Custody recruitment firm sets up in HK

A new recruitment firm has been launched in Hong Kong that focuses on custody and asset servicing.

Custodian Group is a new executive search firm established in August 2013 by John Byrne.

The firm will focus primarily on custody, asset servicing and prime brokerage related clients throughout the APAC region.

Byrne said that its key capability would be in sourcing talent both locally and from European markets.

“We aim to use our considerable expertise in this field to deliver recruitment capabilities to this expanding sector across Asia. We will use our extensive network here in Asia as well as our longstanding ties to Europe in order to source both local talent, as well as senior executives from more mature markets,” he said.

“As the growth of the asset management industry in Asia continues, asset servicing is facing a whole new raft of challenges and opportunities in what can be a highly fragmented regional market.”

“Increased regulatory pressures combined with potential new entrants in the form of Chinese banks will see a shake-up of the traditional custody and sub-custody networks. Custodian Search will provide clients with a clear picture of the rapidly shifting recruitment market as well as offering tailored search solutions that will allow firms to effect organisational change."