HSBC appoints Singapore alternative fund services director
In replacing Allard DeJong, the lack of enough talent in Singapore prompts HSBC to import depth from Europe.
HSBC has appointed a former Citco executive as head of Singapore operations for its alternative fund services business. Wout Kalis will move from Citco in Amsterdam to replace a vacancy left by Allard DeJong, who recently left after four years of service to join a fund of hedge funds.ôThe fund house is a client of ours and Allard left us on very good terms,ö says Arjun Bambawale, CEO of HSBC Institutional Trust Services in Singapore.He notes HSBC commands the biggest market share for …
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