Hamon Investment Group, the Hong Kong-based asset manager overseeing $2 billion, has appointed Raymond Chan as chief investment officer, part of the BNY Mellon affiliate's expansion of its senior investment team.

In the newly-created role, Chan will oversee the overall investment strategy for the firm, which has a range of Asian equity-focused funds. Hamon also owns 46% of Hong Kong-based hedge fund manager Doric Capital, which runs $110 million in assets.   

Chan is rejoining Hamon – having served as a fund manager for four years until 2003 – from Amundi in Hong Kong where was an investment director overseeing Greater China and Asia ex-Japan equity funds.

In his new role, Chan reports to Hugh Simon, the chief executive of Hamon who founded the firm in 1989.

Chan’s return to Hamon comes as the firm is expanding its investment team. It follows the March appointment of Eric Ritter as a regional fund manager. Ritter had previously run an Asia ex-Japan hedge fund at Nezu Asia Capital Management in Hong Kong.

Hamon, which is 20% owned by BNY Mellon, has a mostly institutional client base that includes pension funds, corporations, financial institutions and family trusts.