Joel Coverdale joined risk solutions provider Axioma in Hong Kong as head of Asia ex-Japan.
The position is new, said a spokeswoman. An Axioma news release said Mr. Coverdale's appointment will help the firm meet increasing client demand for “risk solutions to support investment strategies and portfolio construction,” with a focus on multiasset strategies. He will report to Olivier d'Assier, Axioma's managing director, Asia-Pacific.
Mr. Coverdale comes to Axioma from Eight Isle Ltd., a risk consulting firm he founded in 2015 after leaving BlackRock, where he served most recently as a director in the manager’s institutional client business division.
The spokeswoman said Eight Isle Ltd. is no longer active.