Factorial Adds JPMorgan Hedge Fund Services Exec.

Apr 11 2012 | 10:24am ET

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.

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