KLC Services Limited appoints new Global Head of Distressed Assets

HONG KONG - KLC Services Limited of Hong Kong, has today announced the appointment of Fabrice Baumann as their new Global Head of Distressed Assets. End Quote

(1888PressRelease) February 07, 2025 - In his new role, Mr. Baumann will be stationed in Hong Kong, where he will focus on researching distressed and stressed assets arising from the global COVID-19 pandemic, which forced the closure of many global businesses, which are still feeling the effect to this very day.

Before joining KLC Services Limited, Mr. Baumann served as a Senior Director at a Private Wealth Management firm in Zurich. He subsequently relocated to Hong Kong, where he held various positions at Credit Suisse, DBS Bank, and JP Morgan.

KLC Services Limited’s Chief Executive Officer expressed enthusiasm regarding Mr. Baumann's addition to the team, stating "Fabrice's extensive global experience in managing stressed and distressed assets is crucial for KLC Services Limited, and we are thrilled to welcome him aboard. Given the financial challenges faced by numerous global businesses, this senior appointment is significant as we continue to identify distressed assets where we can provide value and enhance our growing portfolio."

Additionally, he remarked "The global economy has experienced significant volatility due to the after effects of the COVID-19 pandemic and the current conflict in Ukraine, compounded by sanctions on Russia. It is essential for us to identify market opportunities related to stressed and distressed assets, which have taken on new significance."

About Us - KLC Services Limited

Our financial firm was developed to serve you. Together, we provide a wealth of experience, which we dedicate to forming innovative and thoughtful financial strategies for clients. Your lifestyle and objectives are critical for us to fully appreciate of over time so that we fulfil our requirement to deliver a plan customized to your personal journey in attaining your future plans for yourself and your family.

Providing the wide range of financial resources and capabilities of larger firms and institutions, we offer this tailored service to our retail clients.

At the time we begin to execute a financial strategy, we utilize the full expertise of our team, conducting thorough research, then carefully undertake the correct path for you which is consistent with your tolerance for risk and is designed to help you pursue your objectives. We deliver unique guidance with your financial requirements and preferences, this is at the core of everything we do.

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