Prudential Asset Management has hired Lye Thiam Wooi, v.p. and head of global markets at CDO manager Straits Lion Asset Management in Singapore, as an investment director in the Lion City to assist in developing the fixed income derivatives business. Lye said he will look over structured assets including credit-linked and asset-backed products, including retail credit products. Prudential launched the first synthetic CDO-linked unit trust in Singapore in April and plans to follow up with additional deals, noted Lye. He now reports to Nick Taylor, head of derivatives in Singapore.
