Lyxor Asset Management, an investment business of Societe Generale, has appointed Gilbert Tse as head of Lyxor for Asia, and he will be based in Hong Kong.

Tse reports to Pierre Gil, Lyxor’s head of international development. The role is a newly created one. Tse will co-ordinate the firm’s businesses across Asia, Hong Kong, Singapore, Japan and Korea, and for strengthening global co-operation with Fortune SG Fund Management Co, Lyxor's Chinese joint venture.

An appointment to replace Tse as executive vice general manager of Fortune SG Fund Management Co will be announced shortly, the firm added in a statement.