Westpac-owned Ascalon Capital Managers has hired Chuak Chan to setup the boutique fund manager’s Asian operations, Investor Daily reports. Based in Hong Kong, Chan will work with the Securities and Futures Commission on the licensing process before launching Ascalon in Hong Kong, subject to regulatory approval.

Previously, Chan served as COO of Segantii Capital Management. Prior to that, he held roles at ING Investment Management, including chief risk officer for the Asia Pacific investment, adds Money Management.

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