VMS was founded in 2006 and have since expanded to provide a range of alternative investment services, in Greater China and globally. We provide differentiated financial products and solutions to our valued clients, ranging from family offices to institutions.
With nearly two decades of experience investing into private market and alternatives, VMS has become one of the leading alternative specialists in the region.
Our unique Three-Pillar Ecosystem enables us to add value beyond financial returns. We have been helping our clients navigate volatility and crises through various market cycles. The strong bonding among our clients, portfolio companies and partner managers lays the foundation for VMS’s continuous growth.
Our Brand Value
Chong Tin Lung Benny
Founder & Chairman
Mr. Chong Tin Lung Benny is the Founder and Chairman of VMS Group, responsible for managing the Group’s overall business and corporate strategy. He founded the company in 2006 in Hong Kong and since then, VMS Group has become a well-established, independent multi-strategy financial services group.
Mr. Chong has over 25 years of experience and expertise in the financial industry, and brings extensive consulting knowledge in investments and asset management globally. He also has a wealth of corporate management and experience in China, Hong Kong and the international markets. He currently serves as Chairman of Auto Italia Holdings Ltd. (stock code: 720 HK) and Newton Resources Ltd. (stock code: 1231 HK), both of which are companies listed on Main Board of The Stock Exchange of Hong Kong Limited.
Mr. Chong holds a Bachelor Degree in Commerce from the University of Toronto, Canada, and a Master Degree in Science in Investment Management from the Hong Kong University of Science and Technology. He is a Chartered Financial Analyst (CFA) holder.
Mr. Douglas Morton is a Partner of VMS Group, responsible for the Securities and Advisory Businesses.
Mr. Morton has more than 20 years of investment banking experience in Asia and Latin America, as well as an extensive background in equities, fixed income, bank debt, advisory and risk management. Prior to his career in investment banking, he worked in corporate operations and private equity in Australia, the UK, Canada and France. He also held senior investment banking roles with Deutsche Bank and JP Morgan before joining VMS in early 2016.
Mr. Morton is a member of the Institute of Chartered Accountants Australia and New Zealand. He holds a Bachelor of Commerce degree from the University of New South Wales.
Mr. Elton Cheung is a Partner of VMS Group, responsible for corporate strategy, business development and risk management.
Mr. Cheung has over 20 years of experience in investing, banking and related fields, with areas of expertise spanning across corporate strategy, institutional fund-raising, risk management across all risk disciplines, corporate governance, internal operational control and infrastructure build-up, for global banks, boutique private funds, and start-up joint ventures in multiple Asia-Pacific jurisdictions including especially in Mainland China.
Prior to joining VMS, Mr. Cheung was a Managing Partner and CEO of a boutique infrastructure fund manager, whose business was acquired by Manulife Asset Management. Before that, he has spent over 10 years with Morgan Stanley as a Managing Director and China Chief Operating Officer, and as Greater China Head of Legal and in other senior positions.
Mr. Cheung practiced law with Freshfields and Herbert Smith Freehills in Hong Kong, London and Sydney in his early career, specializing in cross-border private equity investments and structured finance transactions.
Mr. Cheung holds a Bachelor of Laws (Honors) and a Bachelor of Economics with the University of Sydney.
Chief Operating Officer
Ms. Alice Ho is Chief Operating Officer of VMS Group, responsible for overseeing the Group’s business operations strategy.
Ms. Ho has over 20 years of experience in investment management and business operations with extensive knowledge covering accounting and finance, compliance and regulatory requirements for investments across jurisdictions. Prior to joining the VMS, she held various senior positions at global and established organizations including PricewaterhouseCoopers, AIG, PAG, China RE Asset in Hong Kong.
Ms. Ho holds a Bachelor of Commence degree from Griffith University in Australia, and an MBA from South Eastern University in the United States. She is also a fellow member of the HKICPA and a member of the CPA Australia.
Man Wing Chung
Chief Investment Officer
Mr. Man Wing Chung is Chief Investment Officer of VMS Group. He leads the expansion of VMS’s investment capabilities across strategies in its key markets, including China and other parts of Asia. He also plays a key role in formulating the Group’s future investment directions and new product offerings, based on the overall macroeconomic landscape and clients’ asset allocation preferences. In addition, he will spearhead the establishment of the Group’s external asset manager sourcing, screening and monitoring system as it ramps up its efforts in building a multi-strategy, multi-manager-ecosystem.
