SYNCICAP Asset Management

SYNCICAP Asset Management is a Hong Kong-based joint venture that brings together two industry leaders from Europe, Ofi Invest and Degroof Petercam Asset Management (DPAM), which have a combined history of over 200 years and more than 45 years in responsible and sustainable investing. 

  • Ofi Invest is the 5th largest asset management company in France, managing USD 182 billion as of December 2022. Founded in 1971, it covers all asset classes in both listed and unlisted assets, including private equity and real estate. Ofi Invest has been committed to responsible finance for 25 years, and is among France's leading active ESG asset managers.

It is wholly owned by Aéma Group, the 5th largest insurance group in France.

  • Degroof Petercam Asset Management (DPAM) is a Belgian independent active asset management firm and manages investment funds as well as discretionary mandates on behalf of institutional clients, for a total amount of USD 44 billion, as of December 2022. DPAM is a performance-driven sustainable investor, pioneer and innovative in responsible and sustainable long-only investment funds covering various areas of expertise.

It is wholly owned by Degroof Petercam Bank.

SYNCICAP Asset Management in Hong Kong serves as a center of expertise for both its shareholders in three key areas:

1/ A portfolio management hub, including SRI strategies on emerging equities and bonds, for European institutional investors;

2/ A research and analysis hub, integrating extra-financial analysis based on ESG criteria, with a dedicated team covering Asian markets, and using the methodologies developed within the two parent companies;

3/ Distribution of DPAM and Ofi Invest sustainable funds, towards Professional Investors in Asia.

MISSION

SYNCICAP's mission is to serve Professional Investors in Hong Kong and Asia with active research-driven and sustainable funds or mandates that invest in listed and unlisted assets, managed by DPAM and Ofi Invest

  • Both Ofi Invest and DPAM are leading asset managers with established track records and heritage. They are among Europe's leading sustainable and Responsible investment managers. With a combined expertise in ESG investing of over 45 years, SYNCICAP Asset Management brings a unique, holistic and comprehensive responsible investing approach to the industry in Asia.
  • SYNCICAP Asset Management has a trained analyst team undertaking sustainable research in Hong Kong that plays an indispensable role for both Ofi Invest and DPAM as it helps uncover investment themes, provides differentiated insights and supports conviction calls. Striking a balance between manageable ESG risks and potential returns is crucial to delivering sustainable, long-term performance.
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Governance

Ofi Invest and DPAM signed a strategic partnership to create SYNCICAP Asset Management Limited, a joint venture based in Hong Kong. Under the terms of the agreement, Ofi Invest holds 66% and DPAM 34%.

SYNCICAP Asset Management Limited is a corporation licensed by the Securities and Futures Commission in Hong Kong to engage in Type 1 (dealing in securities); Type 4 (advising in securities) and Type 9 (asset management) regulated activities, subject to the following conditions: (a) it shall not hold client assets; and (b) it shall only provide services to professional investors (the terms “hold”, “client assets” and “professional investors” are as defined in the Securities and Futures Ordinance and its subsidiary legislation).

Management Team

Jean-Marie Mercadal
CEO, Executive Director & Responsible Officer
Jean-Marie Mercadal

Jean-Marie Mercadal

CEO, Executive Director & Responsible Officer

T: +852 3842 8203
E: jean-marie.mercadal@syncicap.com

Jean-Marie Mercadal is Chief Executive Officer of SYNCICAP Asset Management, based in Hong Kong. He is also Head of Investment Strategies of OFI Holdings. He has over 35 years of experience in asset management.

Jean-Marie joined Ofi Invest Asset Management in 2003 as deputy CEO and Chief Investment Officer. In his previous roles, Jean-Marie was a portfolio manager of balanced and asset allocation funds for more than 25 years and he has been a strategist and supervisor of portfolio managers and analysts.

He began his career at BFT in 1987 in fixed-income and equity arbitrage before joining Banque du Louvre in 1989 as CEO of Louvre Gestion.

He is a graduate of Toulouse Business School and speaks French and English.

Xinghang Li
Head of Fund Management, Executive Director & Responsible Officer
Xinghang Li

Xinghang Li

Head of Fund Management, Executive Director & Responsible Officer

T: +852 3842 8202
E: xinghang.li@syncicap.com

Xinghang Li is Head of Portfolio Management at SYNCICAP Asset Management, based in Hong Kong.

He has over 20 years of experience in the financial industry in Europe. He started his career at Rothschild & Co as an investment banker in Paris working on Private Equity and debt restructuring transactions for European and Asian clients. Prior to  joining Ofi Invest Asset Management, he was an analyst and fund manager at two top-tier French hedge funds focusing on the Asian equity and convertible bond markets. He joined Ofi Invest Asset Management in 2011 as Emerging Markets fund manager and became Head of Emerging Markets in 2016.

