Moelis Australia has won the Professional and Business Services category in the 2019 AustCham Westpac Australia-China Business Awards (ACBAs).
For the past 26 years, the ACBA program has recognised outstanding Australian, Hong Kong and Chinese companies operating in Greater China across these markets.
Drawing nominations from small entrepreneurs through to large publicly listed companies, the Professional Services and Business award recognised Moelis Australia for its contribution to the China community and for furthering Australia-China trade and investment.
“In a market where many have tried and failed, this award is a testament to our commitment to China, and to our team's dedication and hard work over many years,” said Andrew Martin, Head of Moelis Australia Asset Management.
“We realise that for our business to be successful in China, it’s not a one size fits all approach and have adapted our western model to fit in with Chinese business, culture and regulations. Importantly we recognise that a positive reputation isn’t built over night and that it involves a considerable long-term investment.”
Longevity in the China market is important for western businesses to succeed, and over the last five years the Moelis Australia Asset Management team has created and led some of Australia's most innovative investment strategies, focusing on Chinese investment.
Pioneers of the Significant Investor Visa (SIV) program, Moelis Australia introduced the concept to the Australian government, which has now seen more than A$10bn in investment flow into Australia primarily from China.
With a range of SIV compliant funds, and other funds across a range of asset classes to Chinese high net-worth investors, Moelis Australia is one of the largest managers of high net-wealth investment capital in Australia.
“Being recognised by the Australia-China business community at the ACBAs is important validation for the work Moelis Australia has been doing to build a strong business. Beginning with the SIV program, we are excited to be investing further into our Australia-China strategy and growing our team to service high-net worth and institutional investors from Greater China”.
Of 400 guests, the ACBAs were attended by several Chinese and Australian senior government officials and business leaders including, CEO of Hong Kong, Carrie Lam, Governor of Victoria, Linda Dessau, Minister for Jobs, Innovation and Trade, Martin Pakula, and Australia’s Ambassador to China, Jan Elizabeth Adams.
About AustCham Westpac Australia-China Business Awards (ACBAs)
The ACBAs has for 26 years been a means of recognising Australian and Chinese companies working between the two countries in the Greater China region. The Awards recognise the success of Australian and Chinese businesses in Greater China across a broad spectrum, from small entrepreneurs through to large publicly listed companies.