Legal & General Investment Management hired a senior trader from HSBC Global Asset Management to join its team in Asia.
Danny Kwok has been appointed head of Asia Pacific (APAC) equity trading, Legal and General Investment Management (LGIM) said in a news release.
In his new role Kwok will report to Ed Wicks who is the global head of equity trading.
Kwok left HSBC earlier this year after six years with the asset manager, he was previously an equity derivatives trader at Macquarie group.
Asian Pivot
LGIM is currently expanding its business in Asia-Pacific in a bid to facilitate local market coverage for the region’s trading and index fund management.
The move will see responsibility for the firm’s equity trading and index fund management transferred to its Hong Kong based team.
«We have developed our trading and fund management capability in Hong Kong, as well as the supporting infrastructure, in order to provide the best solutions for our clients over the long-term,» said Alan Flynn, head of LGIM Asia.
