Mercurio, who joins from the Government of Singapore Investment Corporation where he was a senior portfolio manager, will report to Pierre Lagrange senior managing director of Man subsidiary, GLG.
Meanwhile, Lagrange has been appointed as chairman of Man Asia, in addition to his responsibilities for managing GLG’s global long only and long short equity portfolios out of London.
Man has been in Asia for over 15 years, having first established a distribution office in Hong Kong in 1995. It now has offices across Asia, including in Hong Kong, Tokyo, Singapore, and Sydney. As of end March 2011, 25% of Man’s global funds under management came from Asia Pacific. GLG has a 16-year history of investing in Asia and gained a trading license in Hong Kong in 2010.