People moves

Aquila Capital opens first Asian office in Singapore

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Hamburg-based Aquila Capital has opened an office in Singapore, its first in Asia. Its fund structuring arm, the Luxembourg-based Alceda Fund Management, earlier this year also announced a presence in Singapore.

The group, which has $4 billion under management, specialises in next-generation absolute return and real asset investment strategies including UCITS.

Chum Yong Quah, the firm’s director for wholesale, has been appointed to lead Aquila’s operations out of Singapore.

Before joining Aquila, Chum had worked for Fidelity as head of private banking and south-east Asia development for two years, where he was responsible for sales and client servicing