The new co-managing director of quantitative investment solutions arrives as Value Partners eyes up the launch of the so-called ‘ETF Connect’.
Quah spent a little over a year at Mirae Asset Global Investments in Hong Kong, where he specialised in ETFs. Before that, he plied his trade at Hong Kong Exchanges and Clearing (HKEX), where he was most recently a vice president in cash trading product development and marketing.
He will co-lead the Value Partners quantitative investment solutions business with Mak Ling Kai, who has overseen the launch of multiple smart beta ETFs in Hong Kong.
Value Partners unveiled a new strategic plan for its ETF business in May. It included lowering the management fees for two of its smart beta ETFs as part of its move to position the series for institutional investors.
This plan, according to Dr Au King Lun, CEO of Value Partners, will move the asset management firm into a position to capitalise on the new ETF Connect between China and Hong Kong.
“The ETF market in Hong Kong has become more robust in the past year with the launch of the leveraged and inverse products,” he said in May. “Looking forward, we are excited to see more catalysts emerging for the development of ETFs in the Hong Kong market, such as the ETF Connect between China and Hong Kong.”
“While embracing new opportunities ahead, we will continue to further enhance the appeal of ETFs in Hong Kong, particularly our own ETF offerings.”
HKEX floated plans to expand the eligible product set of the Connect brand, through which certain equities and bonds are already traded between China and Hong Kong stock exchanges, earlier this year.