Hong Kong-based Carret Private has acquired QL Asset Management and plans more deals with both asset and wealth managers and financial technology firms, as it targets a presence in Singapore.
Tag : kenneth ho
Kenneth Ho has quit the Swiss private bank and is looking to build capacity after starting at Carret AM as managing partner and founder of its Asian multi-family office out of Hong Kong.

Kenneth Ho is moving into a strategic project role at the Swiss private bank, and Luigi Vignola will replace him as Asia head of the investment solutions group.

Private bankers are not expecting commission- or retrocession-free rules in Asia soon. Fee-for-advice is possible within a decade, but firms may need to package it with additional services.

The bank aims to invest mostly in value-driven A-shares. Its fund started trading two weeks ago and has raised $65 million already, with a Europe roadshow on the horizon.

Kenneth Ho explains the product selection process and underlines the importance of new hire Mark Matthews. The firm also grabs a team of Greater China client advisers from UBS.

Swiss private bank Julius Baer receives a Hong Kong banking licence from the HKMA and reiterates its commitment to Asia and its growth ambitions for assets under management in the region.