William Egan joins as head of mandate sales for prime services in Asia, with more hires expected. He was Barclays’ head of FX prime brokerage and OTC clearing in Singapore.
The bank's niche fixed income and FX-focused platform will target macro, fixed income and foreign exchange hedge funds.
The newly created role signifies the UK bank's push into the crowded Asian prime brokerage market.
David Gray, head of prime services at UBS for Asia-Pacific, discusses the resurgence of the hedge fund business.