Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia.
The US company, which opened its office in Hong Kong five years ago, is preparing for its next stage of growth, said Tuan Lam, head of Asia-Pacific at iCapital. The firm’s previous office was in the St George’s Building on Ice House Street, also in Central.
“We’ve seen a lot of business growth, and now we’re planning for the next three years of growth, as we continue to see the wealth channel increasing,” Lam said. “This is in response to strong client demand, business growth and the need to create the space so we can grow and serve our clients well in the region.”
The new office would accommodate between 55 and 60 staff members by 2029, about double the current headcount, Lam added.
Cross-border wealth booked in Hong Kong climbed 10.7 per cent in 2025 to US$2.95 trillion, narrowly beating Switzerland’s US$2.94 trillion, the international consultancy said in its latest global wealth report last week.
“The fundamental driver of our business growth is the wealth-management channels’ desire to increase their allocation to global alternative investments and the private markets,” Lam said, adding that the new office included a venue for town hall meetings and hang-outs.
