Eugene Mak

Eugene Mak is a Co-Founder and Managing Principal of Rosebery Capital, a Hong Kong–based advisory and proprietary investment firm. He has roughly 20–30 years of experience across actuarial and insurance consulting, investment banking, and private investment management in Asia. He began his career as a consulting actuary at Towers Perrin and Watson Wyatt, advising Asian insurance companies on asset-liability management, M&A, and capital raising. Among his notable early engagements, he acted as actuarial advisor to major state-owned Chinese life insurers — including China Life and Ping An — in connection with their listings on the Hong Kong Stock Exchange.

He subsequently moved into the global markets divisions of several major banks, holding director-level positions at HSBC, Morgan Stanley, and Citigroup. In 2011 he was made Managing Director at Natixis Asia Limited (the Asian arm of the French banking group), where he ran the equity derivatives sales desk for Asia. His core professional expertise is in developing risk-transfer solutions for insurance company balance sheets — using derivatives, reinsurance, and securitised structures to manage regulatory capital for Asian insurers.

Since September 2020, Eugene has served as a strategic advisor to the AIA Group Office on mergers & acquisitions, strategic partnerships, and corporate development. He graduated from the London School of Economics and Political Science (LSE) with a degree in Actuarial Science (1994–1997) and is a Fellow of the Institute of Actuaries (UK).

Through Rosebery Capital, Eugene advises leading insurance companies, asset managers, and family offices across Asia. The firm has also acted as a proprietary shareholder in an innovative life insurance business and in a portfolio of UK student-accommodation developments, indicating a mix of advisory work and direct/principal investment rather than a conventional venture-fund model.

*Note: No publicly quoted personal investment thesis or stated check size was found; the seed/angel classification comes from third-party investor databases rather than the firm's own site.*

• Deep specialization in insurance and financial services — asset-liability management, M&A, capital management, and cross-border investment for insurers, asset managers, and family offices.
• Combines advisory work with proprietary (principal) investing; Rosebery has been a direct shareholder in a life-insurance venture and in UK student-accommodation real estate.
• Aggregator/investor databases (e.g., Foundersuite, Crunchbase) classify him under angel / seed-stage investing, consistent with early-stage backing likely concentrated in areas adjacent to his domain expertise (insurtech / fintech / financial services).
• His edge for founders is domain depth in Asian insurance capital markets and a network spanning global banks (HSBC, Morgan Stanley, Citi, Natixis) and insurers (AIA, China Life, Ping An).