Blair Pickerell has finally convinced Christina Sung to return to the asset management business and run HSBC Asset Management's Taiwan unit.
Sung was Pickerell's deputy for 18 years when he launched and then headed Jardine Fleming's Taiwan funds business she was his first local hire, in 1984, and has since become one of the industry's most senior and formidable players.
Pickerell moved to HSBC a year ago, having left JF Asset Management in 2002. He inherited a Taiwan unit that hadn't integrated properly into the regional business. HSBC acquired China Securities Investment Trust at a dear price in May, 2001, and although it hasn't lost assets, the business hasn't taken off....
