Invesco has moved quickly to fill the gaping hole in its portfolio management team caused by a mass defection to Baring Asset Management last month. It has in turn lifted the team from Asia Strategic Investment Management ASIM in Hong Kong, which had acted as investment advisor to Bank of East Asia's line of mutual funds.
ASIM's three founders, James Cheng, Patrick Shum and Peter Woo, will join Invesco in the near future, although an Invesco spokeswoman could not specify when. ASIM's telephone number was disconnected so calls to the fund managers could not be made.
James Cheng will become CIO at Invesco Asia in...
