20 June 2017 | News

On 20th June 2017 Hywin Capital UK hosted the launch of their UK wealth management business in the iconic Gherkin building. The evening was a celebration of the successful acquisition of Azure Wealth and presentation of the firm’s capabilities, key staff and ambitions.

The distinguished guest list of 88 people was welcomed by Mr. Xu Jin the Minister from the Chinese Embassy, who spoke warmly and with good humour about the relationship between China and the UK both pre-and post Brexit. He also shared his pride at the success of Hywin since Chairman Honwei Han and he grew up in the same village many years ago.

After cocktails on the 39th floor surrounded by the skyline of London and on the hottest day of the year the guests joined their hosts for dinner on the 40th floor. Welcoming speeches from Ben Cackett from the City of London, Chairman Hongwei Han (by recorded film from Shanghai) and Monica Lin, Chairman and CEO of Hywin Wealth set the scene for a friendly and lively dinner as Chinese and International guests exchanged conversation on many topics.

The keynote speaker for the evening was George Magnus, described by co-host Massimo Scalabrini as “the Oracle” due to his prescient warnings about the global credit crisis in 2007/8. Mr Magnus is a China expert and shared with the audience his thoughts about China development and some special insights from his new book. Emphasising the global importance of China his is guidance was to be wary of what he called the “four traps” of Middle Income, Debt, Capital (the “holy trinity” of monetary policy, exchange rate and capital controls) and Demographics. His speech was greatly appreciated and attracted interested questions from the audience afterwards as we were treated to a spectacular sunset through the prism of the Gherkin glass walls.

The evening concluded with more conversation and much exchanging of business cards, good wishes and warm thanks.

It was a very enjoyable and successful evening as evidences by the many messages of congratulation that have been received this morning and requests for meetings and continuing dialogue.