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A growing number of wealthy families from the Middle East, Europe and Asia are considering using Hong Kong to invest their riches after the government and wealth managers have increased their promotional efforts this year, according to industry players.
BEA Union Investment, a joint venture formed between The Bank of East Asia and Union Investment Group, has named Janet Li (pictured left) as its new CEO, effective from 12 September 2023. She will succeed Eleanor Wan (pictured right), who will remain with the company as advisor.
Li succeeds Eleanor Wan, who had been CEO at BEA Union for 12 years.
PSPF says the defined-contribution plan will become operational July 1, and that it will bring in a member choice platform in 2025.
Despite escalating tensions between Canada and China, it's clear that pension funds see high potential in this region and will continue to invest in markets across the region.