D.E. Shaw Group is moving top executive Julius Gaudio to Hong Kong as it increases its focus on the Asia-Pacific region.
Gaudio is one of the New York-based firm's six executive committee members, as well as head of its corporate credit strategies and joint supervisor of its global asset management business. A 17-year veteran of the $20 billion hedge fund, he helped set up D.E. Shaw's convertible bond desk.
Gaudio also serves on D.E. Shaw's risk committee and private equity and real estate investment committees.
Gaudio's move to the three-year-old office "demonstrates the firm's continued commitment to the region," Meng Liang, CEO of the firm's China private equity unit, said. Hong Kong is one of six offices D.E. Shaw boasts in Asia.
News of Gaudio's move follows Fortress Investment Group's decision to move Adam Levinson, one of its top executives, to Singapore, and Peter Briger, its co-chairman, to San Francisco to oversee its Japanese business.