About Us
CASH International Asset Management, Ltd, headquartered in Hong Kong, is a global asset management company with the vision to invest in a diverse portfolio of boutique investment managers specializing in an array of active, return-oriented investment strategies.
Our strategy allows for our affiliates to maintain significant equity in their firms along with managerial and operational autonomy. By allowing for our affiliates to remain key stakeholders in their firm’s growth and profitability while providing the beneficial support and infrastructure of an award-winning Hong Kong firm, we believe we can both maintain the unique culture of our affiliates’ firms and foster the opportunity for growth.
Among the services we provide to our associates are:
- ●Liquidity
- ●Succession Planning
- ●Distribution through various international partners
- ●Product development and testing
- ●Operations
- ●Legal
- ●Accounting
It is our belief that our affiliates will continue to grow and create value. CIAM is focused on both supporting the organic growth of our affiliates as well as advancing it through additional investment in both new and existing affiliates. We seek to partner with the highest quality, global boutique investment managers that can provide strong, stable products and services domestically and internationally.
CASH International Asset Management, Ltd. (CIAM) is a subsidiary of Celestial Asia Securities Holdings, LTD (“CASH”; SEHK: 1049), a public, multi-faceted conglomerate based in Hong Kong. Among the other companies under the CASH umbrella are CASH Algo Finance Group (CAFG), a pioneer in quantitative finance and algorithmic trading in Hong Kong with both an algorithmic trading platform as well as a robust algorithm incubation service, and Net2Gather (China) Holdings, a mobile internet service provider.
Celestial Capital
Celestial Capital Limited is the investment banking arm of CASH Financial Services Group Limited, a listed financial services group in Hong Kong, specializing in providing corporate finance services, including IPOs, M&As, secondary market offerings, pre-IPO investments and private placements, etc in Hong Kong and China.
Based in Hong Kong and leveraging on its extensive distribution network and strong presence in China, Celestial Capital has built up a successful track record in Hong Kong in sponsoring mid-small caps IPOs and advising on other investment banking deals. At present, CASH Financial Services Group has 6 offices in Hong Kong and China, namely Shanghai, Shenzhen, Guangzhou, Dongguan and 2 offices in Hong Kong.
Hong Kong Stock Exchange has consecutively ranked top in IPO fund raising in the world. There has been increasing interests for quality companies seeking a listing status in Hong Kong, both from the Mainland China and overseas. Celestial Capital is intending to expand its business scope from Mainland China to overseas with a view to capturing the increasing cross-border investment banking opportunities. With this development roadmap, Celestial Capital is inviting outstanding partners to form strategic alliance so that a global investment banking network can be established and deal flow opportunities can be effectively captured together, which may be out of reach alone, by leveraging on the strength and presence of the partners in their respective jurisdictions.
Background of Celestial Capital
Established in 1998, Celestial Capital Limited (“Celestial Capital”) is a wholly-owned subsidiary of CASH Financial Services Group Limited (“CFSG”) listed on the main board of The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”) (Stock Code: 510).
CFSG, a leading financial services group in Hong Kong, China
CFSG is a leading financial services group that has been servicing clients since its establishment in 1972, offering a comprehensive range of wealth management products and services catering to the investment and wealth management needs of clients in China. The holding company of CFSG is Celestial Asia Securities Holdings Limited (“CASH”), which is a renowned investment holding company in Hong Kong. Within the CASH Group, other than CFSG, major subsidiaries include (i) Pricerite Group Limited which operates the largest household products and furniture retail stores in Hong Kong under the brand name of “Pricerite”; and (ii) CASH Algo Finance Group Limited, a leading algorithmic trading and asset management group in China. In terms of return in 2019, the algo product of CASH Algo Finance Group ranked second among its peers in China. With almost 40 years’ history, CFSG has developed into a professional conglomerate with following outstanding competiveness: -
Comprehensive suite of wealth management products and services
Comprehensive range of wealth management products and services including international trading services for securities (HK, US and China A-shares), commodities, futures and options, mutual funds, bonds, equity linked instruments (ELI) and principle guaranteed notes (PGN), insurance, market research and analysis, wealth management and advisory services, asset management, investment banking and institutional sales.
■Versatile and state-of-the-art infrastructure
As a leading technology-focused financial services provider, coupled with professional human talents, CFSG is committed to operating a state-of-the-art platform to meet the investment needs of clients in today’s boundary-less world. In 1998, CFSG was the first in Hong Kong to provide electronic trading via the Internet, demonstrating our innovation and dedication to integrating technology into daily life. CFSG has developed HK’s first one-stop mobile trading app, Alpha-i, with AI technology and mathematical model of NASA, and Weever Fintech, the HK’s first commission free cryptocurrency broker.
■Visionary leaders and professional team
CFSG is led and managed by highly educated professionals: -
- ■Bachelor’s degree holders: 42%
- ■Postgraduate degree holders: 47%
Seasoned and professional management team with extensive financial services experience consists of senior investment bankers, lawyers and accountants
■Solid foundation with rapid growth pace
- ■Front line professionals of more than 200
- ■Most reputable among the local brokerage firms
- ■Equipped to process daily turnover of HKD 10 billion
- ■Developed a diversified active client base of 40,000
- ■Clean regulatory record
- ■6 offices in Hong Kong and China, namely Shanghai, Shenzhen, Guangzhou, Dongguan, and 3 offices in Hong Kong
Expertise of Celestial Capital
Celestial Capital Limited has commenced investment banking services in Hong Kong, China since 1998. As a registered investment advisor and a registered securities dealer with full license from the Securities and Futures Commission, Celestial Capital serves publicly listed and private companies both in Hong Kong and regional markets on a wide range of corporate finance and financial advisory matters, including Pre-IPO investments, IPOs, secondary market placements, M&A and post-listing financial advisory services.
With extensive experience, solid financial backing, clean regulatory record, a proven track record of its management and a well-connected local network, Celestial Capital has earned an excellent reputation for its professionalism and expertise in the industry. Over the years, Celestial Capital has built a successful track record on mid-small caps investment banking deals such as acting as sponsors for the listing of Lingbao Gold, the second largest gold refining company in China with mining capability, QJY Media with Aegis Group Plc, the world’s largest media and digital marketing and communications group, as the strategic investor, advising on the listing of A-shares of Anhui Conch, the largest single brand cement supplier in China and the world, and Guangzhou Pharmaceutical, the second largest Chinese medicine manufacturer in China, and advising on the reverse takeover of Wuling Motors, the largest manufacturer of mini-truck in China with a joint venture with General Motors. Celestial Capital had advised on the takeover of Hang Ten, an apparel maker in Greater China and South East Asia, by Li & Fung which also owns more than 100 Toys “R” Us stores across nine markets in Asia as licencee of Toys “R” Us Inc. The deal was the largest takeover of apparel company in Hong Kong according to Bloomberg.
The following are some transactions and clients advised and/or sponsored by Celestial Capital



