HONG KONG SAR – Media OutReach – August 23, 2023 – Lioner International Group Ltd. (Lioner), a financial services pioneer, today announced the opening of its new Beijing office, enhancing its family office advisory offering in China and enabling greater synergy between the region across its offices. of Hong Kong and Singapore, where she provides 3-in-1 insurance, trust and family office advisory services for high net worth (HNW) clients. The opening of Lioner’s new Beijing office reinforces the company’s confidence in China’s long-term economic growth and the country’s leading role in the global economy. Unlike the Hong Kong and Singapore entities, Lioner’s Beijing office will not operate as a broker in China. Its operations will focus solely on providing family office advisory services to their valued clients, an area currently in high demand in China.
Since its inception in Hong Kong in 2021, Lioner has grown rapidly across the region, laying a solid foundation during the pandemic and seizing opportunities as borders reopen. Just one year after its inception, Lioner opened its Singapore office to strengthen its international capabilities and expand its successful partnerships with leading private banks and asset management firms. Thanks to these efforts, in the first half of 2023, Lioner achieved remarkable revenue growth of 220% compared to the first half of 2022 and significantly improved its value.
Advice and support throughout the succession process
After 40 years of rapid economic growth generating great wealth in mainland China, many first-generation business owners or high-net-worth individuals are beginning to deepen their wealth and estate planning. The rapid accumulation of wealth means that many early generations have yet to begin estate planning, which can be complex and is still in its infancy in China. Given the uncertainty of the global economy and a rapidly changing environment, business owners and their successors face many challenges, ranging from corporate governance and talent development to technological innovation and asset allocation. Therefore, business owners need an understanding of global best practices to guide them in establishing ways to meet the needs of each family member during the handover process.
The number of wealthy families in China is growing and they are increasingly choosing to establish family offices to meet their strategic wealth management needs. With the opening of its office in Beijing, Lioner can work closely with family offices in China and share expert advice from a local and international perspective as they embark on the next chapter of their journey. peace of mind.
Lioner will leverage its expertise and experience to help China-based wealthy families successfully manage their business succession, helping them achieve a smooth transition, excellent governance and family harmony. The advisory services offered to clients will meet their various wealth planning needs, including family governance, family constitution, ownership structure and parenting planning.
Lucy Lu, Managing Director and Responsible Officer at Lioner Beijing, will lead the company’s business development efforts in Beijing, connecting with clients in the city and across mainland China and helping them access tailored wealth planning advisory services. Lucy has nearly 15 years of financial services experience serving high net worth clients and listed companies. She has gained significant expertise in wealth management, asset allocation, insurance planning and building deal structures. While also looking for new talent to grow the business, she will be supported by a team of full-fledged advisors with in-depth industry knowledge.
Lucia Lu said, “With a deep local understanding of Chinese culture, Lioner can advise wealthy clients on family constitutions, family office structure and other areas, helping them establish a governance structure according to their needs. , achieve a smooth transition of power and develop guiding principles for all. family members to follow. Our knowledge of the game is like no other, and we work with leading players in the industry and complement their service offerings to provide comprehensive advisory services that meet the diverse needs of high net worth clients.
Lioner Group Partners Tony Chan and Andrew Chan jointly added, “With our global networks and expertise in Hong Kong and Singapore, Lioner can provide market insight from an international perspective and meet customer needs in overseas markets. We are delighted to open our new office in Beijing, which consolidates the immense growth Lioner has experienced and we will continue to deliver synergy in the Asian market through our strategic expansion into three of the four wealthiest cities in the region. »
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