Alexandre Werno named executive vice GM of Fortune SG
31 March 2014
Category: News, Asia, China, Global, Hong Kong
By Asia Asset Management
Alexandre Werno has been announced as executive vice general manager of Fortune SG Fund Management (Fortune SG), effective from March 24, 2014.
Fortune SG is a joint venture (JV) between Fortune Investment (Baosteel Group) and Lyxor Asset Management. Since its creation in 2003, it has become a leading fund management company in China with equity, money market and alternative investment funds. The JV has branches in Shanghai, Beijing, Shenzhen and a subsidiary in Hong Kong with RQFII capabilities.
Mr. Werno replaces Gilbert Tse, who was appointed head of Lyxor for Asia in March 2013. Based in Shanghai, he is specifically in charge of the supervision of mandate and institutional sales (both domestic and international) and of risk control. Prior to this appointment, he had been senior adviser to the general manager of Fortune SG since May 2013.
Fortune SG has built a strong franchise in China equity funds over the years and is now also pioneering in alternative and quantitative strategies, while strengthening its partnership with Lyxor. In the course of 2014, Fortune SG will diversify its offerings and develop new sectorial equity funds and index-linked products, and propose cross-border innovative solutions and alternative businesses both on the fund of hedge funds and alternative managed accounts.