2025 Hong Kong Institutional Investor Roundtable

David Chua

CIO, Income Insurance

David joined Income Insurance in 2023 as the Chief Investment Officer and a Member of Executive Committee.

With over 20 years of capital market and portfolio management experiences, David Chua is an experienced investment manager and asset allocator with prior track record with Prudential plc, Munich Re, Goldman Sachs, Nomura and Standard Chartered Bank. His core expertise lie in Asset Allocation, Fund Management, ALM and Derivative Hedging.

A CFA charterholder since 2006, he holds a clear grasp of macro trends and proven track record of delivering investment returns for financial institutions. He delivers in strategic and execution roles - developing and implementing total return / active portfolios, constructing liability-driven solutions. With effective stakeholder management and people leadership skills, he is frequently entrusted by CEOs and Board as a strategic thought partner, business change leader and to evaluate M&A transactions.

Raj Dhown

Advisor , Cheyne Capital Management

Raj is an advisor to Cheyne Capital based in Singapore Raj is also the founder of iCapital Advisory Limited, an advisory firm that works with GPs in both APAC and London looking to raise AUM from Family Offices, Private Banks and institutional investors in Asia.

Prior to this, he was a senior Managing Director at Citigroup where he was responsible for the Financial Institutions Solutions business in APAC (ex-Japan). His role at Citi involved extensive engagement with CFOs, CIOs and regulators of financial institutions regionally to identify key problems & issues and propose cross-asset class solutions including the delivery of derivative solutions and alternative investments.

Raj was also responsible for the Citi International Funds Distribution business in APAC. Raj has over thirty years of experience dealing with and advising financial institutions in both Europe and Asia in respect of a wide mandate that covers risk & capital management, various forms of financing and investments into alternative products. Raj has held various senior client-facing roles at Lehman Bros, Deutsche Bank and JP Morgan in Europe and Citibank Asia.

He is a qualified UK Chartered Accountant (having previously worked at Price Waterhouse Coopers) and holds a BA Hons in Economics from Manchester University.

Max Wong

MD Investor Relations & Head of Asia Client Relations, PAG

Mr. Wong joined PAG in 2023 as a managing director responsible for Group investor relations in the Asia Pacific region.

He formerly spent 18 years with AllianceBernstein, Franklin Templeton, Oaktree Capital, and Leucadia Asset Management in related functions.

He holds a bachelor’s degree in electronic engineering from The Chinese University of Hong Kong and is a CFA and CAIA charterholder.