Direxion wins HK licence, adds saleswoman

After winning approval in June to market its exchange-traded funds to professional and institutional investors in Hong Kong, US-based Direxion this week added a second salesperson in the city. Grace Chiu started yesterday as a vice-president reporting to Drew Blackburn, who joined as head of Asia from Credit Suisse in December. She previously worked at Taiwanese firm Horizon Securities in Hong Kong covering institutional and professional investors, and will provide Cantonese- and …