Kinetic Partners, the global professional services firm to the asset management, investment banking and broking industry, has made its first foray into Asia with the opening of a new Hong Kong office.
Kinetic Partners says it opened in Hong Kong in response to the changing dynamics of the global financial services industry that has seen Hong Kong develop as the focus for capital flows and financial services expertise.
The firm says it is looking to expand into other jurisdictions in Asia, including Singapore and Mainland China.
The Hong Kong office will provide support for global financial services organizations operating in or looking to access the Hong Kong and Chinese markets, as well as locally based firms, with a focus on regulatory compliance services and tax structures. As well as assisting firms with SFC authorizations and ongoing support, the office will provide advice on SEC registrations for firms affected by the US Dodd-Frank Reform Act, and the UKs FSA regulatory framework.
The office will be headed by Julian Korek, one of the founding members of Kinetic Partners, and AnnMarie Croswell, a director, along with new member Gary James and director Winnie Tsui, as well as a team of local regulatory experts. Croswell joins from the US office, where she advised asset managers and broker dealers on US regulation, including SEC registration and ongoing compliance requirements. James and Tsui specialize in international tax planning for financial institutions, multinational clients and expatriates working in Asia Pacific.
With one of the fastest growing economies in the world, Asia is a dynamic and exciting environment in which to do business, and we are delighted to be opening our new Hong Kong office, which marks a major milestone for the firm, Korek says. There is a real buzz about the place, and we have seen a keen interest from financial firms based here to better understand the global regulatory landscape and how it is influencing their regulatory requirements. Our unique model of a single global firm with deep technical knowledge and industry experience, working as one team that is totally accessible to all our clients, is seen as a step forward in the Asian marketplace.
(CG)