BlackRock appoints Izawa as Japan head

Izawa replaces Masato Degawa, who has decided to retire from the firm.   Izawa’s appointment will be effective from 18 May. He will join BlackRock from Japan Post Bank, where he was president and chief executive for more than five years. Previously, he worked with Mitsui & Co for 38-years. The hiring reflects BlackRock’s deep […]

StanChart’s Southeast Asia fund advisory head quits

According to media reports, Torsten Linke, the bank’s managing director and head of relationship management for Southeast Asia, has also quit. A spokeswoman for the bank confirmed Lee’s departure to Fund Selector Asia, but declined to comment on Linke.  Lee joined the private bank in August 2011, according to her Linkedin profile. Lee’s previous roles included working […]

Investors to recoup $25m from Hong Kong hedge fund collapse

The Securities and Futures Commission has recovered HK$191m ($24.6m) of assets from the Cayman-domiciled Athena Fund, which was a product from asset manager Descartes Athena Fund SPC. “The SFC alleges the Athena Fund was an outright fraud,” said Mark Steward, the SFC’s executive director of enforcement.  “Our action to have the assets frozen prevented them […]

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