AMP Capital has moved its Asian equities team to Hong Kong and has appointed three portfolio managers and analysts to join the company.
The company has appointed Patrick Ho as AMP Capital head of Greater China equities and he will be responsible for the portfolio management of the AMP Capital China Growth Fund.
He joins from BNP Paribas Investment Partners, where he was also head of Greater China Equities in Hong Kong.
Ho has held the role since 2005 and managed about US$4 billion in funds under management.
AMP Capital also hired portfolio managers/analysts Eugene So and Sam Ho, who worked with Patrick Ho at BNP Paribas for the last couple of years.
The measure means the existing Asian equities team based in Sydney will leave AMP Capital, including Ragu Sivanesarajah, James Gruber, Ying Luo and Kevin Yeoh.
AMP Capital senior portfolio manager Jonathan Reoch will relocate from Sydney to Hong Kong in September as head of Asia, ex-Greater China.
He will retain responsibility for the pan-Asian equities fund, the AMP Capital Asian Equity Growth Fund.
Reoch took over as lead manager for the fund in June last year, after former head of Asian equities Karma Wilson left the company to relocate to Hong Kong, where she is currently on sabbatical.
AMP Capital senior investment analyst Casey Mclean will also relocate to Hong Kong as portfolio manager/analyst and will continue to support the team.
The decision follows a review of the company's Asian equities capability that focused on the investment process, the structure of the team, coverage of sectors and product offerings.
"The new Hong Kong based team will be well placed to manage both the Pan Asia and China A share portfolios," AMP Capital chief investment officer David Kiddie said.
"The experienced investment talent we have attracted will also provide AMP Capital with the exciting opportunity to add to our product offering with a Greater China equities capability," Kiddie said.
AMP Capital will also conduct a recruitment search to hire a new analyst, who will be based in Hong Kong, bringing the team to six investment professionals.
