EFG Asset Management and Ascalon Asia make key appointments

HedgeWeek(HedgeWeek) EFG Asset Management, the asset management arm of EFG International announced this week the appointment of two Hong Kong-based executives to strengthen its senior management team in the region. Nigel Sze has been appointed Head of Asia and moves from EFG Bank Asia where he was deputy CEO and Head of Private Banking in Hong Kong. Prior to this Sze was Asia Head for HNW clients at Citi Global Wealth Management.

Harmen Overdijk has been promoted to the role of Head of Investments. The appointments underline EFGAM’s intentions of consolidating their position strategically in the region, having also recently appointed top China equity fund manager Mansfield Mok. EFGAM’s CEO, Jim Lee, said that the growing interest in Asia reflects its growing importance to the global economy. “The changes we are making reflect our commitment to the region and our desire to extend our local investment capabilities. They (Sze and Overdijk) will also enable us to better serve our clients – encompassing private banking clients of EFG Bank, as well as specialist segments served by EFGAM directly,” said Lee.  Read More at HedgeWeek.

Hedge Fund EFG appoints two Hong Kong Executives

(HedgeWeek) EFG Asset Management, the asset management arm of EFG International announced this week the appointment of two Hong Kong-based executives to strengthen its senior management team in the region. Nigel Sze has been appointed Head of Asia and moves from EFG Bank Asia where he was deputy CEO and Head of Private Banking in Hong Kong. Prior to this Sze was Asia Head for HNW clients at Citi Global Wealth Management.

Harmen Overdijk has been promoted to the role of Head of Investments. The appointments underline EFGAM’s intentions of consolidating their position strategically in the region, having also recently appointed top China equity fund manager Mansfield Mok. EFGAM’s CEO, Jim Lee, said that the growing interest in Asia reflects its growing importance to the global economy. “The changes we are making reflect our commitment to the region and our desire to extend our local investment capabilities. They (Sze and Overdijk) will also enable us to better serve our clients – encompassing private banking clients of EFG Bank, as well as specialist segments served by EFGAM directly,” said Lee.  SOURCE: HedgeWeek

Sze’s Azentus Capital bounces back after 2011 AuM drop

Asia Azentus Capital hedge fund manager Morgan Sze(HFMweek) – Hong Kong-based Azentus Capital, the multi-strategy hedge fund manager that debuted last year as one of Asia’s biggest ever start-ups, has seen assets return to above $2bn, as funds throughout the region bounce back from a bruising 2011.

The firm, founded by former Goldman Sachs Asia prop trading chief Morgan Sze in April 2011, launched with nearly $1.1bn in AuM. It first breached the $2bn barrier in August 2011, HFMWeek reported at the time, following strong inflows from investors impressed by its pedigree. The firm has been closed to new investment ever since. Read more of this post