Azimut Group Appoints Head of Asia
Italian asset manager Azimut is accelerating growth in the region with the appointment of a head of Asia.
Azimut has appointed Stefano Chao as head of Asia and CEO, Singapore, according to a statement.
In the role, he will lead the firm’s Asia offices in Singapore, Shanghai, Hong Kong and Taipei with a focus on expanding the fund business and developing cross-border solutions for private and institutional clients across the region. Based in Singapore, he reports to group CEO Giorgio Medda.
Strong Presence in Singapore
Chao joined Azimut in 2011 and served as general manager and legal representative of Azimut China where he oversaw the development of the Private Fund Manager (PFM) and Qualified Domestic Limited Partnership (QDLP) businesses. Prior to joining the Italian asset manager, he was vice president, fixed income special opportunities group at Lehman Brothers in New York.
Headquartered in Milan, Azimut employs over 1,700 employees worldwide, overseeing more than $170 billion in assets under management (AUM). Within Singapore, it has a 70-plus team with AUM exceeding S$3.6 billion ($2.8 billion).
