Raffles Family Office Names Ken Peng as First CIO

Raffles Family Office CIO responsibilities will be assumed by Citi Private Bank veteran Ken Peng following his appointment as the multi-family office’s first chief investment officer.

Peng will be based in Hong Kong and report to group CEO Chi Man Kwan.

He will lead the firm’s investment function, shape overall investment strategy and provide stakeholders with views on macroeconomic developments, investment themes and portfolio sustainability.

He brings more than 20 years of private wealth experience spanning Greater China and the United States.

Before joining Raffles Family Office, Peng served as Citi Private Bank’s head of Asia-Pacific investment strategy and was a managing director at the bank.

The appointment takes effect immediately and reflects Raffles Family Office’s effort to strengthen its institutional investment capabilities as wealthy Asian families face increasingly complex asset-allocation, portfolio-construction and risk-management requirements.