Lazard’s Prugue to oversee new Hong Kong office

Lazard Asset Management is to open its fourth Asian office following the recruitment of Henry Choon as managing director for business development and marketing in Asia ex-Japan.

Choon, who joins from Lehman Brothers Investment Management, will be reporting to Lazard’s Asia Pacific head, Rob Prugue. Prugue, an Australian, relocated this year from Sydney to Japan for several months. Prugue described Choon’s recruitment as a key hire as he was responsible for establishing Lehman’s presence in Hong Kong. The other Lazard offices which report to Prugue, apart from Sydney and Hong Kong, are Seoul and Tokyo.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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