A day after reporting double-digit earnings growth and a substantial increase in profit, LGT has boosted its Hong Kong headcount.
The Liechtenstein wealth manager has recruited John Cheng as director of managed solutions for its private banking unit.
Cheng who commenced his new role on 28 August, will take on responsibility for the managed funds business in Hong Kong.
Cheng joins from Union Bancaire Privée (UBP) where he was director, multi-asset and managed products, responsible for long-only and alternative managed funds platforms in North Asia.
He also held roles with Next Financial, Zurich Capital Markets and Macquarie in Sydney, Australia.
LGT announced the closing of the acquisition of ABN Amro’s private banking business in Asia and the Middle East in May this year.
