Swiss-headquartered Veco Group has opened of its first Asian office in Hong Kong. The new Hong Kong office is a strategic part of the Group’s commitment to cater for the increasing number of Asia-based private and corporate clients who require discreet and independent advice.
Established in Lugano in 1973 by Roberto Verga, Veco Group provides global clients with truly independent and customised solutions in four focus areas, namely trust, asset management, multi-family office and international commercial trade assistance.
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. For clients with global business needs, the Group’s multi-lingual international commercial trade assistance team brings more than 30 years of solid experience in trade solutions to advise entrepreneurs on global customs, logistics, export-import cargo insurance, documentary credit negotiation, receipts and payments, as well as credit insurance.
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.
Verga, Chairman of Veco Group, says: "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.
"We are pleased to have assembled a group of highly experienced veterans from a variety of backgrounds to join our Hong Kong team. With an unwavering focus on our clients, I have confidence that our strong local team will be the preferred partner providing an unrivalled level of service, and I look forward to their great success in Hong Kong.”
The Hong Kong operations will be the first Asian office of the Group that aims to offer a complete suite of advisory and fiduciary related services. The Hong Kong trust services team is headed by 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 Peter Lee, who brings to this role more than 20 years of experience in investment and banking. Prudent in investment but innovative in portfolio construction, the team pursues a philosophy of independence and discretion, as it does not belong to any banking group.
"Veco Group proudly brings to Asia a 40-year tradition of Swiss confidentiality, flexibility, continuity, and integrity which are the core values of our business,” says Verga. “We look forward to serving our clients with a truly 360-degree tailored service that will help them manage their businesses and wealth generation after generation."