Dymon Names Goldman Exec. CEO

Jul 3 2012 | 10:43am ET

Dymon Asia Capital has hired its second top executive this year.

The Singapore-based firm named David Chan its new CEO, Bloomberg News reports. Chan most recently led Goldman Sachs' global macro trading effort in the region.

Chan's hiring follows that last month of former SAC Capital Advisors Asia chief Jay Luo as president and head of risk management and operations.

As with Luo's hire, Chan's is designed to allow Dymon founder Danny Yong to focus on managing the US$2.85 billion firm's money. But Chan, who hired Yong at Goldman Sachs 12 years ago and who worked with him for six, will also help out with the firm's interest-rate trading.

"Right now, the fund's investments are skewed towards foreign exchange, where a large part of our risk and our revenues are derived," Yong told Bloomberg. "David's strong foundation in Asian interest-rate trading, as well as his track record in building world-class trading businesses, will be hugely complementary to our existing business and will help us achieve our goal of becoming Asia's premier macro hedge fund manager."

Dymon is up 1% this year.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR