04 June 2012

Swiss-headquartered Veco Group opens office in Hong Kong

Hong Kong - 04 June 2012 (ACN Newswire) - Swiss-headquartered Veco Group, announced today the opening of its first Asian office in Hong Kong. The new Hong Kong office is a strategic part of the Group's commitment to bring its unrivaled level of Swiss tradition of reliability, customisation and performance to the increasing number of Asia-based private and corporate clients who require discreet and independent advice.

Established in Lugano in 1973 by Mr. Roberto Verga, Veco Group has grown to become a preferred name for clients including some of the most respected families, industrialists, entrepreneurs and corporations in Europe, Latin America, Asia and the Middle East. With a 40-year tradition of Swiss excellence and offices in major financial centers, the Group is distinguished by providing global clients with truly independent and customised solutions in four focus areas, namely trust, asset management, multi-family office and international commercial trade assistance. The wide geographical coverage of Veco Group's network of branches and partners enables it to offer clients an extensive range of corporate and trust services worldwide. Veco Invest, the independent asset management arm of the Group, provides discretionary "all-weather" investment portfolio management and other bespoke investment services, together with the family office team; it offers clients with multi-family office solutions. Veco Invest is regulated by the Hong Kong SFC. 

The new Hong Kong operations aim to mirror the service offerings in the Lugano headquarters by providing a full spectrum of advisory solutions to Asia-based clients. Commenting on the launch, Mr. Roberto Verga, Chairman of Veco Group said "I am delighted to open our first Asian office, a milestone for us, in Hong Kong to replicate the same quality of personalised service and success we have enjoyed in Europe and the Middle East. Hong Kong has a fast growing economy with vast opportunities, an excellent financial market infrastructure, and transparent regulatory regime, which provides an ideal platform for us to enter into Asia. The move to set up our first Asian office in Hong Kong demonstrates our confidence in the region and our commitment to serving local clients with the same level of enthusiasm and passion through a unique combination of the Swiss tradition of discretion, reliability and seamless global solutions provided with the personal touch.”

The Hong Kong trust services team is headed by Mr. George Pathmanathan and will advise clients on efficient and flexible solutions in terms of asset protection, estate planning, and wealth transfer over generations, family governance, and tax planning as well as commercial transactions. 

Clients with wealth management and multi-family office needs will be served by Veco Invest (Asia) Ltd., the first external asset manager (EAM) from Lugano with a full operation in Hong Kong. It is headed by Managing Director Mr. Peter Lee, who brings to this role more than 20 years of experience in investment and banking. 

Veco Group, headquartered in Lugano, Switzerland has a total of 10 offices and 100 employees worldwide.

Source: Veco Group