Value Partners, one of Asia’s larger independent asset management firms, has appointed Patricia Cheung as its new COO. Cheung joined Value Partners in 2018 as CAO and was co-COO since last year. Her Co-COO Roger Hepper has departed the firm. Cheung has a background at Hong Kong Exchange, Zheng He Capital Management, Morgan Stanley, Newedge and Goldman Sachs. She was educated at MIT and Wharton. Value Partners, founded in 1993, has US$13.7 billion in AUM.