He holds a master’s degree in finance from ESCP Business School and bachelor’s degrees in Economics and French Literature in Wuhan University (China). He is a CFA Charter holder since 2008.

He is fluent in French, English and Chinese.

Rizal Wijono
Managing Director - Head of Business Development & Sales
Rizal Wijono

Rizal Wijono

Managing Director - Head of Business Development & Sales

T: +852 3842 8215
E: rizal.wijono@syncicap.com

Rizal Wijono is the Head of Business Development & Sales at SYNCICAP Asset Management.

Based in Hong Kong, Rizal Wijono is an accomplished Asset Management Professional with a proven track record of 26 years in growing traditional Asset Management and Private Equity platform businesses successfully.

In his most recent initiative, Rizal Wijono helped Micro Connect founded by Mr. Charles Li (HKEx former CEO) and Gary Zhang (Oriental Patron Group) establish the Private Equity business and led the platform in obtaining HK SFC licensing as its main RO (Responsible Officer) and OMO to successfully launching the fund. In Tongfang Wealth Management (affiliated to Tsinghua University), he founded Fusion Asia Advisory that is affiliated to Fusion Partners, a Private Equity Fund ultimately acquired by Capricorn NV, a leading European PE platform investing in Europe and China.

Rizal Wijono held senior Directorship roles with various subsidiaries at Sun Hung Kai Financial Group where he led the alternative asset management business (peak AuM approx. US$ 1 billion). Prior to that he was a Regional Director at Deutsche Asset Management and ING Investment Management Asia Pacific over the course of 10 years. At ING he helped strategize the product development of its Asian product suite and in the later years focusing on its institutional and wholesale business development to see ING’s business grow from US$ 2 billion AuM to approximately US$28 billion throughout 10 countries in the Asia Pacific region.

Rizal Wijono grew up and is educated in Belgium. He graduated at the University of Antwerp in Applied Economics and obtained an MBA from the Xavier Institute of Management. He serves as an independent Advisor to the Board of reputable Family Offices and a large European NGO. He speaks 6 languages including English, Dutch, German, French, Putonghua and Bahasa Indonesia.

Eric Mimoun
Chief Operating Officer
Eric Mimoun

Eric Mimoun

Chief Operating Officer

T: +852 3842 8204
E: eric.mimoun@syncicap.com

Eric MIMOUN, acts as Chief Operating Officer at SYNCICAP Asset Management, based in Hong Kong.

He has over 10 years of experience in the financial industry and was previously Corporate Development Manager at Ofi Invest Asset Management.

He started his career at EY as a Financial Services Consultant, serving top-tier French banks, including BNP Paribas, BPCE and Natixis.

He holds degrees in Finance from EDHEC Business School (FR) and in Law from University of Essex (UK) and Université Paris Nanterre (FR).

He speaks English, French and Greek.

Non-Executive Directors
Jean-Pierre Grimaud (CEO, Ofi Invest)
Chairman and Non-executive Director
Peter De Coensel (CEO, DPAM)
Non-Executive Director
Tomas Murillo (Head of Sales, DPAM)
Non-Executive Director

Ofi Invest is the 5th largest asset management company in France, managing USD 182 billion as of December 2022. Founded in 1971, it covers all asset classes in both listed and unlisted assets, including private equity and real estate. Ofi Invest has been committed to responsible finance for 25 years, and is among France's leading active ESG asset managers.

It is wholly owned by Aéma Group, the 5th largest insurance group in France.

Degroof Petercam Asset Management (DPAM)  is a leading independent institutional asset management firm headquartered in Brussels, Belgium. The firms’ asset management capabilities cater to institutional asset owners as well as financial intermediaries and distributors, covering a wide range of investment solutions and products. With expertise in equity, fixed income, balanced and sustainable funds, DPAM offers actively managed, bottom-up as well as quantitative and asymmetric strategies.

As at end December 2022, DPAM managed over USD 44 billion for corporations, public and corporate pension funds, insurance companies, governmental, non-profit organisations and distribution partners. It is a family-owned business and has been managing sustainable investment funds since 2002.

The history of the parent company, Bank Degroof Petercam, dates back to 1871. The group employs 1,400 professionals through offices in Belgium, Luxembourg, France, Switzerland, Spain, The Netherlands, Germany, Italy and a growing team at Syncicap Asset Management in Hong Kong. 

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Ofi Invest and DPAM funds integrate ESG across asset classes and themes. Active, sustainable and research-based investment funds based on the guiding principles of authenticity, conviction, transparency and connectivity.

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