HONG KONG, Sept. 14, 2015 /PRNewswire/ -- ICBC Credit Suisse Asset Management International, the international arm of one of China's largest asset managers with more than RMB754 Billion in assets under management, today announced that it has named Elvin Yu, as Head of International Sales and Client Relationships. In this role, Elvin reports to Richard Tang, the Chief Executive Officer, and will oversee all sales, marketing and client relationship functions outside China.
"International business is a top priority for us," said Richard. "The hiring of a highly regarded and seasoned business leader in Elvin is proof of our commitment. We are very pleased to have someone of his calibre to lead the team."
"I am delighted to join the firm and drive the international expansion at this significant point of RMB internationalization. ICBCCS is one of the world's largest asset managers dedicated to China solutions, and has an excellent array of capabilities that offer tremendous opportunities for international clients," said Elvin.
Elvin has more than 16 years of experience in the asset management industry. Prior to joining ICBCCS, he was the Responsible Officer, Managing Director and Head of Institutional Business for Greater China and SE Asia at Allianz Global Investors. Elvin has also held senior roles at Baring Asset Management and AXA Rosenberg, and was responsible for institutional business development in the Asia region.
The firm has also made a number of key strategic personnel appointments recently. Ricky Chau joined in July 2015 as Director of Global Investment Solutions. Ricky brings more than 15 years of industry experience and was the Director of Asset Allocation at Manulife Asset Management Asia, where he managed multi-asset portfolios for retail, pension and other institutional clients.
Elaine Yu joined as Head of Legal and Compliance and is responsible for all legal, compliance and regulatory affairs for the firm. Elaine brings more than 10 years of industry experience, and before that was a solicitor with the international law firm Paul Hastings.
"ICBCCS has been dedicated to investment management in China for more than 10 years, with strong focus on our fiduciary duties and prudent investment culture," Richard said. "We are excited to leverage on our stable teams and successful track records in China, to provide the international audience the best in class RMB solutions appropriate for their needs."
About ICBC Credit Suisse Asset Management
ICBC Credit Suisse Asset Management Company Limited (ICBCCS) is the joint venture between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse, and the investment specialist dedicated to providing China and RMB asset management solutions within the ICBC Group. Since establishment in 2005, the firm has upheld the philosophy of "Value Creation through Prudent Investing". As of Jun 30, 2015, the firm has approximately 400 employees and RMB754 billion assets under management, providing first-class investment management and advisory services for over 9 million institutional and retail clients.
ICBC Credit Suisse Asset Management (International) Co. Ltd.
SOURCE ICBC Credit Suisse Asset Management (International) Company Limited