Hong Kong – Loeb Benson, a pioneer asset manager focused on the capital markets and financial advice while specializing in maximizing clients’ investment profits, announced that Mr. Wang H. Jiangtao, has resigned and will leave the firm, effective immediately.
The firm has a succession plan in place and its Management Board, comprised of its Managing Directors, will confirm shortly the election of a new Chief Operation Officer. Relevant portfolio management assignments will also be announced at that time.
Said Loeb Benson Chairman and Chief Executive Officer, Mr. Richard G. Man-tat “While we are grateful for everything Wang contributed to building our firm and delivering value to Loeb Benson’s clients, over the course of this year it became increasingly clear that the firm’s leadership and Wang have fundamental differences about how to take Loeb Benson forward.”
Mr. Man-tat continued: “As part of our responsibilities to our clients, employees and parent, Loeb Benson has been developing a succession plan for some time to ensure that the firm is well prepared to manage a seamless leadership transition in its Portfolio Management team. Earlier this year, the firm established a new portfolio management leadership structure that reflects our long-held belief that the best approach for Loeb Benson’s clients and our firm is to evolve our investment leadership structure to a team of seasoned, highly skilled investors overseeing all areas of Loeb Benson’s investment activities.”
Mr. Man-tat added: “We have built a deep bench of talent with extensive investment and leadership experience and our outstanding team around the world gives us the scale, talent, expertise and commitment to manage this transition.”


[b]About Loeb Benson[/b]

Loeb Benson is focused on the capital markets and financial advisory needs of the financial services industry while specializing in maximizing clients’ investment profits. With expertise in sales and trading, analytics and asset management, Loeb Benson is uniquely qualified to create value for clients in all market conditions, and we are strategically building on a longstanding commitment to offer a broad range of services. Loeb Benson offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of clients draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate.