Ares Management Corporation (Ares) announced that Henry Lee has joined Ares Wealth Management Solutions (AWMS) to lead its efforts as part of the Firm’s commitment to build out dedicated wealth management teams to cater to the growing region’s retail opportunity.
What Lee’s role at Ares entail?
Mr. Lee is joining as a Partner in the Hong Kong office and will report to Raj Dhanda, Ares’ Global Head of Wealth Management in AWMS. In his newly created role, Mr. Lee will oversee retail product development, distribution and strategic distribution partnerships across Asia.
He will focus on expanding the depth of Ares’ relationships with intermediaries in order to partner on innovative solutions across the Firm’s primary and secondary solutions in credit, private equity, real estate and infrastructure strategies for individual investors.
With more than 17 years of experience in private banking and investment management with a focus on alternative investing, Mr. Lee joins Ares after a 16-year career at HSBC, where he was the Global Head of Discretionary Portfolio Management and Head of Alternative Investments for HSBC’s Global Private Bank. Prior to his most recent role, Mr. Lee held numerous other positions in HSBC’s Hong Kong and London offices during his tenure.
What are the executive’s thoughts on the appointment?
“Henry’s addition and the build-out of AWMS’ capabilities globally reflect our commitment to expanding access to Ares’ leading investment strategies and market insights for individual investors,” said Michael Arougheti, Chief Executive Officer and President of Ares.
“Through our expanding range of institutional and retail vehicles, coupled with excellent client service and educational resources, we believe Ares is well-positioned to support individual investors’ growing demand for high-quality private market solutions across the Asia region.”
“International expansion is a big growth opportunity. Under Henry’s leadership, we are taking a pivotal step to enhance our presence in private markets across Asia,” said Raj Dhanda.
“With approximately 105 professionals and backed by the power and scale of the Ares platform, AWMS represents one of the most resourced private wealth distribution platforms in the alternatives industry. We believe that the extension of our wealth platform in Asia will help to further bolster our strong position in the market,” Raj further commented.
“I am excited to join Ares as the firm continues to expand its platform offering to private wealth clients around the globe. Backed by Ares, a global leader in alternatives with a wide range of institutional quality alternative products, I believe that AWMS is well-positioned for growth and will be well received by retail investors throughout Asia,” said Henry Lee.