Schroders poaches from Pictet for HK CEO role

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Amy Cho, Schroders newly-announced Hong Kong CEO, is Pictet Asset Management’s head of business development for Asia-Pacific ex-Japan.

Amy Cho, Schroders

Cho will start on 3 December, according to a statement from Schroders. She will replace Chris Durack, who after three years in Hong Kong will serve as the firm’s Australia CEO.

Durack, in addition to his CEO role, will continue to oversee the institutional business across Asia-Pacific, as he has done for the last three years, the firm noted.

In addition to her chief executive position, Cho will take on the newly-created role of regional head of intermediary clients to develop client relationships in Asia-Pacific. She will be collaborating with Showbhik Kalra, regional head of intermediary and product, as well as the regional country heads, according to the statement.

Cho is managing director and regional head of business development for Asia-Pacific ex-Japan and general manager for Hong Kong and Taiwan at Pictet Asset Management. Before that, she held senior roles at First State Investments, HSBC Global Asset Management and Citibank.

Cho will officially leave Pictet AM this month, according to a Hong Kong-based Pictet spokeswoman. The firm has not yet found a replacement for Cho, though a search has already begun, she added.

Schroders, which manages $593.3bn in global client assets, is building its business in the region. Most recently, it has tied up with Maybank Asset Management to launch products for Malaysia’s high net worth segment. In September, the firm joined the Asean CIS programme, which is a passporting scheme that connects the fund markets of Singapore, Thailand and Malaysia.

The firm also launched its first onshore equity fund for private clients in China this year via its investment management wholly foreign-owned enterprise (IM WFOE). Schroders also saw its assets in Taiwan double this year.

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