Heritage Global Valuations Bolsters Midwest Expansion with Ray Chen Appointment

Heritage Global Valuations (HGV), a leading appraisal and liquidation firm, has announced the strategic appointment of Ray Chen to lead business development initiatives in the Midwest region. This move aligns with the company's long-term growth strategy, aiming to expand its footprint in key markets, enhance client engagement, and drive long-term growth.

Ray Chen brings nearly a decade of experience in the asset valuation and advisory services sector, with a strong foundation in financial analysis, inventory appraisal, and data-driven strategies. His expertise in industrial asset valuation and financial analysis, coupled with his client-first approach, makes him an invaluable asset to HGV's team. Chen's appointment reflects Heritage Global Inc.'s broader commitment to expanding its presence in the Midwest and driving long-term growth.

In his expanded role, Chen will be primarily responsible for driving new business development efforts in the Midwest while continuing to support the team as an inventory appraiser for HGV. His leadership will not only drive HGV's growth in the Midwest but also support Heritage Global Inc.'s broader mission of providing top-tier asset solutions to clients nationwide.

Chen's appointment comes at a time when HGV is focused on increasing collaboration between its valuations division and other Heritage Global business divisions, such as investment banking, patents and trademarks, receivables, and real estate services. This collaboration will enable HGV to bring a more comprehensive suite of diversified global asset solutions to the market, further enhancing its value proposition to clients.



Ray Chen's appointment is a strategic move that aligns with HGV's long-term growth strategy. By expanding its market reach, strengthening client engagement, diversifying service offerings, building a strong team, and aligning with corporate objectives, HGV is well-positioned to achieve its long-term goals. With Chen's expertise and leadership, HGV can drive new business development efforts in the Midwest, ultimately contributing to the company's overall growth and success.