Deutsche Asset & Wealth Management (DeAWM) has appointed Henry Wong from BEA Union Investment to head its Asian fixed income business in April.

Based in Hong Kong, Wong reports to Elke Schoeppl-Jost, chief investment officer and head of fixed income and multi-asset strategies for Asia Pacific. She left Hong Kong's BEA Union for DeAWM in January, as reported.

Wong will help expand the firm’s range of Asia-Pacific fixed income products.

A source close to the group said his role was newly created as part of Schoeppl-Jost’s remit to build up her team in Asia.

However, Chris Siniakov held a similar position for the German firm's asset management arm before it was merged with the private wealth unit in 2012, as reported. He left DeAWM in May to join Franklin Templeton Investments to build its fixed income operations in Australia.

DeAWM declined to comment for this article.

Andrew Canobi, who was a senior portfolio manager for global fixed income at DeAWM, left the firm at the same time as Siniakov to become director of fixed income for Templeton’s investment team in Australia.

Wong had joined Hong Kong-based BEA Union in January 2008, where he reported to then-CIO Schoeppl-Jost. Before that, he had been head of Asian fixed income at BNP Paribas Asset Management.

BEA Union replaced Wong by promoting Pheona Tsang to head of fixed income in March. Schoeppl-Jost was replaced as CIO by ex-Pyramis portfolio manager Henry Chan.