A former deputy CIO at a major financial group joins Kamet Capital Partners.

Singapore-based Kamet Capital Partners, the single family office which as reported here made a major hire last year, has added a former deputy chief investment officer at Allianz Investment Management, it confirmed yesterday.

Kian Ek Quek has been appointed as chief risk officer and chief financial officer and reports into Kerry Goh, CEO and CIO.

Prior to his appointment, Quek was appointed at Allianz IM, the Asia-Pacific investment management office of Allianz’s insurance arm, in 2017. He was also the CFO at the firm since 2010.

Kamet also confirmed to this publication that it has appointed an equity analyst, Amos Tan, from Allianz IM. He joins the five-member investment team as an investment analyst, and reports to chief operating officer, Derek Tay. Tay, formerly of Morgan Stanley, was appointed to his role last September.

The creation of such a business is part of a trend of bankers breaking away to create independent investment businesses along different lines. For example, EightStone, a private investment office, made a senior hire recently. This publication has carried out a regional analysis of the external asset management sector (see here). Players in this area include Thirdrock, Abacus Capital, Swiss-Asia Financial Services, Taurus Family Office, Covenant, and Crossinvest.