State Street Global Advisors (SSgA) has announced that Veronica Ho is to join the team in Hong Kong from UBS. Ho will answer to the title of portfolio manager in the active quantitative equity team with a focus on the non-Japan Asia markets. In the new position, she replaces Bing Lin, who left the company several months back for an undisclosed location.

For the investment management arm of State Street, Ho reports directly to Justin Pascoe, chief investment officer for SSgA in Asia ex-Japan. Upon moving to the firm in April, Ho joins a team with some 30 members located in offices such as Paris, London, Boston, Montreal, Sydney, Tokyo, and Hong Kong.

According to the firm, SSgAÆs active quantitative equity team develops investment models for clients using quantitative methods as opposed to the qualitative methods that rely on analysing fundamental numbers and company visits. This team also works closely with State StreetÆs advanced research centre, using its proprietary quantitative models to manage active risk-controlled strategies that cover single-country, regional and global assignments managed against a wide variety of client-specified benchmarks.

At UBS, Ho was the head of the Asian quantitative research team. Prior to this role, she was with Macquarie Funds Management where he helped to develop a Hong Kong enhanced equity process.