Haitong International has hired a former UBS Global Wealth Management executive to lead investment strategy for its asset management arm.

Haitong International has appointed Hyde Chen as managing director and head of investment strategy for its asset management division, according to a statement.

Chen has over 10 years of experience in the financial sector, most recently with UBS Global Wealth Management where he was an executive director in its chief invents office with a focus on multi-asset strategies in mainland China and Hong Kong markets. Previously, he also worked in equity analyst teams at AllianceBernstein and CLSA.

«The investment strategy team is one of the core teams of Haitong International Asset Management,» said Haitong International’s global head of asset management Dr. Shengzu Wang. «With the research-driven investment and asset allocation framework, we are dedicated to building a unique asset management platform to provide full-cycle investment management services to Haitong International's individual, corporate and institutional clients.»