Allfunds makes strategic hire to lead Hong Kong office
Allfunds, the leading B2B wealthtech and fund distribution platform offering access to over 100,000 funds from over 2,000 fund houses, today announces the appointment of Sebastien Chaker as Head of Hong Kong as the company continues to strengthen its North-Asian reach via its Hong Kong office, which opened in early 2020.
In his new role, Sebastien Chaker will focus on managing the HK relationships with over 50 distributors Allfunds currently has across the region. He will also lead efforts to identify new opportunities to further develop Allfunds´ business in North Asia and complement the efforts of the commercial team in Singapore who currently works with top-tier clients in other countries in the region.
Sebastien brings over 20 years’ experience to the role, having most recently served as an executive board member for Clearstream Fund Centre AG (Zurich), overseeing its regional Fund Centre sales efforts and promoting the entire Investment Fund Services product and service suite to local clients. He previously held senior roles at UBS, as well as Calastone, where he established and ran Asian operations upon relocating to Hong Kong with the firm in 2013.
He will report directly to David Perez de Albéniz, Head of Asia at Allfunds, who is based in Singapore.
Juan Alcaraz, CEO of Allfunds, commented:“We are delighted to welcome Sebastien to Allfunds. His experience, deep market knowledge and leadership skills make him a perfect addition to our growing local team. Asia is a key market for Allfunds and we are committed to expand our reach an scope through key hires such as Sebastien, as well as by extending our activities further in the region"
David Perez de Albéniz, Regional Manager Asia at Allfunds, commented: “Since opening the Hong Kong office, we have continued to see strong demand from the region’s distributors and fund managers for the services we provide. We are well-positioned to support a growing client base in the region and are excited to welcome Sebastien to lead these efforts going forward.
Allfunds’ regional clients benefit from our team’s expert knowledge, and a technologically-advanced product suite available internationally. We are proud that our sophisticated product offering has continued to evolve and meet the needs of fund managers and distributors. I look forward to working closely with Sebastien to continue optimising our service in North Asia.”
The Asia region remains a core strategic growth area for Allfunds with a current pipeline of strong AuA growth: since 2018 assets in Asia have grown from nearly zero to over USD 50bn. Recently Allfunds also received approval to operate a WOFE (Wholly Owned Foreign Enterprise) in Shanghai, which will allow the sale of its digital capabilities in Mainland China, boosting exposure outside of Hong Kong