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| Monday, 13 September 2010, 09:41 HKT/SGT | |
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Source: Quam Limited | |
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HONG KONG, Sept 13, 2010 - (ACN Newswire) - Mr Richard Harris has taken the helm of the asset management business of Quam Limited ("Quam", Stock Code: 00952.hk) effective from this month.
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Mr Harris has been a resident of Hong Kong for over 40 years. He has 32 years industry experience and some 25 years in the investment industry. His speciality is in building and developing investment management businesses both in Asia, but also in Europe and in global low-taxation jurisdictions. Most recently he has been helping family offices and others build their investment expertise through his consulting firm, Port Shelter.
Mr Harris has significant experience in managing mutual, private and pension funds, in multi-asset classes - and in the marketing of such products. He spent his early career managing money for Jardine Fleming and Newton Investment Management and later headed the asset allocation and manager selection activities as a Director for Citi Private Bank in Asia.
He was also formerly Chief Executive of Jardine Fleming's Private Bank, before leaving for a period in UK political service. Subsequent to that, he established an early stage private equity fund, Enterprise Private Capital, in London. Mr Harris participates with leading thinkers in the investment industry through frequent participation as a chair and moderator of industry seminars and conferences.
Mr Harris noted, "Quam is just the company that I like to work for. It is entrepreneurial and well established; yet boasts a creativity that is critical to investment success. Investment is '90% perspiration and 10% inspiration' and I believe that Quam's freshness can stimulate inspiration".
He continued, "We feel that it is time for a new-era of Asset Management, where clients demand more transparency, smarter diversification and better value. Clients today are looking for overall portfolio performance rather than being pressed to buy a shower of single products. Ultimately clients require a diversified investment plan that looks at a variety of investment instruments with responsible return-risk profiles. It is very exciting that Quam is developing a platform that can provide that".
Bernard Pouliot, Chairman of Quam Limited, said, "His appointment is a key step in the efforts of Quam Asset Management in expanding AUM and in reinforcing our business in the Asia Pacific region. We are delighted to have attracted Richard from his own consulting business to join Quam as we can provide a wide range of supporting activities from our internet expertise through to our securities, private equity and corporate finance businesses, which are especially strong in Hong Kong and China".
Mr Harris holds a First Class Honours degree from The London School of Economics and Political Science and a Master's degree in Engineering Geology from Imperial College London (formally a constituent college of the University of London). He also holds an MBA from Harvard Business School and a certificate in Intermediate Mandarin from Peking University.
About Quam Asset Management Limited
Since 2002, Quam Asset Management Limited ("Quam Asset Management"), a wholly-owned subsidiary of Quam Limited (SEHK: 00952.hk), offers professional asset management services. Supported by experienced in-house research team with keen analytical eye, Quam Asset Management identifies either undervalued or overvalued listed companies which in line with value-investing and active long/short investment strategies. Quam Asset Management also runs a Greater China hedge fund and is launching a Middle East Fund. Its AUM was USD69.7 million as of 31 March 2010.
Contact:
Quam IR
Ms Anita Wan
Tel: (852) 2217-2687
E-mail: anita.wan@quamgroup.com
Ms Sharon Au
Tel: (852) 2217-2680
E-mail: sharon.au@quamgroup.com
Ms Venus Lam
Tel: (852) 2217-2909
E-mail: venus.lam@quamgroup.com
Topic: Press release summary
Source: Quam Limited
Sectors: Daily Finance
http://www.acnnewswire.com
From the Asia Corporate News Network
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