Singapore’s digital wealth management platform Endowus announced that it has appointed Hugh Chung as its Chief Investment Advisory Officer.

In his new role, Hugh will be leading the collective efforts of the centralised Investment Office across the group.

This includes the Endowus digital platform, Endowus Private Wealth, and now the Hong Kong-based Carret Private following the company’s acquisition of a majority stake in October 2022.

He will work closely with Samuel Rhee, Chairman and Chief Investment Officer, in providing group strategic direction on the expert curation and management of all investment solutions across public and private markets.

Hugh brings with him more than 20 years of experience in the asset management and financial advisory space in Asia.

Hugh said,

“Today, I am excited to be a part of the wealthtech transformation Endowus is leading, to empower more clients and remain aligned with their needs, by offering low-cost access to best-in-class investment solutions.

 

I am also looking forward to contributing to the continued expansion into new asset classes such as private markets and alternatives, and in new markets like Hong Kong,”

Sam added,

“As we gear up for launch in Hong Kong, Hugh’s regional expertise and his time spent in the market will also be a valuable asset to us.

 

More importantly, our clients in Singapore and beyond will enjoy the greater benefits of the best portfolio strategies and investment solutions curated for them to achieve their wealth goals.”