First Securities (HK)

First Securities (HK)

Founded in 1979, First Securities (HK) began as a stockbrokerage serving Hong Kong's developing capital markets. The firm holds licenses from the Securities and Futures Commission of Hong Kong, allowing it to advise on securities, deal in securities, and provide asset management. Over time, it layered wealth management onto its brokerage backbone, creating a platform that today serves individual clients, family groups, and institutional investors across Hong Kong and, through its subsidiary, Singapore. The firm operates through a dual structure. In Hong Kong, it provides securities dealing, margin financing, investment advisory, and discretionary portfolio management — the core of a traditional Asian private-client brokerage. In Singapore, First Capital Global Management, established in 2018 as a multi-family office, extends the firm's reach into fund management and intergenerational wealth planning. This gives clients access to both a regulated broker-dealer and a family-office vehicle, a configuration that particularly appeals to Asian business-owning families with cross-border holdings. The geographic pairing of Hong Kong and Singapore — Asia's two dominant wealth hubs — is central to its value proposition. Confirmed service lines include equities trading, fixed income, and direct investment into private deals sourced from the principals' own regional networks. Principals of the group are not publicly profiled in media. No external publication has verified current AUM. The firm's longevity — over 45 years — suggests a stable, relationship-driven business rather than a rapid-scaling platform. In 2018, the launch of First Capital Global Management in Singapore marked a deliberate expansion into the family-office space, aligning with wider regulatory efforts by the Monetary Authority of Singapore to attract such vehicles to the city-state. Public records show the Singapore entity holds a capital markets services license for fund management. First Securities (HK) is structurally distinct from large private banks because its independence from any banking group means it faces no balance-sheet pressure to push proprietary products. It operates instead as a securities firm with in-house wealth management, placing it in a small cohort of independent Hong Kong brokerages that have successfully added a regulated family-office arm in the neighboring Singapore market. This independence, combined with its regulated presence in both cities, gives it a sourcing posture that third-party private banks and global wealth managers cannot easily replicate without conflict-of-interest management.