SWFI First Read, July 5, 2017

General Atlantic Hires Former HKMA Direct Investments CIO

Private equity firm General Atlantic has hired Yong Hak Huh as a special advisor. He is the former Chief Investment Officer of Private Markets and Direct Investment at the Hong Kong Monetary Authority (HKMA).

“We are excited to welcome Yong Hak to the firm as we expand our relationships with entrepreneurial companies and leading investors across Asia. As we deepen our presence and build upon two decades of growth investing in the region, we know that Yong Hak will only reinforce our capabilities and experience and deepen our connectivity with family and institutional investors seeking to partner with General Atlantic,” said Graves Tompkins, Managing Director and Global Head of Capital Partnering at General Atlantic, in a press release.

Vanguard Snags Merz to Lead European Distribution Efforts

Index giant Vanguard Group hired Thomas Merz to be head of European distribution (ex-U.K.). Merz will report to Vanguard’s Sean Hagerty, head of Europe. Merz is joining Vanguard from UBS Asset Management. He last served as Head of ETFs Europe at UBS.

BlackRock Opens First Israel Office

BlackRock opened its first official office in Israel, selecting Tel Aviv’s Rothschild boulevard as the location. BlackRock is banking on Israel’s deep pool of technological expertise to help them in future needs.

Cloud Management Company Spotinst Raises Series A

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