Newly-launched Asia hedge fund Factorial Management is boosting its executive ranks.
The Hong Kong-based firm named Adam Wallace as its chief operating officer.
Factorial launched its first hedge fund earlier this year with $25 million. The firm was founded by a DKR Oasis Management, former bookrunner Barun Agarwal, who confirmed Wallace's hire, Asian Investor reports.
Wallace joins Factorial from JPMorgan Chase, where he led Asia-Pacific hedge fund services. Matthew Goldblatt, Asia-Pacific regional product manager for private equity and real-estate services, will handle Wallace's old duties until the bank can hire a permanent replacement.
Prior to JPMorgan, Wallace worked at Citigroup and Fortis Prime Fund Solutions.