Singapore-based wealth management boutique, Paragon Capital Management, has expanded its operations into the North Asia wealth market with the establishment of Paragon Capital Management (HK) Private Limited. The organization has appointed Arthur Fong as CEO and Faye Ng as Chief Operating Officer (COO) of PCMHK. PCMHK will provide investment insights to sophisticated clients and accredited investors, as well as offer services in family succession planning, private markets, and corporate advisory. Paragon Capital Management, with over S$1 billion in client assets under management (AuM), is led by CEO and Chief Investment Officer (CIO) Paul Lee. Arthur Fong brings 30 years of experience in the financial services industry, including positions at Citigroup Private Bank and UBS. Faye Ng, a senior private banker, has over 15 years of industry experience in Hong Kong and Singapore. Paragon Alpha VCC, a subsidiary of Paragon Capital Management, manages three open-ended public market funds and two closed-ended private market funds. Additionally, Paragon operates an early-stage venture capital fund called PV1, which focuses on identifying and nurturing promising startups with high growth potential. The company also offers the GREAT fund, which aims to provide accredited investors with direct access to institutional-quality real estate in developed markets worldwide.
This expansion into the North Asia wealth market allows Paragon Capital Management to tap into the growing demand for wealth management services in the region. The appointment of Arthur Fong and Faye Ng brings extensive experience and expertise to the new presence, positioning Paragon Capital Management to cater to the needs of sophisticated clients and accredited investors in North Asia.
In other news, Ponant, a luxury cruise line, has named Deb Corbett as the new CEO of its Asia Pacific division. Corbett has been with Ponant for seven years and has 30 years of industry experience. She will be assisted by the Ponant management team, including Maxime Farrenq, who has been appointed COO, and Julie Rogers, Director of Sales. Rogers' sales portfolio has been extended to include Japan and Hong Kong. David Marionneau has been appointed as the Director of Maritime Operations. Sarina Bratton will continue to advise the APAC team as Global Senior Strategic Advisor and Honorary Chairwoman. Deb Corbett and the team will manage the overall Ponant Group business, with Corbett reporting to Belinda Hindmarsh, Deputy CEO Global Business. Corbett replaces Chris Hall, who will be leaving the company at the end of June.
These developments in the wealth management and cruise industries reflect the ongoing growth and expansion in the Asia Pacific region, as companies like Paragon Capital Management and Ponant recognize the opportunities and demand in this market.
Sources:
- [Paragon Capital Management](https://www.paragoncm.com.sg/)
- [TravelMole](https://www.travelmole.com/news/ponant-names-new-asia-pacific-ceo-2/)