People Moves

Permal beefs up Asia team

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Permal Group has appointed Matthew Yao as vice president for Greater China, responsible for sales in the region. He is based in Hong Kong and will be reporting to Brenda Tse, the managing director and head of Greater China for the fund of hedge funds manager.

Tse says China is increasingly an important part of their business mix, both in terms of clients and investment. Permal, which currently manages $23 billion in alternative investments, is now looking to further grow its business into China ten years since it first set down its marker in the region with the