Citi trailblazer Hannah Goodwin is heading quietly into the night, after going where no woman has gone before – and may never go again – in Asia prime brokerage.
Following his exit from Morgan Stanley, Ashley Jarvis will take on a newly created role as head of global prime brokerage consulting at Bank of America-Merrill Lynch.
A shift of executives sees Joseph Chang promoted to head of prime finance in Asia, taking over from David Murphy, who will oversee Citi’s prime operations in the US.
Asian managers turn in a benchmark-beating 4% gain in January, refuelling hopes of attracting much-needed investor inflows to the sector. Event-driven funds fare best.
Regional hedge fund managers end 2012 on a positive note, leading to expectations of greater capital inflows in the year ahead.
While China’s growth story is attracting greater investor allocations, managers are failing to deliver returns due to market volatility.