SFC suspends Shum Wai Nap, ex-PICC (1339), for 7 months for failures in managing a private fund
SFC
SFC, 20-Jun-2024
As Webb-site noted when PICC was fined on 5-Feb-2024, the manager known only as "S" must have been Shum Wai Nap. In 2020 he moved from PICC to Tianda Asset Management Ltd, but ceased to be licensed there on 24-Apr-2024.
机构
人物
SFC fines PICC Asset Management (Hong Kong) Co Ltd HK$2.8m for fund management failures
SFC
SFC, 05-Feb-2024
The firm, owned by PICC (1339) managed a fund which from May-2018 to Jan-2020 only held 1 to 3 stocks, including "Stock X". The manager was "S", who left on 8-Apr-2020. We note that the only licensee who ceased on that date was Mr Shum Wai Nap, who is now licensed to Tianda Asset Management Ltd.