The MFO and the trust firm have joined in a strategic partnership to target the Chinese HNW market.

Oracle Capital Group, the multi-family office and wealth consultancy serving East European and Southeast Asian clients in the UK and worldwide, has formed a strategic partnership with Shanghai International Trust, which provides global asset and wealth management services for Chinese high net worth individuals.

Oracle Capital Group and Shanghai International Trust will work together on fund management activities for Chinese investors, including launching and managing private equity investment funds for both high net worth and ultra-high net worth individuals, as well as institutional clients.

“Our focus has always been on fast-growing markets and first generation HNW and UHNW entrepreneurs. Establishing a Chinese presence is a natural next step in our growth strategy,” said Martin Graham, chairman of Oracle Capital Group.

Oracle Capital Group will also assist Shanghai International Trust by developing family office solutions including wealth consultancy, and bespoke financial and non-financial advisory services, the former said in a statement yesterday.

Shanghai International Trust has high credit ratings when compared with local financial institutions, Oracle Capital Group said: Moody’s Baa2; S&P BBB-.  

Mr Hua Cao, general manager of SITCOAM HK, which is the Hong Kong office of Shanghai International Trust, focusing on SITCO’s global business, said: “Our target is to become a global company, and working with a partner such as Oracle Capital Group is a good way to realise our dream. Using this platform, we can give our clients better information and asset management suggestions from the global market.”