VMS Group further strengthens leadership with appointment of Mr. Man Wing CHUNG as Chief Investment Officer
- Mr. Chung is a veteran Asia and China fund manager with over three decades of asset management experience
- This important appointment will further broaden VMS’s leadership bench, especially in investment management capabilities
(Hong Kong, 2 May 2023) – VMS Group (“VMS” or “the Group”) is pleased to announce the appointment of Mr. Man Wing CHUNG as the Group’s Chief Investment Officer (“CIO”), effective 2 May 2023. Mr. Chung will be leading the expansion of VMS’s investment capabilities across strategies in its key markets, including China and other parts of Asia. He will also play 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).
VMS Group’s Chairman and Founder, Mr. Benny Chong said: “I am very excited to welcome Man Wing to the VMS family. Man Wing is a visionary investor and brings a wealth of expertise and professionalism from his 30+ years of experience in research and portfolio management. His proven abilities and astute leadership will be instrumental in helping us to further strengthen our investment capabilities, and growing our presence in the market. I am confident that he will add significant value to the Group and our investors.”
Mr. Man Wing Chung said: “I am honored to be joining forces with VMS, and I look forward to working closely with Benny and the whole team. I admire what VMS has achieved to date and eagerly look forward to bringing additional value to this growing platform. With the talents and resources of VMS, I am confident we can embrace the exciting opportunities ahead, and help our investors navigate the market cycles and achieve sustainable growth.”
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About VMS Group
Founded in 2006, VMS Group is an independent multi-strategy financial services group. The Group has successfully completed more than 150 investments in China and around the world. It provides individual, corporate and institutional investors with long-term solutions across Private Equity, Venture Capital, Real Estate, Private Debt and Hedge Fund strategies. It had over US$4.2 billion of assets under management as at the end of November 2022, and has invested over US$200 million alongside its clients.