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The credit specialist has opened a new office in Hong Kong’s financial district, as it continues its expansion into Asia.
The group executive director of La Trobe Financial’s Asia Pacific business, Hung Fei Chan, has been appointed to head up the new office in Hong Kong, which opened this week.
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Mr Chan joined La Trobe Financial in 2013 and said he was pleased with his new appointment.
He commented: “[S]etting up a local office in the hub of Asia will better service [the company’s] growing investor customer base and broaden the company’s Asian presence.”
The Hong Kong office is the second branch that La Trobe Financial has set up in Asia, following on from the establishment of an office in Shanghai in 2009. It also established operations in the Shanghai Free Trade Zone (SFTZ) in 2014
Greg O’Neill, president and CEO of La Trobe Financial stated that Hong Kong, and Asia as a whole, was a “key pillar” of the company’s international strategy and allowed it to “tap into the world’s fastest growing economic region”.
Mr O’Neill said: “This is the right time to open an office in Hong Kong. Mr Chan’s firsthand experience on the ground and network throughout Asia has played, and will continue to play, a pivotal role to the organisation’s shape and future expansion into the Asian region.”
La Trobe Financial said it was “well positioned” to participate in China’s proposed financial market deregulation, and benefit from the opportunities this presents for trade and investment flows between China and Australia.
[Related: Specialist lender launches online investment platform]
