Macquarie Asset Management Asia Wealth Expansion Targets Family Office and Private Bank Demand

Macquarie Asset Management Asia wealth expansion gathered pace as the firm added three hires to grow its regional wealth business and push private market offerings to private banking and intermediary clients, the firm said.

Wai Kin Leung joins as senior vice president, Asia wealth, focusing on Greater China and helping advance private market solutions; he most recently led managed solutions work at LGT Private Banking and previously worked at Pictet, Credit Suisse and HSBC.

Macquarie Asset Management also appointed Kate Chan as head of Asia wealth marketing from Lazard Asset Management, and named Hai Rou Ong as executive, Asia wealth, to support capital raising and distributor relationships.

David Chang, head of Asia wealth, said demand from private wealth investors, including family offices, for infrastructure remains strong.