Vanguard is establishing an intermediary business in Hong Kong. The Hong Kong office, which up until now only served institutional clients, opened two years ago in Asia. Along with the new business unit, Vanguard also said the announcement of its first locally domiciled product offering in Hong Kong is imminent.
Shelly Painter, Vanguard Asia regional managing director, currently heads the Asian team from the Hong Kong office. Linda Luk, managing director of retail and intermediary sales, will head the group that focuses on intermediaries.