CITIC Capital Announces Senior Appointment(6 September, 2004 – Hong Kong) CITIC Capital Holdings Limited (“CITIC Capital”, “theCompany”) today announced that Miss Annie Fung was appointed as Managing Director
and head of marketing, product distribution and investor relations for its asset management
arm, effective from 16 August 2004.
“We are very pleased to have Annie with us,” remarked Mr. Yichen Zhang, Chief Executive
Officer of the Company. “Annie joins us at a time when our asset management business ispoised for further development. We have launched a number of funds in the past year andthe performance of the funds have been good, most of which outperform their competitors
in the same category. Annie’s extensive experience and exceptional expertise in marketingand product distribution will be a great asset to us.”
The Company’s asset management division has focused on expanding its customer reachand its range of product offerings, in particular alternative investment products. The latest
addition was CITIC Capital Monhegan Global High Yield Fund of Funds introduced inMarch 2004. “We are dedicated to helping investors capture investment opportunities
through an array of outstanding products and services,” added Mr. Haitao Zhang,Managing Director, Chief Investment Officer and Head of Asset Management to whom Miss
Fung reports. Mr. Zhang was Chief Investment Officer at State Administration of Foreign
Exchange (“SAFE”) of China, managing the country’s FX reserves in excess of US$200 billion.
At SAFE, Mr. Zhang also oversaw its investment operations in New York, London,
Singapore and Hong Kong.
Miss Fung has nearly two decades of global experience in the financial industry. Prior tojoining CITIC Capital, Miss Fung was the Global Product Head of Alternative Investmentsfor Citigroup Private Bank, based in London. This globally recognized business thenspearheaded by Miss Fung has investors across U.S., Europe, Middle East, Asia, Latin
America and Japan.
“I’m excited at joining CITIC Capital after spending a good part of my career abroad with aforeign bank, “ said Miss Fung. “I’m attracted by the unique combination of the Company’s
international expertise and its insights in China, one of the fastest growing economies in theworld. I’m very impressed by the international exposure of its people, their professionalism
and the vibrance exuberant in the company. ”Miss Fung started her career with the corporate and investment banking arm of Citigroup in
Hong Kong. Prior to her international assignment, Miss Fung led a team providing wealthmanagement solutions for ultra high net worth clients in the Asia Pacific region for
Citigroup Private Bank. Miss Fung graduated from the University of Hong Kong with an
Honours degree in Business Administration.
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About CITIC Capital Holdings Limited
CITIC Capital Holdings Limited was formed on 4 February 2002, which is the international
investment banking arm established by CITIC Group in providing a full range of financial
services to both private and institutional clients. After a shareholding restructuring in April
2004, currently CITIC Pacific Limited and CITIC International Financial Holdings Limited
are the major shareholders of the Company, each holding a 50% stake in the company
respectively. Leveraging on the in-depth knowledge of China and resources backed by
CITIC Group and the expertise of our first-rate financial professionals, the Company
provides comprehensive and professional financial services in investment banking, asset
management and securities brokerage.