Wheaton Capital announces Phase 3 of its Management Agenda

Wheaton Capital today announced the launch of ‘Phase 3’ of its Management Agenda along with plans for the remainder of the year.

Online PR News – 13-May-2016 – HONG KONG – Wheaton Capital’s Chief Executive Officer, Mr. Alexander van Straaten will present this new phase at an Investor Conference in Hong Kong next week.

Wheaton Capital have already successfully completed Phases 1 and 2. Phase 1, which involved refocusing the business, was completed in 2010. Phase 2, which focused on growth and achieving 25% pre-tax return on average active equity, was completed in 2013.

Wheaton Capital’s Phase 3 contemplates pre-tax profit of $7.4 million in 2015, while reaffirming the firms stated financial targets of 25% pre-tax return on equity and double-digit earnings per share growth over-the-cycle.

Wheaton Capital’s Chief Operating Officer, Mr. Walter Chu commented on the Management Agenda saying “We will aim to accelerate profitable growth by expanding our ‘stable’ businesses in Private Clients and Asset Management and Global Transaction Banking, whilst at the same time building on our competitive edge in Corporate and Investment Banking.”

“Our recent acquisitions prove our determination to expand our franchise. We will invest further, both in incremental acquisitions and in organic growth, while maintaining our cost, risk, capital and regulatory discipline”, said Walter Chu, Chief Operating Officer of Wheaton Capital.

At the Investor Conference, the firm’s business heads will give further details of the financial and strategic objectives of Phase 3 of the Management Agenda at Wheaton Capital.

Wheaton Capital is an investment services company that provides advice and customized portfolio management solutions, backed up by a personal, professional and discreet world class level of service.

Wheaton Capital was established in Hong Kong in 1983 as G&D Wheaton Capital Management by brothers George & Douglas Wheaton. Over the years the firm has expanded from our initial focus on Hong Kong to be based throughout the Asia-Pacific region, although we have a truly global outlook and presence.

Following the retirement of George Wheaton in 1996 and the death of Douglas Wheaton in 1998, the firm gradually became owned by our staff and management. In 2005 we simplified our name to Wheaton Capital reflecting both our strong heritage under the Wheaton brothers as well as our future as a management owned and client focused investment services firm.

Wheaton Capital’s service and products reflect the aspirations of our clients - partnership and trust, values that have led to us developing highly successful relationships with investors and partners throughout the world.