The former CEO of Citi’s Asia-Pacific institutional clients group, Robert Morse, has announced his intention to launch a global financial services form called Primus Financial Holdings.
Making the announcement at the AsianInvestor/FinanceAsia Distressed & Troubled Asset Investing Summit, Morse will lead a team consisting of Huan Guocang, currently chief executive officer of Primus Pacific Partners, a Hong Kong-based private equity firm, and Ng Wing-Fai, currently a managing partner with Primus Pacific Partners.
The firm is starting out with USD1 billion from one ultra-high-net-worth investor, according to a Reuters report.