Independent Wealth Management Forum 2019 HK - Highlights - Kenneth Ho

Kenny Ho of Carret Private Capital

Oct 28, 2019

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1. What are the opportunities and challenges for this industry?

Video transcript

1. What are the opportunities and challenges for this industry?

In Hong Kong, the Independent Asset Management Industry is still a very much a nascent industry. We're still seeing a lot of start-up businesses happening as we speak. On average, they've got a very short life span. In general, the SFC (Securities and Futures Commission) has been a lot stricter because of the problems that they had during 2008 on the retail side, so it's been more difficult. And the big banks have actually spent a lot more money hiring and recruiting bankers. So in general, it's difficult, but we are seeing a lot of promising start-ups.

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