PwC Hong Kong has appointed three new partners to its asset management team as part of its plan to double its asset management revenue within the next five years.
Tony Evangelista helped set up PwC’s investment management regulatory compliance practice in New York. He also spent two and a half years working for the US Securities and Exchange Commission.
Carlyon Knight-Evans joins PwC from Ernst & Young where he served as Asia-Pacific asset management sector leader. He brings experience in advising asset management firms on their business growth and will continue to focus on the hedge funds industry.
Prior to joining PwC Hong Kong Angelica Kwan was a US tax partner at Sidley Austin in New York. She has experience with private equity, M&A and international transactions.
“The additions couldn’t have come at a better time. We expect to see an increased demand for our service offerings to the asset management industry, especially after the announcement by China’s vice president Li Keqiang to increase the trading of the Yuan in Hong Kong,” PwC assurance asset management leader Marie-Anne Kong said.
PwC Asia-Pacific asset management leader Robert Grome said Asia’s middle class has experienced terrific growth relative to other regions in the last 20 years suggesting enormous opportunities for asset management growth across the region.