Value Partners hires from Mirae Asset for quant push

The Hong Kong-based fund house has lured a senior ETF specialist to run business development for its quantitative investment team.
Value Partners hires from Mirae Asset for quant push

Value Partners, a Hong Kong-based asset manager, has hired a new co-managing director of quantitative investment solutions (QIS) to drive business development in this area, AsianInvestor can reveal.

David Quah joined this month from Mirae Asset Global Investments, the Hong Kong-based international arm of Korea's Mirae Asset, where he was head of exchange-traded funds (ETFs). He left the firm earlier this month.   

While Quah will focus on business development for the QIS team at Value Partners, his co-MD, Kai Mak, will continue to oversee quantitative investment activities, including the management of ETFs.

  David Quah

The 10-strong QIS team aims to drive the firm's ETF business, apply 'big data' to its strategies and develop quantitative products, a spokeswoman told AsianInvestor

Value Partners launched a big data fund in 2015 and has conducted quantitative investments and run an ETF business since 2009.

Following Quah's departure from Mirae Asset earlier this month, Cho Wan-youn, Hong Kong-based managing director of global ETF solutions, will continue to oversee ETF business development in the city alongside ETF specialist Julia Chan, said a spokeswoman for the Korean firm.

Quah's hire at Value Partners follows a management shakeup there initiated by new chief executive Au King-Lun, who took over in December 2016. Au subsequently brought in Wayne Shum, a former colleague at BOCHK Asset Management, as his new head of sales.

In June the firm handed investment director Yu Xiaobo the additional role of head of China business. Albert Teoh, former MD of China business, left the same month, together with Lai Voon-San, MD of robo-advisory.

Raymond Tam, former deputy chief executive and head of sales, and William Chow, former head of exchange-traded funds, both left Value Partners in February.

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