Galleon Group, a global alternative asset manager with a focus on growth sectors and emerging markets, has announced that Frank Wong is joining the firm as chairman of Galleon Asia, effective immediately.
Based in the Singapore office, Galleon's regional headquarters, Wong will oversee the firm's business strategy and growth initiatives throughout the region.
Galleon broadened its investment focus in 2008 by establishing a new Asian macro strategy. Overseeing assets of approximately USD1bn, the Asian business is increasingly active in foreign exchange trading and interest rates, commodities, equity and volatility indices.
Galleon's Asian office includes a team of analysts, traders and portfolio managers.
"I am delighted to welcome someone of Frank's caliber and experience to our senior management team," says Raj Rajaratnam, managing general partner of the Galleon Group. "We have a significant opportunity to further strengthen our presence in Asia, and his leadership and deep relationships with public policy makers, business leaders and investors will help us expand Galleon's franchise. To our clients and counterparties, Frank sets us apart as a visionary alternative manager in the region."
Wong joins Galleon from DBS Group Holdings, one of the largest financial services groups in Asia. From 1999 to August 2008, Frank served as vice chairman of DBS Bank, where he was also chief operating officer as well as a member of the DBS Bank and DBS Group Holdings board, a member of the DBS Group Holdings management committee, and chairman of DBS Bank (Hong Kong).
He had global oversight responsibility for the strategic development and financial performance of all DBS' revenue generating businesses, encompassing consumer banking and wholesale banking.
He played a key role in broadening DBS' geographic footprint regionally in Asia through the acquisition and integration of Dao Heng Bank Group, as well as through the organic development of DBS' businesses in Hong Kong and mainland China.
From 1966 to 1999, Wong held a series of progressively senior positions in Asia and Europe with major financial services firms including Citibank, JP Morgan and NatWest.
He is currently a non-executive independent board director of China Mobile, China; Industrial & Commercial Bank of China Limited, China; PSA International, Singapore, a global container port operator; Mapletree Investment, a pan-Asian real estate development and fund management company; and National Healthcare Group of the Ministry of Health of Singapore.