June Wong, senior managing director at AllianceBernstein, is joining Threadneedle in a newly created role, possibly as regional vice-chair reporting directly to Raymundo Yu.
William Lowndes has tendered his resignation from Threadneedle Asset Management and is now seeking a regional role based in Hong Kong in the funds industry or private banking.
The firm has named Albert Lee, formerly of Merrill Lynch, in Hong Kong to help its regional expansion. He will work with Raymundo Yu, also ex-Merrill, with new hires imminent.
Yu leaves retirement to become the firm’s Asia-Pacific chairman in a newly created role, and will represent American affiliate Columbia Asset Management.