Centaur Asset Management has hired Nick Hocart as director of business development in its new Hong Kong office, which the firm described as its "first foray into the Asian market".

The firm, with assets under management of $500 million, already has a business in Bermuda, Dubai and London.

According to Daniel McGowan, chief executive of parent company Centaur Holdings, the company is involved with discussions about potential partnerships in the region.

"Nick's experience with family offices and professional investors will add further weight to our offering and will complement the existing investment team," said McGowan.

Hocart ran an independent consultancy for the past seven years and prior to that was a partner and co-founder at Xenfin Capital, a London-based investment firm focusing on currency markets.

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