Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Alexis Fosler will run prime brokerage sales in Singapore. She has been working in the offshore banking industry in the British Virgin Islands and previously worked in Hong Kong in equity sales/research for SBC, UBS and Credit Suisse. The name of the member of staff who will handle client servicing in Singapore is yet to be announced.
The prime brokerage operation will complement CitigroupÆs recently established hedge fund administration department, which is managed in Singapore by Eric Tan.
ôWeÆre setting up in response to the trend of people setting up hedge funds in Singapore, by actually being on the ground there, we will be better positioned to proactively provide services,ö says Hannah Goodwin, managing director of CitigroupÆs equities prime brokerage operation in Asia.
Additionally in Singapore, since September 2006, Citigroup has had a hedge-fund sales team staffed by Charles Blake and Raj Kapoor. They talk to approximately 20 hedge funds in Singapore, presenting their research that is specially tailored to hedge fund deal ideas.
Citigroup set up its Asian prime brokerage department up in April 2005, and has now built a staff of 34 people.
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China Life names Yuan Changqing as acting chairman; Future Super hires operations chief; China Life Franklin Asset Management CIO and deputy CEO leave; Willis Towers Watson has hired Kameswara Natakusumah as head of Indonesia; Prudential hires ex-Apac CEO for Allianz George David Sartorel as a non-executive director; Manulife IM hires into multi-asset solutions team in Asia; PineBridge Investments hires from BNY Mellon IM; and more.
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