Raine Group plans to close its Hong Kong office and is offering the staff to relocate to Singapore as the New York-based boutique adviser seeks to consolidate its operations in Asia, according to people with knowledge of the matter.
Three Hong Kong staff, including a managing director, have been offered to move, the people said, asking not to be named as the discussions are confidential. The move comes amid a pickup in activity in Singapore, its biggest office in Asia, which continues to be on an expansion path, the people said.
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