GLOBAL - Overlay Asset Management (OAM) has made two high profileappointments in Henrik Pedersen and Hai Xin (pictured) as it further expands the business globally.
Pedersen joins from CitiFX Risk Advisory Group where he was a director based in London. Pedersen will assume the role of head of product development at OAM, and will remain based in London.
Hai Xin is also to join OAM from UBS, to head up the firm’s Asia business based in Hong Kong. OAM opened the office in Hong Kong at the beginning of April.
Xin was an executive director in the fixed income, rates and currencies area of UBS Investment Bank and a member of the currency overlay advisory service team. From 2000-2002, Xin worked within UBS’ investment banking division advising on currency risks embedded in M&A transactions.
OAM is a currency overlay manager headquartered in Paris, and is owned by BNP Paribas Asset Management.
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