01
Global private banking integration
Comparing and coordinating custody, research, financing, capital-markets and cross-border capabilities across private banks.
Twin Rock Capital Management
Independent investment management and wealth advisory for ultra-high-net-worth families
Drawing on global market insight and an open-architecture network of resources, we help families build wealth solutions aligned with their long-term goals, risk appetite, liquidity needs and cross-border arrangements.
The challenge
The complexity of family wealth calls for a holistic solution
Ultra-high-net-worth families are rarely short of financial products. What is genuinely scarce is independent judgment — the ability to see through cross-border complexity, filter out market noise, and always start from the family's objectives as a whole.
- 01
Assets across jurisdictions
Wealth held across banks, entities, asset classes and countries needs one coherent view.
- 02
Decisions and governance
Clear decision rights, risk boundaries and records keep the family in control.
- 03
The value of an independent stance
A single long-term investment and governance framework, built from the family's total-wealth perspective.
Our model
Independent judgment. Open integration. Coordinated execution.
Twin Rock does not start from a single product or a single institution. We start from the family's overall objectives and assemble the investment and wealth solutions that fit them.
Family / Client
- Owns the assets and sets long-term goals
- Defines risk boundaries and major decisions
- Retains final approval authority
Twin Rock Capital
- Investment framework and asset allocation
- Opportunity screening and solution comparison
- Risk governance, cross-institution coordination and implementation support
Open execution ecosystem
- Private banks, brokers and custodians
- Asset managers, funds and private-market participants
- Legal, tax, trust and insurance advisers
Capabilities
Open architecture: a solution organised around each family
Every family has different needs across banking platforms, investment management, risk control, private opportunities and succession. We bring together the right institutions, strategies and specialists around the family's overall goals.
02
Investment advisory & asset management
Securities advice, portfolio construction, portfolio management and ongoing monitoring, delivered through appropriately licensed capabilities.
03
Public markets & risk management
Equities, fixed income, FX, rates, macro, CTA and absolute-return strategies.
04
Private markets & special situations
Private equity, secondaries, pre-IPO, co-investments, infrastructure, selected direct deals and leading global private opportunities.
05
Family wealth & trust coordination
Working with trust, legal, tax and insurance advisers to connect investment, succession and family governance.
06
Digital assets & new strategies
Research and new strategy solutions, offered only where mandate, suitability, custody and risk controls are fully satisfied.
How we work
From family objectives to ongoing governance
- 1
Understand
Map assets and liabilities, business exposures and liquidity needs; clarify objectives, risk tolerance and decision-making.
- 2
Define
Agree investment objectives, risk capacity, constraints and the decision framework.
- 3
Design
Build the asset-allocation, currency and liquidity framework and set implementation priorities.
- 4
Implement
Compare managers and instruments, coordinate execution and document client approvals.
- 5
Monitor
Maintain portfolio alignment through consolidated reporting, risk reviews, rebalancing and regular meetings.
— Twin Rock · Deliverables built around the client's needs —
Risk governance
Institutional-grade risk governance: every exposure has a purpose
Risk management cannot eliminate losses. Its purpose is to improve visibility, uphold decision rules, and keep investment risk consistent with what the family can bear.
Total family wealth view
Integrating listed assets, private holdings, business exposures, debt, contingent commitments and expected cash needs.
Risk budgets & portfolio boundaries
Reviewing equity, rate, credit, FX, concentration, liquidity, leverage and counterparty risk.
Scenario stress testing
Assessing the impact of market drawdowns, rate shocks, currency moves and liquidity stress.
Liquidity & governance
Ongoing review through periodic reporting, alert thresholds, investment meetings and written decision records.
Portfolio framework
Every asset class under one risk budget
Core capital
- Global listed equities
- High-quality fixed income
- Cash and liquidity management
- Diversified public-market strategies
Diversifiers
- Macro and managed futures
- Absolute-return strategies
- Selected real assets
- Defined-risk strategies
Long-term & opportunistic
- Private equity and secondaries
- Growth investing and co-investments
- Infrastructure and long-duration capital
- Digital assets, with explicit mandate
Bespoke risk solutions
- FX and interest-rate risk management
- Structured solution evaluation
- Financing and collateral efficiency
- Liquidity and concentration management
Our value is not in offering more products, but in placing different asset classes, platform capabilities and market opportunities under a single risk budget and long-term objective — and turning them into an executable portfolio.
