Financial Risk Management, a fund of hedge funds manager with offices in Europe, Asia, North America and Australia, has appointed Au King-lun as chief executive of FRM Hong Kong, responsib
Financial Risk Management, a fund of hedge funds manager with offices in Europe, Asia, North America and Australia, has appointed Au King-lun as chief executive of FRM Hong Kong, responsible for leading the group’s business efforts in Asia outside Japan and Korea, and heading its new Hong Kong office.
Au will join FRM in September from HSBC’s global asset management business in Hong Kong, where he has been working for the past 11 years, most recently as head of institutional business for the Asia-Pacific region. He was previously director of quantitative management at Baring Asset Management in London and managing director of GMO (Hong Kong).
FRM opened its Hong Kong office in May this year, building on its existing presence in Asia including offices in Tokyo and Sydney opened in 2000 and 2001 respectively. The group, which manages more than USD15bn in assets for institutions and other sophisticated investors, including around 300 pension funds, has more than 200 staff and also has offices in London, New York and Guernsey.
‘We are extremely pleased to have an individual of Dr. Au’s calibre help lead and expand our Asia coverage,’ says FRM founder and group chairman Blaine Tomlinson. ‘He brings exceptional experience and capabilities to FRM including a strong investment background and a comprehensive understanding of the region’s investors and their needs.’
Paul Dunning, chief executive of Financial Risk Management in London, says: ‘The appointment of Dr. Au represents a significant increase in the resources we are devoting to serve investors in the Asia region. Over time, we expect Dr. Au to oversee further expansion of our Hong Kong-based manager research and client-facing teams.’
Says Au: ‘I look forward to expanding FRM’s business presence and manager research capabilities in Asia. Asian investors are increasing allocations to hedge funds because of the absolute, uncorrelated returns and flexible investment strategies they can offer. FRM is in a strong position to deliver performance and products for this important and growing investor base.’