Goal and objective
With the successful track record and extensive distribution network in Hong Kong, China, Celestial Capital is able to offer professional investment banking services and excellent execution platform for investment banking transactions. With the strong foothold in the region, it can also obtain and refer deal flows in dual listing, cross-border M&As, pre-IPOs and private equity investments opportunities from Hong Kong and China. To further expand its scope of business and create synergy, Celestial Capital is inviting outstanding partners in US, Europe and Asia to form strategic alliance so that an invincible global investment banking network can be established and deal flow opportunities can be effectively captured together, which may be out of reach alone, by leveraging on the strength and presence of the partners in their respective jurisdictions.
Scope of business
Celestial Capital’s seasoned corporate finance professionals provide advisory services from project initiation to the successful accomplishment of all capital market transactions with following scope of services: -
- - Sponsoring for Initial Public Offerings (IPOs)
- - Underwriting and placing securities
- - Providing financial advisory services
- - Advising on financial restructuring and re-engineering process
- - Advising Mergers and Acquisitions transactions
- - Arranging for private equity and direct investment
- - Introducing strategic investors
Industry focus
Celestial Capital’s investment banking professionals are experienced in advising companies in different industries. However, the strategic partners are suggested to focus on deal flows in the following industries, in particular mid-small caps (fund raising of US$100 million or less) but deals in other industries and of larger sizes are welcomed to bring up for discussion.
- - TMT
- - Renewable energy
- - Natural resources/mining
- - Retailing and manufacturing
Strategic alliance and fee split
Strategic partners and Celestial Capital are expected to provide deal flows to each other whereby execution will be carried out by the strategic partners and Celestial Capital in the respective jurisdictions in which the party is located or has presence. Fee split on the deal origination and execution will be agreed on case by case basis because merits of each case are quite different.

