Hong Kong, 1 September 2010 – Fidelity International announced today the appointment of KP Luk as the Head of Institutional Business in Hong Kong.
Mr Luk will assume the leadership of Fidelity’s Hong Kong institutional team effective immediately, reporting to Kerry Ching, Managing Director, Fidelity Hong Kong. He brings a wealth of Hong Kong based experience in every aspect of institutional client service and sales, after a 16-year career with Schroder Investment Management in Hong Kong, where he was most recently Head of Institutional Clients.
“KP Luk is a long time veteran of the institutional market in Hong Kong, and well known to many clients. He has had hands-on experience across all facets of the industry and his leadership will significantly strengthen Fidelity's institutional team in Hong Kong,” said Ms Ching.
Prior to his appointment at Fidelity, Mr Luk had been a Director at Schroders since 2003 and in that time, headed up the Company’s Clients Directors and Defined Contribution businesses, among others. He began his career there in 1994 as a Portfolio Manager’s Assistant and held a number of client service roles before moving to the sales-based disciplines.
Mr Luk said he sees huge opportunities at Fidelity, particularly in driving client relationships. “This is an exciting time to be joining Fidelity as it is a strong organisation with the capacity to grow even stronger. As global markets move towards recovery, new opportunities will present themselves and I am pleased to be joining an organisation that is so well-placed to capitalise on them,” he said.
Mr Luk holds a Master of Science in Investment Management from the Hong Kong University of Science and Technology and a Bachelor Degree in Management and Marketing from Curtin University in Australia.
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About Fidelity International
Fidelity International is an affiliate but separate company to Fidelity Investments and provides investment products and services to individuals and institutional investors outside of the Americas. Fidelity International has been in Asia for 41 years with offices in Japan, Korea, Australia, Hong Kong, Taiwan, Singapore and China. Fidelity International manages US$200 billion Assets Under Management (as at 30 June 2010), has over 6 million customer holdings and manages over 765 funds. Fidelity International has one of the largest proprietary research teams in the world, providing insights into around 98% of the world's stock markets (as measured by the Morgan Stanley Capital International World Index, 4 June 2010). In Hong Kong, Fidelity is the largest provider of the ORSO (Occupational Retirement Schemes Ordinance) Member Choice Defined Contribution Scheme and is also one of the top ten MPF (Mandatory Provident Fund) scheme providers in Hong Kong.
Tel: 852 2629 2800
Tel: 852 2629 2800
.Source: Towers Watson Manager Watch, as at 31 March 2010.
.Source: Towers Watson MPF Performance Book, as at 31 March 2010.