The asset evaluation specialist has been active in Asia-Pacific markets for some years but saw its profile and capacity in the region increase considerably with the opening of a Singapore office in 2011. Hilco aims to build on that success with its new base in another region’s great business and financing hub.
The firm has hired Francis Yau, a seasoned veteran of Asian business, as chief executive of its newly established Hong Kong unit. His remit includes managing the new office and making inroads into the Greater Chinese market.
“We are fortunate to have Francis Yau representing Hilco in one of the world’s most important economic regions,” said Hilco Trading’s CEO and chairman Jeffrey B Hecktman upon opening his company’s new Hong Kong office.
“His team ensures that Hilco is now well-positioned to provide customers throughout the Asia-Pacific region with the highest quality asset valuation, repositioning and disposition services, and fast response to their needs.”
Hecktman pointed out that Hilco now has offices in South America, Mexico, Europe, the US, and Canada. Its other Asian offices include the one that opened in Bangkok, Thailand, in early 2012.
Hong Kong’s Central district consistently ranks as the most expensive place in the world to rent offices, most recently, according to a CBRE study. Tokyo and London’s West End came in second and third on the real estate advisor’s list of most pricey office locations, respectively.
Editor’s notes: The company rebranded as Hilco Global in July 2013.
As of August 2024, Hilco Global did not list a Hong Kong office on its corporate website.