DeAM appoints Ayaz Ebrahim as CIO Asia Pacific and Middle East

Based in Hong Kong, Ebrahim will commence with DeAM in the third quarter of this year. He joins from HSBC's investment group, HSBC Halbis Partners, where he was CEO with responsibility for investment management in the Asia Pacific region.

Ebrahim has worked in various senior asset management investing roles across the region for more than 17 years. He has held CIO positions for the past 9 years. While at HSBC, he was responsible for implementing the company's investment strategy in Asia Pacific and significantly improved investment performance. Prior to joining HSBC, Ebrahim was CIO of Credit Agricole Asset Management, a position which he held for six years. He is proficient in Cantonese.

''We are delighted to have someone of Ayaz's pedigree join our rapidly expanding business in the Asia Pacific and Middle East region,'' said Ed Peter, DeAM's Head of Asia Pacific and Middle East. ''I am confident that his strong track record of outperformance and building highly successful investment teams will transfer to our business and assist in continuing to deliver investment excellence to our clients. In addition to managing existing investments, Ayaz will play a critical role in delivering new investment products to clients in our region and beyond.''

As a result of Ebrahim's appointment, Andrew Fay, who has held the dual roles of Head of Australia and Asia Pacific CIO for DeAM, will now focus exclusively on Australia as both the Country Head and Australian CIO.