MSPEA Invests In Hong Kong Financial Firm AMTD

Morgan Stanley Private Equity Asia (MSPEA) has invested an undisclosed amount in Hong Kong-based financial services firm AMTD Group Company Limited, according to a company announcement.

No other details of the deal are disclosed.

MSPEA will work with AMTD’s existing shareholder, the Cheung Kong Group, to expand the company’s financial planning and asset management businesses for high end customers in the Greater China region.

Established in 2003, AMTD provides financial planning, risk management, mortgage and loan services and wealth management businesses. It has opened offices in key cities in China, including Beijing, Chengdu, Chongqing, Guangzhou, Shanghai and Shenzhen.

In July, MSPEA raised around US$1.7 billion for its fourth Asia-focused fund, ahead of its original target of US$1.5 billion.

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