Baring Asset Management — The London investment management firm has appointed Edmund Chong to be head of sales, client service and business development and distribution for Asia. Chong is based in Hong Kong. He joins Barings from HSBC Global Asset Management where he was the head of sales, wholesale business. Previously, he worked at BNP Paribas Investment Partners, SG Asset Management and Franklin Templeton.
Carlyle Group (Nasdaq: CG) — Peter Clare (pictured) has been named deputy chief investment officer for the Washington, D.C. asset management and private equity firm. Clare, who joined Carlyle in 1992, will remain as co-head of the U.S. buyout group, a title he has held since 2011. He will work alongside Kewsong Lee who was hired from Warburg Pincus LLC in 2013. In 1999, Clare was a founding member of Caryle's Asia team, and later launched the firm's distressed investment team. In 2004, he became head of the global aerospace, defense and government services industry team. Prior to Carlyle, Clare worked for First City Capital Corp. and the merchant banking group of Prudential-Bache Capital Funding.