Casey Quirk kicks off Asia operation with Hong Kong office
21 February 2014
Category: News, Asia, Hong Kong
By Asia Asset Management
Casey, Quirk & Associates LLC, a management consulting firm to the global asset management industry, has opened an office in Hong Kong office – the firm’s first in the Asia Pacific region – amid growing demand for the firm’s business advisory services, and a promising outlook for investment management revenue growth in those markets.
Daniel Celeghin, a partner at Casey Quirk, heads the firm’s new Hong Kong office and Casey Quirk’s client work in the Asia Pacific region.
Asia Pacific investors, in total, will represent nearly a quarter of the new revenue opportunities in the global asset management industry over the next five years, Mr. Celeghin said. That total includes both institutional and retail markets, and fee revenue from net new inflows and turnover of existing mandates.
“In fewer than five years, Casey Quirk has more than doubled in size, due in part to significant growth in our Asia Pacific business,” said Yariv Itah, Casey Quirk’s managing partner.
“Opening our third office, in Hong Kong, underscores our commitment to the continued expansion of our business reach globally,” added Kevin Quirk, co-founder and partner at Casey Quirk. The firm’s other two offices are in the US.
“Hong Kong is a terrific location in the Asia Pacific region from which to serve our growing client base,” Mr. Celeghin said. “For investment managers, winning in these diverse and challenging markets requires understanding where to concentrate efforts and this has been a focus of Casey Quirk’s client work in the region.”