Fortis Asia Hedge Admin. Chief Out

Feb 25 2008 | 1:00am ET

Fortis Bank has lost the commercial director of its Asian hedge fund administration business amid a restructuring.

The firm said Joanne Murphy left to pursue other interests, and that her departure is unrelated to her group’s restructuring, Asian Investor reports.

Fortis is splitting its hedge fund administration team in Asia into a north and south group. Stewart Bent, who has been promoted to regional director for Asia ex-Japan, will temporarily take the reins for the whole region in the wake of Murphy’s exit. The firm also promoted Dan Synk to head of operations in Hong Kong.

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