Credit Agricole Asset Management has hired Raymond Chan as director of investments and senior portfolio manager. Chan will look after Asian ex-Japan regional pooled products as well as institutional portfolios, including the fund management company's flagship CA Funds Asian Growth fund.
Chan says he did not replace anyone; rather, CA Asset Management needed to add an additional investment professional. The firm now manages $2.5 billion in Asian and Japan portfolios.
Based in Hong Kong, Chan reports to Asia CIO Ray Jovanovich, who was travelling and couldn't be reached for a comment.
Prior to joining CA Asset Management, Chan ran the Asia ex-Japan portfolios at Hamon Investment Group in Hong Kong, where he had reported to managing director Hugh Simon. Joining Hamon four-and-a-half years ago, Chan was mainly responsible for stock research for Greater China, Korea and Malaysia. Among the funds he ran are the Hamon Asian Markets Leaders Fund and the Dreyfus Greater China Fund. He got his start in fund management in 1994 with LGT Asset Management, where he focused on Korea, Malaysia and Singapore.
Hamon is not hiring to replace him; rather it has appointed fund manager Adrian Au to assume Chan's responsibilities.