ETF Securities set to launch in Hong Kong

UK-based exchange-traded commodity firm ETF Securities (ETFS) is setting up in Hong Kong, having last month won approval in principle to operate in the city. Fred Jheon has relocated from the Japan office to head the Asia business, while Nigel Phelan has transferred from Sydney to run regional sales. Jheon has been Asia-Pacific head since April 2011, initially in Tokyo. Before that he was head of product and business development at ETFS in San Francisco, where he started the US …