Asian asset manager Value Partners has appointed Au King Lun, as chief executive officer.
Au joins from Eastspring Investments where he was CEO of the company in Hong Kong.
As CEO of Value Partners, he will be in charge of the group’s business and corporate affairs, reporting directly to the chairman of the firm.
Formerly, Au served as CEO of Bochk Asset Management and held various senior management positions at other financial institutions including 11 years’ service with HSBC Global Asset
Management (Hong Kong).
Cheah Cheng Hye, chairman and co-CIO of Value Partners, commented: “We’ve seen China turn into a major exporter of capital to the world, from an importer, and this presents a historic opportunity for Value Partners, which has the brand, resources and industry track record to take full advantage of the situation.
“King Au brings with him almost 30 years of industry experience and network in the Asian asset management industry. Our vision is to become a world-class asset management group, and King Au together with the other very-capable managers we already have in our team can help us achieve our vision.”
Au said: “I am extremely honoured to be appointed. With the talent and resources of Value Partners, I am confident we can embrace the exciting opportunities ahead and develop
Value Partners into a global brand in the process. Investment flows in and out of China are expected to grow substantially in the coming years and decades.
“Value Partners, with its 23 years of local heritage, is well-positioned to take advantage of this once-in-a-lifetime paradigm shift.”
Value Partners is listed on the Hong Kong Stock Exchange and had assets under management of $13.8bn (€13bn) as of 31 October 2016.