Rye Brook, New York-based fund of hedge funds shop Kenmar Group has opened an office in Singapore, headed by former ABN Amro private banker Chris McLeod.

McLeod has spent the past five years at ABN Amro in Hong Kong and Singapore, initially in asset management, where he was responsible for allocating proprietary capital and analyzing alternative investments, and more recently in the private bank, where he was responsible for sourcing, due diligence and distribution of alternative products.

“Given the rapid growth of hedge fund managers and clients in the Asia region, we feel it is imperative to have a presence on the ground here,” said Marc Goodman and Ken Shewer, the firm's joint chief executives and chief investment officers.

Kenmar was founded in 1983 and also has an office in Richmond, Va.