Robert MacPherson, director of business development at Fortis Prime Fund Solutions in Hong Kong, has resigned and is reportedly joining Bank of New York, which is looking to muscle its way into the Asia fund administration business.
BoNY executives in Hong Kong declined to comment and MacPherson couldn't be reached.
Players in the fund admin and prime broking world believe MacPherson is headed to BoNY in part because the firm has been trolling the market to hire someone to spearhead a push into fund admin.
Another rumour suggested hedge fund admin rival Citco was keen to get MacPherson in the wake of former...