Founding team
Decades of experience across global markets, risk and private capital
Co-Founder & Senior Advisor
James Hua
More than 25 years of senior leadership in global markets, investment banking and enterprise risk management at Morgan Stanley, Citigroup and J.P. Morgan.
Formerly Managing Director and Head of Asia Market Risk at Morgan Stanley. Over 19 years at Citigroup he served as Head of Asia Global Markets Risk Management and Chief Risk Officer of several core Asian entities, overseeing risk frameworks and governance across 17 markets, and co-chaired Citi Asia's New Product Approval Committee for more than a decade. His expertise spans derivatives, private investments, proprietary trading and multi-asset allocation, tested through every major market event of the past quarter-century.
Founding Fellow and former Council Member of the Hong Kong Academy of Finance. Honorary MBA from the University of Chicago Booth School of Business, PhD from the University of Illinois, and BSc with highest honours from Lafayette College.
Co-Founder & Senior Advisor
Rocky
An investment professional bridging traditional Wall Street macro trading and quantitative digital-asset strategies, with more than 15 years of trading-desk leadership at leading investment banks and hedge funds.
At HSBC in London and New York he ran a large USD swaption business; he later served as Managing Director at Citi in Singapore and Hong Kong and Head of China Rates Trading. As a Portfolio Manager at leading global macro hedge fund Capula, he independently managed a US$200 million global macro portfolio, specialising in low-risk relative-value arbitrage, liquidity-premium capture and complex derivatives pricing.
Rocky has carried the proven discipline of traditional-finance arbitrage into digital-asset markets, applying risk-free and low-risk arbitrage, basis trading and volatility models to crypto strategies — capturing cross-market returns in a highly volatile, fragmented market. He is one of few practitioners connecting Wall Street rates-trading logic with crypto-asset liquidity.
Co-Founder & Senior Advisor
Anny
A seasoned private-equity and investment professional with more than 20 years in Greater China financial markets.
She has deep experience building and operating asset-management platforms and managing the full lifecycle of private-equity funds, and has long-standing relationships with leading financial institutions and top-tier family offices.
With a background in international business development and strategic partnerships, she combines deep local insight with a global investor network spanning Asia, Europe and North America, covering the full asset-management value chain and cross-border investment, with particular strength in cross-regional resource integration.
Senior Advisors
Senior Advisors
Mr. Qin
Senior Advisor20 years in global fixed-income markets across New York, London and Hong Kong; advises on investment research, structured-solution evaluation and client solution design.
Ms. Wang
Senior AdvisorCurrently Head of Finance, Asia, at a leading global industry marketing and events group. Previously responsible for corporate development, portfolio management and overseas listing preparation, with experience in financial advisory, private investment, M&A and cross-border business development.
Mr. Macintosh
Senior AdvisorCurrently CEO and Executive Director of a Hong Kong asset-management firm. Formerly head of a Hong Kong private bank, with experience in private equity, investment banking, cross-border business development and board governance; holds qualifications relating to virtual-asset fund management.
Clients & ecosystem
Who we serve and who we work with
01We serve
Cross-border ultra-high-net-worth families
- Families with cross-border assets, multiple accounts to coordinate and global tax-planning needs
- Focused on liquidity, concentration, financing and long-term succession between the business and the family
- Who value independent judgment, transparent communication, prudent risk management and long-term partnership
02Our partners
Our professional partners
- Private banks, brokers, asset managers and capital-markets participants
- Lawyers, tax advisers, trust and insurance specialists
- Family offices, entrepreneur communities, professional investors and other ecosystem partners
- Long-term collaboration with clear role boundaries and the client's interests first
Independent · Professional · Long‑term
TWIN ROCK CAPITAL MANAGEMENT
Contact
Begin a private conversation
We work with a limited number of families. To discuss your family's objectives, please contact us by email. All enquiries are handled in confidence.
[email protected]