Landmark PLC Japan Set to Open a Regional Office in Hong Kong
James M. Arthur Landmark PLC Japan’s Chief Financial Officer visited Hong Kong’s central business district this week looking for suitable office space.
- (1888PressRelease) June 24, 2017 - Mr. Arthur said “We are now committed to open a regional office in Hong Kong and have found suitable premises in Central, which is Hong Kong’s main business district”. He went on to say “We plan to move in around July/August next year and will be starting recruitment from May, the office will initially have a staff of 26 with plans to grow that figure year on year by 10 for the initial 5 years”.
Landmark PLC Japan is keen to get a foothold in Hong Kong and expand their Asian client base where they believe it will be a stepping stone to the lucrative Chinese market. The Shanghai-Hong Kong Stock Connect seems to have been a major success since its launch in November 2014 and Arthur said “We are a very conscious of the development of the Chinese market and the continued rapid growth of high and ultra-high-net-worth individuals in the region and expect to grow our portfolio of Chinese clients substantially”.
Landmark PLC Japan are aiming for a market that is destined to become one of the largest markets of high-net-worth individuals in the world, with the number of high-net-worth families rising from 2.07 million in 2015 to 3.88 million at the end of 2020, according to a recent report.
Over the same period, China's personal investable assets will increase from 113 trillion Yuan ($17 trillion) to 200 trillion Yuan at a compound annual growth rate of 12 percent. The investable assets of high-net-worth individuals will account for 51 percent of the total in 2020, said the report released by Industrial Bank Co Ltd and The Boston Consulting Group.
About Landmark PLC Japan
Landmark PLC Japan aims to help the investing community identify and capitalize on global investment trends, better select and monitor investments and more successfully enable asset managers to market their funds worldwide. They have one of the largest, most comprehensive global databases of traditional and alternative strategies they deliver through leading-edge technology and backed by a warm approachable client service staff. Landmark PLC Japan strives to help its clients be more strategic, efficient and informed.
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