People moves

Richland Capital bolsters team

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Hong Kong-based Richland Capital Management has made two new key hires, appointing Elena Lau as COO and Alden Chung as portfolio manager.

Lau joins from Bank of America Merrill Lynch’s prime brokerage team in Hong Kong. She previously worked for Goldman Sachs’ asset servicing unit and JP Morgan’s financial control unit in Hong Kong and New York respectively. In her new role, Lau oversees operations, risk management and marketing at Richland, which manages more than $300 million.

Chung is a founding director of Hong Kong and New York-based Apex Capital Management, where he focused on trading strategies that