Defections land a heavy blow on Fortis

With Robert MacPherson''s departure the fund administrator is left rudderless in Asia.

Robert MacPherson, director of business development at Fortis Prime Fund Solutions in Hong Kong, has resigned and is reportedly joining Bank of New York, which is looking to muscle its way into the Asia fund administration business.

BoNY executives in Hong Kong declined to comment and MacPherson couldn't be reached.

Players in the fund admin and prime broking world believe MacPherson is headed to BoNY in part because the firm has...

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