Legg Mason's Permal hires new MD from ABN

Bo Kratz has joined Permal as managing director for Asia in Hong Kong, following a decade-long career at ABN AMRO Asset Management.The Asia MD position is new, encompassing the firmÆs regional businesses, including India, Australia and Japan. Until now, the Hong Kong and Singapore offices reported separately to London.The Singapore office has been the $25 billion managerÆs biggest in the region, and has covered private banks and other clients in North Asia. Growing demand from North A…