Holborn Assets, the Dubai-based international financial advisory firm, has announced its acquisition of Globaleye Hong Kong as part of its expansion drive into Asia, International Investment can exclusively reveal.
Under the agreement, Globaleye Hong Kong’s assets totaling $150m currently under management are being transferred to Holborn Assets, together with Globaleye’s client base of high net worth expats.
Edward Harris, CEO of Globaleye Hong Kong, and his team of five financial advisers, are joining Holborn Assets at their new offices in Central Hong Kong as part of the deal.
Harris, who has been running Globaleye Hong Kong for four years, said of the acquisition: “Holborn Assets has a great deal to offer advisers and advisory firms. It is an extremely well-run business whose management team includes people who have held senior positions in some of the best-known and most respected corporates in the world.”
Robert Parker, Holborn Assets founder and CEO (pictured), said: “2018 is going to be a transformative year for Holborn Assets. We will be expanding our global footprint significantly and making a series of major strategic announcements. We’re delighted to begin such an important phase in our development by announcing our move into Hong Kong and welcoming Edward and his team.”
In May last year, Scott Balsdon left Globaleye, after four years as the firm’s managing director, to join Holborn in Dubai. Holborn Assets was founded in 1999 by Parker following a management buyout of Finexco Middle East from Old Mutual. Today the company has 400 employees around the world and manages more than $1bn in assets under management and administration.