Published by AssetManagementManager – 5th March 2015
Former Invesco Great Wall Fund Management vice president, Liu Song, has reportedly filled the vacancy left by Tian Ren Can as general manager (GM) of HFT Investment Management (HFT), according to a report by China Business News.
The speculation after Mr. Tian stepped down from his position as HFT’s GM on February 6 for personal reasons. The firm had named its chairman, Zhang Wenwei, as Mr. Tian’s replacement in an interim capacity.
Joining Invesco Great Wall in 2009, Mr. Liu was promoted to vice president in March 2010. Before that, he worked for Invesco Hong Kong.
HFT could not be reached by Asia Asset Management for comment on the personnel change.
According to fund website howbuy.com, HFT is ranked 42 out of 98 asset managers in China, with 34.6 billion RMB (US$5.53 billion) in total AUM.
Despite HFT’s ETF and equities fund products displaying stellar performances last year, the firm’s brand image was tainted by alleged frontrunner trading. A number of HFT’s portfolio managers were arrested by the China Securities Regulatory Commission (CSRC) and sent for trial.
