WellingtonÆs Mak leaves for CAAM

Credit Agricole Asset Management is steadily bolstering its North Asia sales team.
Ada Mak, who had set up Wellington ManagementÆs Hong Kong office, has left to join Credit Agricole Asset Management as head of regional client sales and marketing.

She is filling a vacancy at CAAM created in April when Nicolas Sauvage transferred to CAAMÆs joint venture in Korea with the National Agricultural Cooperative Federation, NH-CA Asset Management, where he is now CEO.

ôWe took our time to find the right candidate for that position,ö says Thierry Mequillet, CAAMÆs Asia-Pacific CEO. He says part of MakÆs job is to continue to build the sales team, both in Hong Kong and in regional offices, with additional hires. Mak now reports to Denys de Campigneulles, deputy CEO.

Mequillet adds that while MakÆs remit is regional, her main focus will be on Greater China and Korea, supporting existing clients (including NH-CA), developing the client base and marketing Credit Agricole group products.

She got her start in the industry at Merrill Lynch Investment Managers (now incorporated into BlackRock) under Seiichi Fukuyama, who was based in Hong Kong at the time and is now BlackRockÆs Asia-Pacific CEO in Tokyo.

She then left and was subsequently hired by Wellington, which had a Singapore office under Siow Chai-sheng but no physical presence in North Asia. Mak established an office in Hong Kong that reported directly to WellingtonÆs head office in Boston and pursued institutional business in the region, notably in Taiwan. She worked alongside Marian Li, formerly of the Hong Kong Monetary Authority (where she managed the Hong Kong Tracker Fund), who joined Wellington in late 2004 and continues as head of client service.

Wellington officials did not return calls seeking comment.
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