Hong Kong-headquartered Raffles Household Workplace has appointed Joe Kwan as its newest managing companion, with a remit to create the agency’s new Raffles Actual Property workforce.
The agency is searching for to fulfill rising demand from Asia’s extremely excessive web value households to optimise their actual property portfolios and acquisitions.
“Whereas actual property has lengthy been a part of the great suite of belongings that Raffles Household Workplace manages, the addition of [Kwan] will enable us to supply extra modern approaches to assist our shoppers profit from their holdings within the class, which continues to account for vital shares of their belongings general,” stated Raffles Household Workplace group chief government officer and co-founder, Kwan Chi-man.
The true property workplace would be the third providing beneath Raffles Household Workplace’s Superior Wealth Options arm.
The opposite two are personal fairness and structured funding options.
Previous to becoming a member of the agency, Kwan co-founded and led Singapore actual property funding advisory agency Sakal Actual Property Companions.
Since its institution in March 2018, Sakal Actual Property Companions has originated and suggested on institutional actual property transactions totalling greater than S$1bn ($716.86m).
Kwan, who will likely be primarily based in Singapore in his new position, has additionally held numerous positions at international personal fairness actual property agency Chelsfield Asia, at UBS World Asset Administration and at Aviva Buyers.
“I stay up for working carefully with the agency’s co-founders and relationship managers throughout Asia on devising a brand new suite of choices able to additional enhancing the already promising returns the corporate has delivered for households throughout the area and past,” stated Kwan.
Raffles Household Workplace is a multi-family workplace that provides wealth administration providers for extremely excessive web value people.
It additionally has department places of work in a number of Asian cities, together with Singapore, Shanghai, Beijing and Taipei.