Funds industry group ICI Global has opened an office in Hong Kong to focus on the Asia Pacific region.
Qiumei Yang has been appointed executive vice president, head of Asia Pacific, in charge of overseeing operations.
Yang was previously head of mainland development at the Hong Kong Stock Exchange and spent ten years at the China Securities Regulatory Commission.
She says “the growing need for a pan-Asian voice of the fund industry” drew her to the role.
ICI Global is a trade organisation that focuses on regulatory and market issues for global investment funds, their managers and investors.
“The perspective of Asia-based funds and their investors will enrich and improve the global regulatory dialogue,” says Yang. “And the extraordinary growth of the asset management sector in many Asian locales, such as China, provides impetus for ICI Global to deepen and strengthen its presence in the region.”
Local operations will commence on May 1, 2013.
Nearly three dozen firms have joined the association, including China Asset Management (Hong Kong), China Universal Asset Management, HuaAn Asset Management (Hong Kong) and Nikko Asset Management.
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