Hospital AuthorityÆs Pao leaves to advise DBS

Winnie Pao has left the Hospital Authority Provident Fund Schemes (Haps) as director of investment supervision, after seven years of service. The Hospital Authority, with over $4.4 billion of assets under management, is considered one of Hong KongÆs most sophisticated institutional investors. Pao is well regarded by many executives in the Asian fund management industry.Sources familiar with her decision say she does not have immediate plans to take on a full-time job. She is reportedl…