Sun Hung Kai Hires Two to Boost China Business, Research

Sun Hung Kai, one of Hong Kong's biggest financial services companies, said it hired two senior executives - Joseph Tang and K.C. Tan - to strengthen its research division and expand its China operations. Tang will head up its research department and K.C. Tan will be general manager of its China business.

Tang, 38, joins Sun Hung from Yuanta Brokerage in Hong Kong where he was head of research for the past eight months. Before that he worked in Hong Kong at Kim Eng Securities, BZW Investment Management and Daiwa Investment Advisors. Tang will oversee the company's research and daily market reports for SHKresearch.com and SHKonline.com, the company's internet arms. He will also supervise market strategy and sectoral research projects in Hong Kong and China. He will report to Gilbert Chu, the group's chief economist.

Tan, 53, will be responsible for generating new business in China and expanding the company's representative office network. Before joining Sun Hung Tan ran his own investment and management consultancy company. Between 1985 and 1989 he was deputy general manager and project director for the Tian An Group, a Hong Kong-listed Sun Hung Kai subsidiary. Before that he was a consultant to Tonwell Investment Co., a trading, investment and foreign exchange broking company; Tricom Systems, a telecommunications equipment company, and Meishek (China) Ltd., a real estate investment company.

"The opening up of the (China) market will offer immense opportunities in fund management, insurance broking and ultimately direct access to local investors seeking wealth creation strategies," says Tan.

Sun Hung Kai has 470 employees and provides a range of financial services including securities broking, foreign exchange, commodities and futures broking and securities margin financing, corporate finance and property investment