Alternatives giant Ares raids UBS for Asia push
US firm Ares Management has poached UBS Asset Management’s Greater China institutional client head, sparking a reshuffle at the Swiss fund house.
Ares Management has added an institutional sales specialist to run and build out its client business in Hong Kong and Southeast Asia, as the Los Angeles-based firm moves to tap robust regional demand for illiquid assets.
Michael Chen, formerly institutional head for Greater China at UBS Asset Management, started at Ares in Hong Kong this month as principal and relationship manager for Asia.
Hong Kong and Southeast Asia coverage previously fell under the remit of Sundo Kim, Hong …
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