Dws Investments Hong Kong Limited (Hong Kong)

Name: Dws Investments Hong Kong Limited
Address: 52/F International Commerce Centre, Hong Kong
Telephone: 852-2203-8888

Dws Investments Hong Kong Limited is a large advisory firm based in Hong Kong. It manages $4.86 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2019.

Dws Investments Hong Kong Limited provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dws Investments Hong Kong Limited: assets under management

The assets under management (AUM) of Dws Investments Hong Kong Limited is $4.86 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $4.36 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.85 billion in discretionary accounts and $14.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $269.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $14.68 million.

Investments

The firm invests in sovereign bonds the most. They account for 54% of the total AUM. The second-largest asset type is other assets, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dws Investments Hong Kong Limited for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wai Kah Chang serves?

The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of Wai Kah Chang is pooled investment vehicles with 17 clients and $4.36 billion of assets under management. Among the 8 most similar advisory firms, Dws Investments Hong Kong Limited has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.86 billion for 19 clients. 89% of the firm’s clients are foreign persons or businesses.

Dws Investments Hong Kong Limited also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Dws Investments Hong Kong Limited

The company employs 72 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Wai Kah Chang has been acting as President since 1 May 2018. Mandy Shuk Man Chiu joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Elke Schoeppl Jost	Director / head of portfolio management, apac	1 Aug 2014	Other	6448938
Andy Ho	Director / head of trading - apac	1 Feb 2016	Other	6755447
Yoke Ling Dawne Siau	Chief compliance officer	1 Apr 2016	Other	5414356
Marco Montanari	Director / head of passive asset management, apac	1 Jul 2017	Other	6842333
Susanna N.Y. Wong	Chief legal officer	1 Sep 2017	Other	6866072
Leon Christopher Williams	Director / coo alternatives apac	1 Nov 2017	Other	6909423
Dws Group Gmbh & Co. Kgaa	Shareholder	1 Mar 2018	75% - 100%	foreign
Wai Kah Chang	Director	1 May 2018	Other	6969762
Simon John Murfin	Director / chief financial officer	1 Jul 2018	Other	6994449
Andrew Frederick Peter Pidden	Director	1 Apr 2019	Other	5734413
Mandy Shuk Man Chiu	Chief compliance officer	1 Jul 2019	Other	7153412

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Deutsche Bank Ag	Shareholder	1 Feb 2010	75% - 100%	13-2944988
Db Beteiligungs Holding Gmbh	Shareholder	1 Dec 2016	75% - 100%	foreign

Based in Hong Kong

The principal office where Dws Investments Hong Kong Limited performs its advisory services is located at 52/F International Commerce Centre, Hong Kong, , which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 852-2203-8888. The normal business hours are 9:00am-5:30pm on Monday - Friday. You can find more information about the New York firm at twitter.com/dws_group.