Bosera AM loses Chiu to Manulife, hires Wang

Steve Chiu has left his role as head of sales and marketing at Bosera Asset Management (International) to join Manulife (International) in Hong Kong.

Chiu started at the Canadian insurer’s subsidiary on November 1, having exited Bosera at the end of October. The Chinese fund manager is seeking a new managing director to take up Chiu’s role.

Meanwhile, Charles Wang moved in October to Bosera AM’s head office in Shenzhen as chief investment officer for the ETF and quantitative investments business. He was previously CEO of rival Chinese firm E-Fund Management (HK) and left in September. E Fund has since replaced him with Huang Gao hui.

At Manulife, Chiu has assumed the role of vice-president of investment funds, replacing Myles Morin, who relocated in an internal transfer to his native Canada in mid-July, as reported by AsianInvestor.

Chiu’s department helps to market Manulife’s unit-linked products and mutual funds. He will presumably also work with Manulife’s pensions unit on manager selection in Hong Kong, as did Morin.

Chiu reports to Michael Huddart, CEO for Hong Kong at Manulife (International).

Having joined Bosera AM (International) in January 2011, Chiu had been responsible for business development in Hong Kong and overseas markets. Keith Li, chief executive of Bosera AM (International), will continue to oversee the business.

Chiu has previously served as managing director at AIA Wealth Management, and head of retail business for Asia ex Japan at Invesco.

Bosera AM is among the biggest Chinese fund houses with Rmb123 billion in assets under management.