HONG KONG-It’s good to be a valuation expert. Especially these days. Fast on the heels of Lee & Associates unveiling its new national valuation services Northbrook, IL-based Hilco Trading has pulled the trigger on an office here. Flying under the HilcoBid brand, the office is the third in the region, complementing outposts in Singapore and Bangkok.
HilcoBid provides surplus capital asset management, valuation and disposition services to large corporations. It’s specific focus will be Hong Kong, mainland China and Taiwan.
Francis Yau has been named CEO of the Hong Kong unit and will be responsible for managing the region. Yau began his career with the Henry Butcher Co. in 1986 as business manager. In 2000, when he joined DoveBid as director of auction and valuation services.
Jeffrey B. Hecktman, chairman and CEO of Hilco Trading, calls the region “one of the world’s most important economic regions.” “Our presence in Asia, combined with operations in the United States, Canada, Mexico, Central and South America and Europe, enables us to provide an unmatched global platform.”
“We continue to see growth in this region,” a spokesman tells GlobeSt.com, explaining why the move was important now. He adds that the presence of locally based Yau helped the firm bridge the all-important cultural gap.