Stella Xu has joined Capital Group as head of institutional business for Greater China based in Hong Kong, the firm said in a statement August 14.
She reports to Toby Chan, head of client group for Greater China, also based in Hong Kong. She leads the firm’s Greater China institutional strategy, and is responsible for strengthening relationships with clients.
Capital Group had more than $2.7 trillion in assets under management as of June 30.
The role was previously based out of Singapore and has been moved to Hong Kong to better support the firm’s Greater China clients, a spokesperson said.
She succeeds Ada Zhang, who was previously listed as a managing director on the Singapore-based institutional team at Capital Group. The spokesperson confirmed she is no longer with the company.
Capital Group has been beefing up the team, having hired in October Benno Klingenberg-Timm as head of institutional for its Asia and Europe client group based in Singapore.
Xu joins from Fidelity International, where she was head of institutional sales for China and Hong Kong. Fidelity managed $862 billion in assets as of June 30. A spokesperson confirmed her departure and said that Head of Consultant Relations and Institutional Strategic Business Development, APAC ex-Japan, David Leishman, has expanded the scope of his role to oversee the institutional team for mainland China and Hong Kong.
