Sam Lau, senior portfolio manager at HSBC Investments in Hong Kong, has left to join the joint venture between Bank of China International and the UK's Prudential Asset Management. Lau will take up the role of chief investment officer, replacing Lionel Kwok, who had the role since the JV's inception in 2000.
BoCI-Pru was established for the Mandatory Provident Fund industry, although with $3 billion of assets under management, it continues to explore ways of entering the mainland market. Parent BoCI, however, has a funds JV with Merrill Lynch in Shanghai.
Kwok resigned over the summer and this month began working...
