Posted inPeople Moves

NB poached China head from HFT

Neuberger Berman appointed Patrick Liu as the head of China and general manager of its new Shanghai office.

Liu joined from HFT Investment Management, a joint-venture of BNP Paribas Investment Partners and Haitong Securities. He previously worked at Deutsche Asset Management and Invesco Greatwall Fund Management.

The New York-based fund house received regulatory approval to open an investment management wholly foreign-owned enterprise  (IM WFOE) in Shanghai late last year.

“Given this new development, Neuberger Berman has made several senior appointments in China,” the firm said in a press release on Tuesday.

William Hui also joined as the head of China institutional business from Deutsche Asset Management.

Nick Hoar, the NB’s head for Asia-Pacific said that China represented a significant growth opportunity for the firm.

“We are working with Asset Management Association of China (AMAC) to complete the registration process and will look to launch our first product shortly after the registration,” Liu said.

After the IM WFOE is registered as as private securities fund manager through the AMAC, the firm has six months to launch onshore equity- and fixed income-focused products to institutional clients and high net worth investors in the mainland.


Part of the Mark Allen Group.