Hong Kong-based financial advisory firm HKD Group has announced plans to establish its third European branch in Switzerland.
Located in the Zurich Metropolitan Area, the new office will be used by the company to better serve its European clients.
Deputy CEO Henry Thompson, who has previously worked with Swiss Mercantile bank, will head the Zurich office and oversee the development of the core team.
Commenting on the development, HKD Group managing partner Felix Leyland said: “By building a local team on the ground in Switzerland, led by Henry Thompson, I am confident that not only will we be able to build even stronger partnerships with our existing clients, but we will be better able to take our unique personal approach to new clients, looking for agility and innovation.
“We are proud that Henry Thompson has chosen HKD Group to continue his career, as his high profile and experience will help to expand HKD Groups’ presence in Switzerland.”
HKD offers portfolio management services, and financial advice to clients using the combination of financial experts, and their extensive knowledge of the financial markets.
The company specialises in international asset allocation.
In their international equity portfolios, the company has outperformed the market with an average annual yield of 28% for the last six years.
Last week, American brokerage firm Interactive Brokers Group secured authorisation from the Central Bank of Ireland to set up its entity in Ireland.
In July last year, British wealth manager Charles Stanley expanded into Northern Ireland by launching an office in Belfast.
FundRock, an alternative investment fund manager, launched an office in the Irish city of Limerick the same year.