Robeco recruits Jeff Coyle for HK lending desk
22 February 2013 Hong Kong
Image: Shutterstock
Asset manager Robeco has chosen Jeff Coyle to replace Zubair Nizami as head of its securities lending desk in Hong Kong.
Robeco created the Hong Kong desk, which focuses on securities lending and swaps in the Asian markets, in 2011. It recruited Nizami from Northern Trust to run the desk, but he left in February of this year.
A Robeco spokesman confirmed that the firm had appointed Jeff Coyle to the role, who has previously worked for BBVA, AXA Investment Managers and Man Financial.
He added that the Rotterdam desk will cover the Asian region during HK hours in the meantime, until Coyle is up and running.
Robeco is also under new management, with Japanese financial services group ORIX acquiring approximately 90.01 percent of the equity in the firm from Rabobank for €1.935 billion.
Rabobank will keep the other 9.99 percent of Robeco. ORIX will allocate treasury stock to Rabobank as part of the acquisiton price, and Rabobank will become a shareholder of ORIX as a result.
Robeco’s banking activities will be transferred to Rabobank, with the asset manager keeping its client service relations division.
ORIX has been pursuing a new business model and is seeking to augument its presence in the global asset management industry. It purchased Mariner Investment Group in the US in 2010.
Robeco’s management board will remain in their current roles, with Roderick Munsters continuing as CEO and reporting to ORIX headquarters in Tokyo.
In a statement, Piet Moerland, chairman of the executive board of Rabobank, said that his firm and Robeco have strengthened each other over the past decades of working together. “Robeco is a solid asset manager, with a track record of being innovative—for instance, by introducing pension solutions. Robeco now has the opportunity to develop further under ORIX’s ownership.”
Robeco created the Hong Kong desk, which focuses on securities lending and swaps in the Asian markets, in 2011. It recruited Nizami from Northern Trust to run the desk, but he left in February of this year.
A Robeco spokesman confirmed that the firm had appointed Jeff Coyle to the role, who has previously worked for BBVA, AXA Investment Managers and Man Financial.
He added that the Rotterdam desk will cover the Asian region during HK hours in the meantime, until Coyle is up and running.
Robeco is also under new management, with Japanese financial services group ORIX acquiring approximately 90.01 percent of the equity in the firm from Rabobank for €1.935 billion.
Rabobank will keep the other 9.99 percent of Robeco. ORIX will allocate treasury stock to Rabobank as part of the acquisiton price, and Rabobank will become a shareholder of ORIX as a result.
Robeco’s banking activities will be transferred to Rabobank, with the asset manager keeping its client service relations division.
ORIX has been pursuing a new business model and is seeking to augument its presence in the global asset management industry. It purchased Mariner Investment Group in the US in 2010.
Robeco’s management board will remain in their current roles, with Roderick Munsters continuing as CEO and reporting to ORIX headquarters in Tokyo.
In a statement, Piet Moerland, chairman of the executive board of Rabobank, said that his firm and Robeco have strengthened each other over the past decades of working together. “Robeco is a solid asset manager, with a track record of being innovative—for instance, by introducing pension solutions. Robeco now has the opportunity to develop further under ORIX’s ownership.”
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