Saturday, 27 August 2016
Last updated 19 hours ago
Oct 15 2010 | 12:17pm ET
For its new chief operating officer, hedge fund Richland Capital Management went prime.
The Hong Kong-based hedge fund has hired Elena Lau, formerly a prime brokerage executive at Bank of America Merrill Lynch, to head its operations. Lau worked for five years at BofA, where she was a vice president, after previous stints at Goldman Sachs and JPMorgan Chase.
Richland didn’t raid its own prime brokerage to fill its COO post; the firm is serviced by UBS.
“After spending 14 years servicing hedge funds, I’m delighted to go to the buy-side,” Lau told Asian Investor.
She’s not the only new hire at Richland. The hedge fund has added Alden Chung and Wing Shek Lau from Apex Capital Management. Chung is a portfolio manager and handled event-driven and equity long/short strategies at Apex, while Lau was a trader.