Conflict of interest sparks Shanghai shuffle at Martin Currie
Portfolio manager Chris Ruffle will leave Martin Currie due to a conflict of interest over a convertible bond investment. Meanwhile, the firm is searching for three new executives.
UK-based asset manager Martin Currie has announced staff changes at its Chinese joint venture as the result of a potential conflict of interest over an investment in an unlisted convertible bond issued by printer cartridge business Ugent Holdings.
The potential conflict of interest was discovered in November 2010, and has led to the departure of Chris Ruffle, portfolio manager for China and Taiwan, last Friday (July 29), as agreed with the UK’s Financial Services Authority and com…
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