Fund manager Agnes Deng has left Baring Asset Management, with new hire Laura Luo replacing her as fund manager and head of Hong Kong China equities.
Luo is replacing Deng as lead manager of the $2.4bn Baring Hong Kong China fund – a fund that was downgraded earlier this month by Morningstar OBSR due to size concerns.
Starting the role on 12 September, Luo will report to chief investment officer for Asia Wilfred Sit.
Luo joins from Schroder Investment Management, where she worked for 12 years and held lead manager roles on several Hong Kong China equity funds.
Barings chief investment officer Marino Valensise says: “We are very pleased to be welcoming Laura to Barings to add her vast experience of managing and researching Greater China equities to our team.”
As part of the personnel change, Winston Ke has been appointed lead manager of the Baring China A-Share fund and all China A-Share segregated portfolios with immediate effect.
Reporting to Luo, Ke joined Barings in 2010 from First State Cinda Asset Management.