Investment Philosophy
Our business model is to partner with affiliated asset managers, who will retain full autonomy as well as meaningful equity. We want our affiliates to havefull operational control over managerial and investment-making decisions. We believe this keeps the focus firmly on growth and profitability.
While we offer full autonomy and independence to our affiliates, we can also provide, if needed, centralized assistance in strategic matters, succession planning, marketing, distribution, product development, operations, and all other resources at our disposal as a global asset management firm. This allows our affiliates to focus their time exclusively to managing investments.
As a Hong Kong based firm, we see this model as a new opportunity that has not been fully capitalized on in Asia. The combination of our Hong Kong firm with its Chinese network, coupled with investments in the United States, will greatly enhance our ability to integrate global resources and drive the growth.

Management Team

Bankee KWAN JP
Chairman
Dr Kwan leads the vision and strategy of the Group. He is a true entrepreneur and was named "Entrepreneur of the Year 2009" in the Asia Pacific Entrepreneur Awards. Also, Dr Kwan is currently a member of the standing committee of the Chinese People's Political Consultative Conference, Shanghai Committee, and a Justice of Peace (JP) of the HKSAR. He is in tune with developments in Mainland China and Hong Kong. Dr Kwan cares not only for business developments but also academic pursuits of youth education. Dr Kwan is a John Harvard fellow of Harvard University and committee member of Harvard University Asia Centre Advisory Committee aside from his many other achievements in business, politics, the academia and philanthropy. Dr Kwan has an MBA from Murdoch University of Perth, Australia. Dr Kwan is a fellow of the Institute of Financial Accountants of the United Kingdom and a fellow of the Hong Kong Securities Institute. Dr Kwan is also Certified Professional Marketer (Hong Kong) of the Hong Kong Institute of Marketing and its member. For a full profile of Dr Kwan, please click here.

J. Gerald COMBS
Chief Executive Officer
With more than 30 years of leadership experience, Mr. Combs has led numerous engagements with focuses in investment management, manufacturing, and real estate. Before becoming CEO of CASH International Asset Management Ltd., he had served as the Chairman and CEO of both publicly traded and privately held companies, ranging from start-ups to established enterprises, most recently focused on quantitative asset management and incubation.
He has overseen corporate relationships with the SEC and the exchanges (including the NASDAQ and NYSE) upon which the public shares were traded. In addition, Mr. Combs handled the corporate interaction with the analyst community and individual market makers, and has deep experience negotiating with investment and commercial banks for both equity and debt financing.
Mr. Combs began his business career at the investment banking firm of Salomon Brothers, where his responsibilities included mergers and acquisitions, initial public offerings, secondary offerings, and private placements.
Mr. Combs earned his BA degree from Northwestern University. He received a Juris Doctorate from St. Louis University where he graduated with honors.

Jonathan F. COMBS
Managing Director
Mr. Combs has over 10 years of experience in a wide range of ventures from startups to financial markets. Before joining CIAM, he worked closely with CASH Algo Finance Group, sourcing US quantitative managers for inclusion in their Hong Kong based algorithmic trading platform. He has deep experience in start-up finance and operations and has acted as an advisor for incubated startups of multiple disciplines in the New York area.
He began his career at CBS before joining Morgan Stanley on their Fixed Income desk where he focused mainly on foreign exchange products as well as emerging market debt transactions for both institutional and non-leveraged clients.

Contact Us
Hong Kong:
28/F, Manhattan Place
23 Wang Tai Road,
Kowloon Bay
Hong Kong
United States of America:
777 South Flagler Drive
West Palm Beach, Fl 33401
US
Tel: (852) 2287 8212
Email: inquiry@cashiamg.com