Desmond Ng is joining Invesco in Hong Kong in a new position as head of institutional business, according to market sources.
Invesco confirmed it is hiring someone for the position but declined to confirm it is Ng.
A spokeswoman at JF Asset Management, however, says Ng is leaving. Ng ran institutional sales at JF and had reported to Douglas Eu, regional CEO. Both men have left Eu has just joined Allianz Global Investors as regional CEO of its RCM business. Ken Tam stepped up to assume the CEO role at JF and now he will have to handle NgÆs sales duties as well.