He takes over from Christian Gmuer, who will hand over his responsibilities as head of Asia sales as he takes on a new role focusing on projects associated with recruitment, staff retention and business development globally.
Leonteq has appointed Edward Ho as managing director based in Hong Kong, the Swiss-headquartered derivatives boutique said in an internal memo shared with staff last week.
Ho will be head of Asia and, subject to regulatory approval, the manager in charge with the overall management oversight (OMO) for Hong Kong effective from 1 January 2022. As part of his role, Ho will coordinate Leonteq's business activities in Hong Kong, Singapore and Tokyo, spearhead its sales efforts and oversee the development of the platform, including local partnerships in the region, the memo said.
Ho is currently the head of Merian Global Investors Hong Kong and the responsible Oofficer for the business, a role he has held since 2018. He previously held leadership positions at Merrill Lynch, Bear Stearns and Standard Chartered Bank, where he was global head of equity derivatives sales, as well as Wells Fargo AM.
Important Market
Asia is an important market for Leonteq and plays a crucial role in its growth strategy, the firm said.
«Considering the local differences among markets, our footprint needs further local leadership to continue contributing to the establishment of our brand and to ensuring that a development agenda is pursued across the different functions of the company, including risk and IT capabilities,» the memo said.
In July, Leonteq reported a record group net profit of 74.4 million Swiss francs ($80.96 million) for the first half of 2021.
