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Coventry Unveils Capital HK In Hong Kong

Move is expected to enhance Coventry' foothold in the US secondary market for life insurance

US-based Coventry has launched Capital HK in Hong Kong, to capitalise on heightened investor interest in the US longevity market.

In conjunction with the launch, Coventry has appointed Charles Wong as Managing Director in Hong Kong. Most recently, Mr. Wong served as Managing Director and Head of Structured Investment Derivatives Marketing for Asia Markets at JPMorgan Chase.

Reid Buerger, Executive Vice President of Coventry, said: “Institutions world-wide are moving into longevity as they seek alternative exposures that offer predictable performance that is uncorrelated to other assets. Our presence in Hong Kong, along with the opening of our London office in 2008, gives investors throughout the global economy unprecedented access to this asset class.”

Mr. Wong said: “The firm is uniquely positioned to capitalise on the growing world-wide demand for true alternatives such as longevity-based assets and I look forward to playing a key role in the company’s success in the region.”

This move is expected to enhance Coventry’ foothold in the US secondary market for life insurance.