Mr. Chung has a strong track record in equities investment, with over 30 years of asset management and financial services experience. Prior to joining VMS Group, he most recently served as an Investment Director at Value Partners. During his tenure with Value Partners, he was the lead manager for the firm’s Asia ex-Japan equity and All-China equity strategies, and oversaw close to US$1 billion in assets under management for institutional and intermediary clients. Before that, he was a Portfolio Manager at Ellis Brady Management (Hong Kong), a manager of alternative investments. Earlier, he co-founded JTM Capital Partners (Hong Kong) and managed a Greater China hedge fund. He has also held other senior investment roles, including Head of Greater China Team at Jardine Fleming Asset Management (Hong Kong), founder of HindSight Investment Management (HK), and CIO (Far East ex-Japan equities) at HSBC Asset Management (Hong Kong). He started his career at East Asia Hamon Asset Management (Hong Kong).
Mr. Chung graduated from the University of Hong Kong with an MBA degree and the University of Pennsylvania in the United States with a Bachelor’s degree in Economics.
Head of Private Equity
Mr. Jianming Zou is Head of Private Equity of VMS Group, responsible for managing the Group’s Private Equity Business.
Mr. Zou joined VMS Group in January 2023. With over 20 years of professional experience in the private equity and financial services industry, he brings a deep industry knowledge and expertise in private equity investments and management. Prior to joining VMS, he has been a Partner for a leading China-focused private equity firm, New Horizon Capital, for over 14 years, based in Beijing. Before that, he was an Associate Director at Starr International Investment Advisors, where he was responsible for executing their strategic and private equity investment strategy in the APAC region. He also held roles with Goldman Sachs and CICC in his early career.
Mr. Zou earned an MBA from Harvard Business School, and received a Master’s degree in Economics and a Bachelor’s degree in Law from Peking University in China.
Head of Healthcare
Mr. Andrew Ng is the Head of Healthcare and Managing Director of VMS. He has over 16 years of experience in the healthcare industry across Asia and the U.S. He joined VMS Group in 2017, and has established the Group’s healthcare practice since then. He has led multiple growth-stage investments for the Group across the therapeutics, diagnostics, medical device and CRO/ CDMO verticals.
Before joining VMS, Mr. Ng was the Head of China Healthcare Research at Barclays Capital. He also served as an investment banker, where he covered healthcare clients across the Asia Pacific region. He started his career as a management consultant at ZS Associate, advising global pharma on sales and marketing strategy and operations.
Mr. Ng received an MBA from INSEAD, a M.Eng. degree and a B.S. degree in Operations Research & Engineering from Cornell University.
Head of Tech & Consumer
Mr. Kevin Gong is Managing Director and the Head of Tech and Consumer of VMS, where he lead the overall management of the Tech and Consumer Investment Team and oversees the investment management activities.
Mr. Gong joined VMS in March 2023. He has about 15 years of experience in the technology sector, with a specific focus on hard technologies and consumer industries. He also has led numerous transactions and completed IPO exits, delivering exceptional investment returns and accumulating extensive expertise in investment operations and resource management.
Before joining VMS, he was the general manager at CITIC New Future Invest in Beijing. Before that, he was a Director at New Horizon Capital in Beijing for 10 years. He began his investment career as an analyst at New Horizon Capital.
Discover how VMS evolved to become one of the leading alternative multi-strategy specialists in the region.
VMS was established in 2006
Founded by our Group's Chairman
Mr. Chong Tin Lung Benny.
Tapped into proprietary private equity investments
We offer alternative solutions to tap into the potential of China's pre-IPO markets.
Built dedicated PE Team
We specialize in growth capital, with a focus on China-related investments in Healthcare, Technology and Consumer industries.
Strategic cooperation with Legend Capital
Strategic alliance with Legend Capital in growth stage TMT and healthcare investments.
Launched VMS's first PE portfolio
Launch of first private equity fund
"VMS Legend Investment Fund I".
Strategic cooperation with Renyi Ventures
Partnership with Renyi Ventures in China TMT investments.
Strategic cooperation with Princeville Capital
Partnership with Princeville Capital in TMT investments, and seeded its global tech investment fund.
VMS celebrates USD1 billion AUM milestone
The Group's asset under management (AUM) reached USD1 billion.
Strategic cooperation with KPCB
Strategic alliance with Kleiner Perkins Caufield & Byers (KPCB) in deep tech investments.
Strategic cooperation with Panacea Venture
Formed partnership with Panacea Venture in healthcare investments.
Expansion in China
Opened Beijing office, with an
Launched 10+ single purpose PE funds
Strategic cooperation with Northern Light Venture Capital (NLVC)
Formed partnership with NLVC, which allows the two firms leverage the investment expertise and industry resources to create long-term and sustainable value for respective parties as well as their portfolio companies.
Strategic cooperation with Pacific Crest Partners
Formed partnership with Pacific Crest Partners, a global long/short equity hedge fund.