A month on from its sale to Schroders, Cazenove Capital has opened its Hong Kong office after receiving its licence from the Securities and Futures Commission.
Sandy Dudgeon, managing director of Cazenove Capital Management Asia, will head up its Hong Kong wealth management activities. Fund director Robert Ridland and office manager Catherine Chow, will report to Dudgeon.
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Earlier this month, Cazenove Capital chief executive Andrew Ross said the move was logical, given that the firm was running around £100m ($155m) on behalf of Hong Kong-based clients from its London office.
Dudgeon, also commented: "Cazenove Capital has built its reputation on personal service, bespoke discretionary fund management and superior risk-adjusted performance. Having a local presence will ensure we can continue to offer the highest level of client service and wealth management expertise to existing and to new clients in Hong Kong".
With assets under management of £13.1bn ( $19.9bn), Cazenove Capital provides wealth management services to private clients, family trusts, companies, charities and pension plans, now across five locations globally, including Jersey, Edinburgh, Oxford and Chester.
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