Old campaigner returning home

Less than 12 months after being appointed as head of Deutsche Asset Management (DeAM) in Hong Kong Clayton Coplestone has resigned and will be returning home to New Zealand.

Thursday, March 15th 2007, 7:03AM

by David Chaplin

Coplestone, who is well-known in the Australian and New Zealand financial services industry, said he is leaving DeAM for personal reasons and will fly back into Auckland next week, 13 years after leaving to work in Australia.

“We’ve been away from New Zealand for 13 years and with a young family the lure of home was too strong,” Coplestone told Good Returns.

He said the rest of 2007 would be “dedicated to restoring our house in Auckland” but he hasn’t ruled out a return to the industry either in Australia or New Zealand next year. “I will come back into the industry... it’s in my blood,” Coplestone said.

Coplestone, who was also DeAM head of distribution for greater China, only took up the role last June after leaving Credit Suisse Asset Management (CSAM) in Hong Kong where he had been head of business development since 2003.

According media reports, Coplestone was credited with building the CSAM investment business in Asia (excluding Japan) after using the group’s banking relationships to create distribution partnerships, which included two major deals with Korean financial institution Woori and China’s state-owned bank ICBC.

Before moving to Hong Kong he spent four years as head of retail sales for Credit Suisse Asset Management in Sydney and has held various positions in Australia and New Zealand, including stints with Tyndall Investment Management and EquitiLink Asset Management.

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