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Opalesque Exclusive: The Galleon Group hires David Lau to co-manage $1.2bln Asia multi strategy fund and build out Asia investment platform from Singapore Kirsten Bischoff, Opalesque New York: According to notification sent to investors, The Galleon Group has hired David Lau to co-manage the Galleon Asia Macro Fund (a $1.2bln pan Asian multi strategy fund), and build out the asset manager's Asia investment platform to include additional strategies.

Lau, is the former Joint Head of Global Financial Markets at the Development Bank of Singapore (DBS). While at DBS he helped transform the operation into a multi-asset Asian currency specialist which in 2007 was voted best foreign exchange bank in South-East Asia (Global Finance) and Best House of the Year (Asia Risk Interbank). Prior to this he was Regional Head of Global Markets at NatWest Bank, Regional Treasurer for Canadian Imperial Bank of Commerce, and Chief Dealer at the Industrial Bank of Japan. He is a native of Singapore, President of the Financial Markets Association, and member of the Singapore Foreign Exchange Markets Committee.

Lau's hire marks the completion of Galleon's long-term strategy to extend their Asia reach. The team of 20 includes 10 staff hired and trained in New York and then relocated in one unit as a fully operational group, as well as additional regional hires. With this new office Galleon is one of the firms staking a claim i......................

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