Architas, a multi-manager investment firm owned by the AXA Group, has opened its Hong Kong-based asset management business.

The move comes shortly after the firm secured the clearance of Hong Kong’s Securities and Futures Commission (SFC) to serve as an asset management company.

Architas has made various appointments for the new business, which will trade as Architas Asia.

Zaid Alrifai has been named as the head of the new business while Mai Khanh Vo is the CIO.

Beatrice Jiang has been recruited as the head of legal and compliance.

Architas global head of client group Nicolas Deschamps along with global CIO Jaime Arguello have been appointed as offshore responsible officers.

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Architas CEO Matthieu Andre said: “The launch of our Hong Kong business is a key milestone in our mission to drive growth of open architecture investment solutions.”

Established in 2008, Architas caters to institutional and retail clients.

Last month, Architas released an update on Covid-19.

In the update, the firm revealed that it has adopted a full working from home policy across its UK, Ireland, France and Belgium offices.

It also suspended all external events due to the pandemic.

The firm also said that the pandemic will affect global growth significantly though the duration and extent of the impact are difficult to predict.