A hedge fund industry veteran has been named the new head of the CFA Institute in the Asia-Pacific region.
Paul Smith will take over the association's Asian operations in Hong Kong at the beginning of October. He succeeds Ashvin Vibhakar, who will remain a managing director and who will lead strategic initiatives for CFA, which saw the largest number of candidates ever sit for its exams in June, 40% of whom were from the Asia-Pacific region.
Smith is the founder of Asia Alternative Asset Partners, a hedge fund seeder and distribution platform. CFA CEO John Rogers called him "a fine example of an investment professional who upholds the highest standards of ethical practice."
Smith will step-down from Triple-A, which he set up in 2007. He said the firm was still working to find his successor and would remain in operation.