SCM opens up in Hong Kong

The Swiss advisory firm has its eyes set on the Asian alternative assets market as it opens its first non-European office and appoints Mark Engler to spearhead its operations in the region.

SCM Strategic Capital Management has opened its first Asian office in Hong Kong, a month after establishing a representative office in London. The Asia operations will be headed by Mark Engler, a vice president on SCM’s due diligence team.

Engler will lead the firm’s deal sourcing and due diligence efforts in the region and he will be joined by Nana Riedhauser who will assume the role of general office manager.

SCM provides management and consulting services for alternative investments and invests in private equity, real estate and infrastructure. The firm is looking to expand the scope of its activities in Asia and the Hong Kong office comes following the establishing of SCM Strategic Capital Management Asia earlier in the year.

The firm said in a statement that the Hong Kong office will strengthen its platform in the region and provide its clients with greater research coverage and local support in evaluating and selecting fund managers.

According to Merens Cavelty, business development manager at SCM’s Zurich office, SCM has evaluated more than 60 Asia Pacific-focussed funds annually and has more than 200 funds in its product database. The firm plans to increase these numbers significantly. He said that an office in Hong Kong will give the firm greater access to people will allow it to gain a first-hand experience in the region.

As of now, eight percent of the firm’s private equity investments and about three percent of the firm’s real estate and infrastructure investments are located in Asia. The firm expects to increase its exposure to these asset classes in the region following the opening of its offices in Hong Kong.

The Hong Kong office starts with a team of two, which SCM will grow, Cavelty said.

The firm also opened a representative office in London earlier in April. The London office is headed by Karin Russell-Wiederkehr, head of global markets at SCM. Established in 1996, SCM manages assets of about $6 billion.