Sunday, 8th November 2009

 

Credit Agricole Asset Management appoints top Asia executive

Credit Agricole Asset Management Hong Kong has appointed Chris Tse as head of fund distribution for Greater China in a newly created role, according to a report in AsianInvestor.

Based in Hong Kong, Tse will lead CAAM’s sales efforts in fund distribution and will contribute to the marketing and sales strategy in the Greater China region, focusing on insurance and banking channels.

His major responsibilities include distributing a range of products including Luxembourg-based CAAM funds, alternative funds, quant funds as well as structured funds through both private banking and retail channels in the region.

He will report directly to Ada Mak, the regional head of business development and client relations for Asia.

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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