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Endowus appoints chief investment officer, other hires in HK

Digital wealth advisory platform Endowus has announced leadership changes and new hires to strengthen its presence in Hong Kong.

Hugh Chung is now chief investment officer, overseeing investment operations and integrating strategies between the Hong Kong and Singapore offices.

Co-founder and chairman Samuel Rhee will serve as group chief investment officer, focusing on overall investment strategy, including at Carret Private in Hong Kong.

In Hong Kong, Janet Hung has been appointed head of client advisory, managing client relations for individuals, family offices, and institutional investors.

Jasmine Chan joins as investment advisory director, overseeing local portfolio structuring and investment solutions.

Their appointments align with Endowus’ growing focus on institutional clients and increasing demand for conflict-free wealth management services, which led to record inflows in January 2025.

To support its expansion, Endowus plans to double its Hong Kong workforce and broaden its investment solutions to meet regional needs.

Recent Endowus developments

Timeline
09-Jan-2025 💰 Endowus secures $17.5m for AI investments, market expansion
  • Endowus raises US$17.5M, total hits US$110M
  • Funds to boost expansion, tech, and AI investments
27-Sep-2024 📈 Endowus’ 2023 loss widens, revenue doubles
  • Endowus losses rose to S$30.6M despite revenue growth.
  • Retrocession fees contributed 449% to 2023 revenue.
03-Aug-2023 📈 Endowus grows revenue 2.5x in 2022, but losses rise to $20m (update)
  • Endowus’ revenues doubled to US$6.1M in 2022
  • Losses increased to US$20M amid rising expenses
26-Apr-2023 💼 SG’s Endowus officially expands to Hong Kong

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