Former financial secretary John Tsang joins fintech-focused merchant bank Ion Pacific
The bank said Tsang’s entrepreneurial vision that powered his bid for the highest office in Hong Kong last year, mirrors its own drive to be part of the city’s continuing development as a global technology hub
John Tsang Chun-wah, Hong Kong’s former financial secretary who was defeated last year in his bid to become the city’s chief executive, has joined fintech-focused merchant bank Ion Pacific as its vice-chairman.
Set up in 2015 in Hong Kong, Ion Pacific has licences to trade securities, offer corporate finance and handle asset management, according to data filed with the Securities and Futures Commission.
Its own website said it makes technology-focused investments that bridge Asia, the US and Israel.
The bank said Tsang’s greatest asset is his “decade of experience helming the economic policy of Hong Kong’s government” and that it “sees synergies between the entrepreneurial vision that powered his bid for the highest office in Hong Kong last year, and its own drive to be part of Hong Kong’s continuing development as a global technology hub”.
Ion Pacific’s co-CEO and managing director Itamar Har-Even described Tsang as “a consistent forward-thinker who has helped make Hong Kong a leading financial centre”.
“With John’s help,” he said, “Ion Pacific will provide the tools and the fuel needed to bring the tech ecosystem in Hong Kong to the next level.”
