Money Management

Two Sigma taps Noah Holdings executive to head its Asia-Pacific operations

Kenny Lam will join Two Sigma Investments as the data-driven quantitative investment firm's Asia-Pacific head and CEO of Hong Kong-based Two Sigma Asia-Pacific, the New York-based firm said Tuesday.

The position is new, Two Sigma spokesman Jesse Comart said. Mr. Lam will start at Two Sigma on April 8, pending regulatory approval.

Previously, he served as group president with Shanghai-based wealth and asset management services provider Noah Holdings. Mr. Lam was replaced by Yi Zhao as Noah's group president in mid-March, a Noah spokesman said. Noah's Gopher Asset Management subsidiary had just less than $25 billion in assets under management at the end of 2018.

David Siegel, co-chairman of Two Sigma, in a news release, cited the Asia-Pacific region's "appreciation for and innovation in technology and data science" and said Mr. Lam will help the firm pursue opportunities across a range of businesses "from investment management and insurance to securities, private investments and venture capital."