Sydney, Australia
Lazard Asset Management (LAM) announced that it has hired Henry Choon as Managing Director, Business Development and Marketing for Asia (ex-Japan). Mr. Choon also will lead the opening of a Hong Kong office as the firm continues to expand its Asian Asset Management business. He will work closely with Robert Prugue, a Senior Managing Director and Head of Asia Pacific for LAM in the firm's Asset Management efforts in Asia.
Lazard Asset Management Hong Kong will mark the firm's fourth asset management office within Asia and the Asia Pacific region. LAM currently operates out of Seoul, Tokyo and Sydney, in addition to its offices in Europe and North America. The firm has recently applied for a license to operate in Hong Kong with the Securities and Futures Commission.
"This is a key hire for Lazard Asset Management, and reinforces our commitment to our clients in Asia and the Asia-Pacific region," said Mr. Prugue. "Henry Choon has an outstanding reputation and unparalleled experience. We look forward to working with him as we continue to expand the Lazard Asset Management franchise across Asia."
Mr. Choon will introduce LAM's global and regional strategies to a wide selection of Asian-based professional investors, including pension funds, Central Banks, Sovereign Wealth Funds and financial institutions. Mr. Choon joins the firm from Lehman Brothers Investment Management where he was Head of North Asia Institutional Business, and was responsible for establishing Lehman's presence in Hong Kong and building distribution relationships with clients. Mr. Choon has over 15 years experience in the funds management business in Asia.
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), Lazard Asset Management LLC (LAM) offers a range of equity, fixed-income, and alternative investment products and solutions for clients worldwide. As of December 31, 2007, LAM and affiliated asset management companies in the Lazard Group managed more than $141 billion worth of client assets. For more information about LAM, please go to www.Lazardnet.com.
About Lazard
Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 39 cities across 21 countries in North America, Europe, Australia, Asia and South America. The firm provides advice on mergers and acquisitions, restructuring and capital raising, as well as asset management services, to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com.
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Source: Business Wire (Business Wire India)