UBS Global Asset Management has appointed James Hong as chairman of its Greater China business, filling the vacancy from Fu Teh-hsiu's departure in November. Hong, like his predecessor, will report to Tokyo-based head of asset management for Asia Pacific Kai Sotorp.
Fu left to become managing director at new Sino-foreign asset management joint venture AIG Huatai Fund Management in Shanghai.
Hong previously ran the firm's alternative investment strategies group in Hong Kong, essentially a fund of hedge funds, and he will continue to run the Asian alternative and quantitative business, the focus of which is on hedge funds. A UBS spokesman says the expanded role is possible because the Asian alternative...
