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Banque Degroof Opens In Hong Kong, Hires Chief

Tara Loader Wilkinson

22 November 2011

Banque Degroof Luxembourg, the Belgian private bank, has opened a Hong Kong representative office and appointed Cecilia Chin as its chief representative and general manager, becoming the latest wealth manager to set up a presence in the fast-growth region.

“Asia is paving the way in creation of affluence and sophisticated investors, leading to increasing growth in savings and investments’, said Geert de Bruyne, managing director of Banque Degroof Luxembourg, in a statement.

“Having crystallized business opportunities over recent years, it was also timely to establish an office in Hong Kong to develop closer ties with industry practitioners and clients, and lead business development efforts in Asia,” added Geert.

Before joining Banque Degroof, Chin headed sales and investor relations at SAIL Advisors, a fund of hedge funds group. Prior to that she held senior management positions in business development and client relationship at State Street Global Advisors and State Street Bank.

Chin has over 20 years of experience in the financial industry and building businesses across Asia. She will oversee the activities for Banque Degroof Luxembourg in Asia and focus on the firm’s strategy and development of the fund administration and custody services for Luxembourg investment funds.

Banque Degroof Luxembourg is part of Banque Degroof, one of Belgium’s largest independently-held private and investment banks.