The deputy chief executive and managing director of China Asset Management Company (Hong Kong), Anthony Ho, has resigned and left the firm.
Ho exited the Hong Kong arm of China’s largest asset manager earlier this month, although AsianInvestor could not confirm his future destination by press time.
He was appointed deputy CEO and managing director at China AMC in 2009. Prior to that he worked at Fidelity for 15 years, and a return to his former employer remains a possibility.
Ho spent all but one year at Fidelity in investment management. He served as institutional portfolio manager, research director and senior investment analyst for its Hong Kong and London investment teams.
His last post there was an institutional marketing role. Noticeably Fidelity has seen a number of exits recently, including Kerry Ching, who quit as country head for Hong Kong, with responsibility for institutional, wholesale and retail direct business, to join AMP Capital to lead institutional sales and business development for the region.
At China AMC Ho had been responsible for heading the research team, overseeing analysts in both Hong Kong and Beijing. He was tasked with raising its overseas investment and research capabilities to a global standard.
He also spearheaded the development of global product offerings for international investors to bolster China AMC’s qualified domestic institutional investor (QDII) business, as reported. When he joined in 2009, QDII was hot among Chinese houses.
However, China AMC has also endured a number of departures within its senior management team. In the summer of last year, two figureheads for the firm – general manager Fan Yonghong and deputy general manager Wang Yawei – departed.
Fan had been with China AMC for 14 years, while Wang is a renowned fund manager in China. The flagship China AMC Large-cap Select Fund saw an accumulated return of 1,198% since inception under his management.