companies mentioned herein. Members of the KGI group, their affiliates and their directors, officers, employees and representatives may from time to time have a position in any securities mentioned herein.
KGI’s International Wealth Management business is set to embark on a holistic initiative to elevate its wealth management and asset allocation services to cater to the unique needs of each client. By forging strategic partnerships and collaboration opportunities, the team will expand the company’s reach and capitalize on synergies across its diverse business lines, ultimately fostering the growth of its International Wealth Management business.
Reddy Wong, Chief Executive Officer, KGI Securities Hong Kong, said: "We are thrilled to have James join KGI and lead our international wealth management business. His extensive knowledge in serving high-net-worth clients and driving international growth, particularly in Asia, will be instrumental in expanding our Asia footprint and delivering exceptional wealth management services to our clients in the region."
James Wey, Head of International Wealth Management, KGI Securities Hong Kong, said: "It is a privilege to join KGI and contribute to the company's continued success in the international wealth management arena. The company's unwavering dedication to delivering superior services, tailored to meet the unique needs of our clients, resonates strongly with me. Drawing from my experience in leading one of the largest ultra-high-net-worth wealth management teams in Asia, I am excited to drive growth, expand the company's reach, and achieve outstanding outcomes for our clients."
Before joining KGI, James spent 15 years at JP Morgan Wealth Management, where he rose from a client coverage advisor to a Market Manager and eventually to a Regional Head, overseeing the firm's operations in Singapore and Southeast Asia. Prior to this, he was also a management consultant at McKinsey & Company.
DISCLAIMER
All the information contained in this document is not intended for use by persons or entities located in or residing in jurisdictions which restrict the distribution of this document by KGI Asia Limited (“KGI”), or any other affiliates of KGI. Such information shall not constitute investment advice, or an offer to sell, or an invitation, solicitation or recommendation to subscribe for or invest in any securities, insurance or other investment products or services nor a distribution of information for any such purpose in any jurisdiction. In particular, the information herein is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America, or to or for the benefit of United States persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof). All the information contained in this document is for general information and reference purpose only without taking into account of any particular investor’s objectives, financial situation or needs and may not be redistributed, reproduced or published (in whole or in part) by any means or for any purpose without the prior written consent of KGI. Such information is not intended to provide any legal, financial, tax or other professional advice and should not be relied upon in that regard.
All investments involve risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
Bond investment is NOT equivalent to a time deposit. It is NOT protected under the Hong Kong Deposit Protection Scheme. Bondholders are exposed to a variety of risks, including but not limited to: (i) Credit risk - The issuer is responsible for payment of interest and repayment of principal of bonds. If the issuer defaults, the holder of bonds may not be able to receive interest and get back the principal. It should also be noted that credit ratings assigned by credit rating agencies do not guarantee the creditworthiness of the issuer; (ii) Liquidity risk - some bonds may not have active secondary markets and it would be difficult or impossible for investors to sell the bond before its maturity; (iii) Interest rate risk – When the interest rate rises, the price of a fixed rate bond will normally drop, and vice versa. If you want to sell your bond before it matures, you may get less than your purchase price. Do not invest in bond unless you fully understand and are willing to assume the risks associated with it. Please seek independent advice if you are unsure.
You are advised to exercise caution and undertake your own independent review, and you should seek independent professional advice before making any investment decision. You should carefully consider whether investment is suitable in light of your own risk tolerance, financial situation, investment experience, investment objectives, investment horizon and investment knowledge.
No representation or warranty is given, whether express or implied, on the accuracy, adequacy or completeness of information provided herein. In all cases, anyone proposing to rely on or use the information contained herein should independently verify and check the accuracy, completeness, reliability and suitability of the information. Simulations, past and projected performance may not necessarily be indicative of future results.
Information including the figures stated herein may not necessarily have been independently verified, and such information should not be relied upon in making investment decisions. None of KGI, its affiliates or their respective directors, officers, employees and representatives will be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered or incurred by any person or entity due to any omission, error, inaccuracy, incompleteness or otherwise, or any reliance on such information. Furthermore, none of KGI, its affiliates or their respective directors, officers, employees and representatives shall be liable for the content of information provided by or quoted from third parties.
Members of the KGI group and their affiliates may provide services to any companies and affiliates of such companies mentioned herein. Members of the KGI group, their affiliates and their directors, officers, employees and representatives may from time to time have a position in any securities mentioned herein.