Stewart Aldcroft has been recruited as CEO of CitiTrust. He will be based in Hong Kong and report to David Russell, regional head for securities and fund services Asia Pacific.
CitiTrust provides trustee services to a number of mandatory provident fund constituent funds, and approved pooled investment funds.
Aldcroft will lead the team to develop new initiatives, and grow its client base across the Asia Pacific region.
Russell said: “Aldcroft is a seasoned professional with over 30 years of experience in the asset management industry, mostly in Asia."
"With the growth opportunities in the investment funds industry between China and Hong Kong, Aldcroft’s expertise will lead the CitiTrust team in identifying sound opportunities and meeting the increasing demand for trustee services among global fund management companies in Hong Kong. He will continue to provide support, advice and guidance to our clients in the region.”
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