Bob Morse launches multi-billion dollar financial services firm

Robert Morse, former CEO of Citi's Asia-Pacific institutional clients group ICG, announced at the AsianInvestorFinanceAsia Distressed Troubled Asset Investing Summit yesterday that he is launching a multi-billion dollar global financial services firm called Primus Financial Holdings. 

Morse will lead the management team alongside Huan Guocang, currently chief executive officer of Primus Pacific Partners, a Hong Kong-based private equity firm, and Ng Wing-Fai, currently a managing partner with Primus Pacific Partners. 

Huan and Morse will share the chairman position, while Morse and Ng will be co-chief executive officers.

Primus Financial starts out with initial permanent capital of $1 billion, apparently from one ultra-high-net-worth investor, giving the management team ample breathing...